Keeping you connected to key credit union news, events, and trends: June 21, 2017
As we prepare for Tropical Storm Cindy to make landfall, LCUL wants to remind credit unions about the disaster preparedness resources on the our website. Please report branch closures to s[email protected]. 
In This Issue
Headline News

New to Convention! LCUL Hosting Rock Star Round-table Discussions
LCUL knows the value in networking with your peers, particularly in a round-table setting with topics to discuss. As a new feature to convention, LCUL is excited to host an opportunity for attendees to get even more out of their convention experience. As attendees rotate tables, they are given three cards to write their ideas. Ideas are shared and will be condensed to a document that will be distributed to attendees. Check out some of the topics:

 Our volunteers ROCK because...
  • What makes your CU's volunteers rock stars? (examples of outstanding performance in the role of "lead singers")
  • Top forty performances (Decision making that impacts our members in positive ways)
  • The show tanked because: (What were the no shows that we wish we never tried)
Small credit union harmonies...
  • Back stage pass to greatness (Who out there can or did mentor you?)
  • The Voice for our success is: (Performance by a shameless promoter and what they said)
  • Our roadies (people and ideas that keep us going toward growth) 
Financial statement scores...
  • Music and lyrics (Key ratios that you depend on to sing your song)
  • Heavy metal (Where are you burning up the show?)
  • Going acoustic (Our mellow basic performance benchmarks)
Marketing mosh pit...
  • The RAVE  (can't miss marketing ideas)
  • Mix tape (The best of marketing, or the breakup songs)
  • Can you dance to it?  (Marketing ideas that can be duplicated in other shops)
Round-table discussions are scheduled for Thursday, July 27 at 8:00 a.m. prior to opening ceremonies. There is no additional cost to attend.
 
Click here to download round-table information. 

Important Dates to Remember:
 
June 26: Discounted Room Rate Deadline
June 30: Recognition Awards, 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!

Implementation Guide, Marketing Toolkit for CU Perks Distributed to Credit Unions
Last week, LCUL announced the launch of CU Perks, an exclusive exclusive shopping rewards program that rewards both members AND affiliated credit unions.

In partnership with Retail Benefits, a leading online deals provider, members can earn up to 40% in CU Perks shopping at the same stores they're shopping at today. The added benefit to this program is the opportunity for credit unions to receive rewards from purchases made by their members.
 
LCUL has put together an Implementation Guide and Marketing Toolkit to help you successfully promote CU Perks to your members. These resources can be found on our website. 

Click here to see what CU Perks is all about. For inquires, contact the LCUL at [email protected]. 
Unique Opportunity for Young Professionals: CRASH LCUL's Annual Meeting & Convention
Deadline to apply is July 7!
 
The Louisiana Credit Union League (LCUL) & the Young Professionals Network (YPN) are excited to provide
 a chance for ten crashers to experience what the movement is all about as they CRASH the LCUL Annual Meeting & Convention. CRASH is open to all current YPN members from across the state who would be first time attendees of the Annual Meeting & Convention!
 
Crashers will receive a full convention registration courtesy of LCUL and YPN. (that's right, FULL registration is covered!)
 
Travel, hotel and food costs are the responsibility of the Crasher and their credit union.  To get the complete CRASH experience and get the most out of the program, crashers will be asked to share a room with another crasher.
 
All crashers will need to be in New Orleans on July 26th by 3:00 pm and until 10:30 am on July 29th for the conclusion of the Crash Sessions.
 

1st Quarter 2017 LA Credit Union Profiles & Milestones Report Available on LCUL Website*
The Louisiana Credit Union League works with CUNA's Economics & Statistics Department to analyze quarterly data submitted by credit unions to NCUA and then provides a quarterly report showing trends in various areas including loan & savings growth, risk trends, membership trends, and more. We also provide a "milestones" report that looks at top credit unions in the areas of loan penetration, share draft penetration, and average savings balances; this report also highlights credit unions that have reached and exceeded certain amounts for assets, members, and loans. 

The reports for the 1st Quarter of 2017 are now complete and have been posted to the League's website. Click here to access the reports directly.

*Milestones report now includes a breakdown by asset size. 

Just for Fun: 4 Common Phrases You Should Never Utter in the Workplace
We all know there are certain things your boss never wants to hear. But, what about your coworkers? The fact is you spend more time with your colleagues than you do your own family, so it's important you take them into account when it comes to your office behaviors. Below are four commonly used phrases you should leave out of your workplace vernacular.

Click here to continue reading.

Professional Development

Dues Supported Webinar: 
Improving ROA Through a Sustainable Business Model
June 28, 11:00 am
LCUL is pleased to present this one hour webinar at no additional charge to our member credit unions. 

Join Raelynn Radway, Senior Strategist with CU Strategic Planning, to learn what it takes to improve earnings from a veteran "turn around" CEO.  You may be used to hearing regulators advise you to simply "cut expenses", but she will share her trade secrets for improving ROA while growing capital and assets. 

