Keeping you connected to key credit union news, events, and trends: June 7, 2017
In This Issue
Headline News

LCUL's Excellence in Marketing Awards: Deadline is This Friday!
The deadline to submit your entries for the 2017 Excellence in Marketing Awards Program is this Friday, June 9. Don't miss the opportunity to get recognized for your hard work!

LCUL's proud to recognize Louisiana credit unions that have made outstanding contributions to the development and growth of the movement by honoring their achievements through LCUL's Excellence in Marketing Awards Program. Winners will be announced during the League's Annual Meeting & Convention, held July 26-29 in New Orleans.  Credit unions can earn recognition in the following categories:
  • Annual Report Business/SEG Development
  • Community/PR Event
  • Complete Campaign
  • Digital Advertising
  • Direct Mail Piece
  • Electronic Marketing
  • Newsletter
  • Social Media
  • Website
Click here to download the 2017 Excellence in Marketing Entry Form. Deadline for award entries is June 9, 2017.

For more information, visit the League's website or contact Lacey H. Weaver, Vice President of Communications & Public Relations.
 
Important Dates to Remember:
 
June 9: Marketing Awards Deadline
June 26: Discounted Room Rate Deadline
June 30: Hall of Fame, Memorials Deadline
July 7: Early Bird Registration Deadline  
Additional information can be found on the League website. Questions? Contact the  League's convention team today!
Callahan Data Update: 
How Did Credit Unions Perform in the 1st Qtr. of 2017
Credit unions had another quarter of record performance in the first quart of 2017, with loan balances and member relationships continuing to increase to record highs. We've identified five key ratios that are important for credit union vendors to know and understand, especially at the year end mark.

Analyze this data by logging into your client portal  to select a data product or sign into Peer-to-Peer and be taken straight to that particular ratio:
CUAnalyzer is open to all employees and volunteers at affiliated credit unions. Unlike other financial analysis tools that presume a high degree of financial literacy, CUAnalyzer's charts and graphs combined with its 5-star performance rating system, analytical text, and ratio definitions put performance in context. Click here for more information.
Just for Fun: 3 Tips for Having Good Work Relationships


It's good to enjoy your work. It's also good to enjoy those people you work with. If your work relationships aren't what they should be, here are a few tips to turn those into healthy, productive work relationships.
Professional Development

Last Chance: Underwriting & Collections Takes Place in Just 2 Weeks...Register NOW!
July 21, Baton Rouge

Join Pierre Cardenas for this 2-day workshop that reveals the intertwined relationship between Underwriters and Collectors.  When asked WHY the two diverse roles are taught in tandem instead of separately,  Pierre's reply is quite simple:
 
"I find there to be a tremendous amount of value when Collectors & Underwriters come together to discuss loan applications, risk mitigating factors and both understand the areas of weakness with different portfolios. I highly  recommend that credit unions get into the practice of having underwriters & collectors meet monthly to discuss delinquencies, charge offs and trends they see in applications. The roles work together and help form a more complete risk mitigating process.  The Underwriter understanding the collection challenges makes them better at stipulating loans and obtaining verifications before funding." 
 
Discover how to combine your team efforts for a more complete risk mitigating process. Pierre uses your own credit union as a teaching tool, so be prepared to bring some actual loans (the difficult ones especially) for analysis, dissection and group discussion!  

Here's a taste of what to expect:
  • Evaluating, Mitigating & Managing Risk
  • Building Loan Portfolios
  • The important role Policies play in underwriting
  • Risks associated with 7 different portfolio types
  • Best Practices in Collections
  • Strategic Collection Strategies vary per portfolio type
  • Interactive, hands-on session delving into your own CU's actual loans & denied applications!
  • Best Practices, Networking & Discussion of issues you face in your Credit Union daily.
Click here for more information.
Peer Group Update

YPN Silent Auction Accepting Donations
The Young Professionals Network (YPN) is excited to coordinate the return of the silent auction during LCUL's convention in New Orleans. The proceeds from the auction will be evenly split between the Louisiana Foundation and the YPN scholarship fund. 

A special thank you to all of those that participated in the auction last year; the auction raised over $5,000. The goal is to have fifty items up for auction this year, so we need your help with donations. Your credit union will receive recognition for any item(s) that it donates on the bidding sheet. Ideas for auction items are not limited to home décor, family outdoor games, destination gift certificates, spirits, and gift baskets.
 
Those interested in donating can contact the YPN Steering Committee. The Young Professionals Network, along with the Louisiana Foundation, appreciate your consideration in making a donation.
Have You Heard?

Pelican State CU Celebrates New Branch in Ascension Parish
To spread the word about the Grand Opening of Pelican State Credit Union's Prairieville branch , the credit union gave away $20 in free gas to the first 200 cars to visit its Select Employer Group's gas station, Popingo's, on Tuesday, May 23. Then, on Thursday, May 25, Pelican formally celebrated the branch's Grand Opening with a Ribbon Cutting Ceremony, refreshments and giveaways. 

Old and new members were invited to tour the branch to receive $25 cash. Fifty-five members completed the tour! Plus, visitors enjoyed brunch from local restaurants and the opportunity to text-in to enter to win a TV. During the celebration, thirty new members joined the Pelican family! 
 
Pelican would like to thank all of the credit union's friends from LCUL and neighboring credit unions who stopped by the event. The Pelican team had a great time visiting with everyone and appreciated the support.



Quote of the Week:
" Become the kind of leader that people would follow voluntarily; even if you had no title or position." 
-Brian Tracy


Register for LCUL's Annual Meeting & Convention Today!

Educational Calendar
Upcoming Conferences & Seminars from your League:    

June 9-16: Southeast CUNA Management School
June 21-22: Underwriting & Collections: Understanding the Roles and the Importance of their Relationship  
July 26-29:  LCUL's Annual Meeting & Convention
 
Upcoming Teleconferences & Webinars from your League

June 8: Revisiting TRID Line-by-Line Part 2: Closing Disclosure
June 13: Traditional & Roth IRA Plan Establishment & Required Amendments
June 14: Reporting Member Credit & Effectively Managing Credit Disputes
June 15: Debit Card Chargebacks: Rules, Rights, Challenges & Best Practices
June 20: Supervisory Committees: Understanding Expectations & Avoiding Landmines
June 21: Real Estate Series: Adverse Action in Mortgage Lending: Are You in Compliance?
June 22: BSA Compliance Series: New BSA Officer Training
June 27: My Borrower Filed Chapter 11 Bankruptcy - Now What?
June 28: The Top 10 Things You Need to Know About the CFPB's Amendments to Mortgage Servicing Requirements Before October 19
June 29: ACH Specialist Series: Same Day ACH: Preparing for Processing Debits, Effective September
July 6: Director Series: Effectively Assessing Credit Risk & Defining Credit Risk Appetite for Directors
July 10: Wire Transfer Security Issues: Regulatory Guidance, Risk Management & Monitoring
July 12: Regulatory Requirements When Employees Work from Home: Overtime, FMLA, ADA, Safety & More
July 13: Call Reports: Financial Statements & Schedules B-E
July 18: Creating an Effective Suspicious Activity Program: 
July 19: Regulation E Series: Regulation E Fundamentals: Back to Basics
July 20: Working with Troubled Members: Loan Extensions, Deferments, Re-Aging, Refinancing & Incentives
July 25: 20 UCC Provisions You Must Know When Cashing or Depositing Checks
July 26: E-Compliance Rules, Policies & Best Practices for Email, Web, Mobile & Social Media
July 27: Risk Management Series: Conducting a Fair Lending Risk Assessment
     
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
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(800) 452-7221   www.lcul.com