Although this program is FREE to member credit unions, your advance registration is required.  
 
If you're unable to join the webinar on June 28, you can still register as all registrants will be sent the link to the archive. 
 
Underwriting & Collections Workshop Rescheduled
The workshop, which was scheduled for this week in Baton Rouge, has been postponed due to Tropical Storm Cindy.  It will now be held on November 8th and 9th.  All registrants will be automatically moved to the new dates. 

Mark your calendars now to join us.  Were you unable to schedule this class in June, but interested for November? If so, click here for more information on this program and register anytime. 

If you have any questions, please contact [email protected]. 
Transaction Talk

Keeping Members Virtually Safe: Should Credit Unions Issue Virtual Cards?

CSCU's Lou Grilli's thoughts on virtual cards (also known as "burner cards", that is credit/debit cards with no plastic version). 

It's fairly well known that as chip cards and chip card readers are putting a big dent in fraud conducted at the point-of-sale (counterfeit fraud), the bad guys are shifting their efforts to committing fraud online. E-commerce fraud (52%) clearly outweighs swiped fraud (28%) on credit cards, with debit card fraud still experiencing swiped fraud, since not as many debit cards have been reissued with chips - that will change by the end of this year. Meanwhile, ecommerce breaches are popping up in the news with increasing frequency.
News from CUNA Mutual

News from CMG: Use 457(f) Plans to Recruit and Retain Executives
It could be devastating to lose a key leader. Learn how to use 457(f) plans to help preserve leadership continuity to help in meeting the credit union's strategic goals.  
Have You Heard?

Barksdale FCU Announces Patrick Gullat as New CEO, Names John Weaver Executive Vice President
Patrick Gullatt has been selected as the new President/Chief Executive Officer for Barksdale FCU.  

"The Board of Directors is looking forward to the continuity of operational excellence under his talented leadership," says Virgil Barnette, Chairman of the Barksdale FCU Board of Directors. 

Gullatt has been with the credit union since 1999 - first serving as the credit union's Chief Financial Officer and then in 2008 serving as the Executive Vice President..
 
Gullatt is committed to the credit union movement serving as the President of the LCUL's Shreveport Chapter for two consecutive two year terms (2011-2015).  He is also actively involved in community relations serving as a Board Member on the Bossier Chamber of Commerce and now serving as the Chamber's Chairman of the Finance Committee.
 
Prior to coming to Barksdale, he served as the Controller for Parker Sales Agency, Inc. from 1994 - 1999.  He served at the Federal Deposit Insurance Corporation from 1989-1994 and as the Assistant Vice President at Louisiana Bank and Trust in 1983 - 1989.  Gullatt earned his B.S. from the University of Louisiana Monroe and his M.B.A. from Louisiana Tech University. 
 
Jo hn Weaver has been selected as the new Executive Vice President for Barksdale FCU.  Mr. Weaver has served as the credit union's Chief Financial Officer since 2008 and will continue in this role serving as Executive Vice President/CFO.  Before becoming the CFO, John served as the credit union's Accounting Manager and Vice President of Accounting since March of 2003. 

 Prior to coming to Barksdale Federal he served in various financial and accounting roles including Chief Financial Officer and Controller for American 3CI, and as Controller for Cellxion, Inc.  He also served as Tax Specialist and Accountant for the Federal Deposit Insurance Corporation. He earned his B.S in Finance from Louisiana Tech University in 1988 .
Pelican State CU Member Grabs Over $700 In Groceries During Shopping Spree
Long-time Pelican State CU member Lauren Edwards anxiously grabbed the handle of her grocery cart as the 10-second countdown started over the intercom at Carter's Supermarket in Walker, Louisiana.
 
Lauren was chosen as the grand prize winner of a two-minute, all-you-can-grab shopping spree at Carter's Supermarket on 29760 Walker South Road during the Grand Re-Opening of the credit union's Denham Springs branch at 145 Rushing Road.
 
As soon as the countdown finished, Lauren raced through the store as Pelican team members and her family cheered her on. Her mind was set on a very generous idea-grabbing everything she needed for a community cookout with her neighbors. She also snagged some of her kids' favorite foods.
 
"I cannot thank you enough," Lauren told the team. The total at the end of Lauren's foot-long receipt was $775.96.
 
The credit union is actively involved with its Denham Springs community and regularly gives back to its members through community events like the Denham Springs Spring and Fall Festivals and Grocery Store Giveaway. Pelican also hosts an annual FREE Kids Bike Race before school starts. The event is open to the public and is a completely free event that includes face painting, games and refreshments.
 
 

Quote of the Week:
"Leadership is the capacity to translate vision into reality." 
-Warren Bennis

Register for LCUL's Annual Meeting & Convention Today!

Educational Calendar
Upcoming Conferences & Seminars from your League:    

July 26-29:  LCUL's Annual Meeting & Convention
 
Upcoming Teleconferences & Webinars from your League

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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