Keeping you connected to key credit union news, events, and trends: July 19, 2017
In This Issue
Headline News

LCUL's 2017 Convention: the 'Farewell Tour' Celebrates Our Real Rock Star
Often imitated but never duplicated, our Friday night social event means one thing: anything goes. We've been promoting the event with a "Farewell Tour" theme without giving away too much...until now. 
Join us as we celebrate our own rock star in retirement, the one and only: Vince Liberto. (Vince himself has no idea!)

As always, the party includes dinner, dancing, and open bar. This year, we encourage concert-goers to "dress and reflect" on your favorite music genre. Dress up as your favorite music era, band, or icon and get ready to rock out with even more surprises in the works...

What Does Your Headhsot Say About You?Take the Opportunity to Brand Yourself at LCUL's Annual Meeting
Is your LinkedIn photo a selfie taken in the car? Or maybe a cropped photo from a family bbq? Scrambling for a decent picture to publish or add to a news release? Do you just want everyone at the credit union to have the same background for photo consistency? Then LCUL has a unique opportunity for you...

A professional photographer will be on hand for those needing professional business head shots. For only $40/session, you receive professional lit mini head shot session, pose coaching, retouching on each image, and images in Hi & Low res digital format delivered 7-10 days later. Whether you decide to include your entire staff or just for your personal usage, don't miss the chance to brand yourself at our professional headshot station!

Questions? Contact a member of our convention team today.


NCUA Grant Writing Assistance for ROA and Loan Growth
Are you a low income designated credit union? If so, it's not too late to apply for one of the NCUA grants. LUCL's partner CU Strategic Planning is writing NCUA grants for two categories at no cost to league members.
 
Leadership - $10,000                                      
CAMEL 3 or better: Deadline July 31
 
Underserved Outreach - $25,000
CAMEL 2 or better:Deadline August 31
 
These grants can be used for: loan growth, ROA improvement, as well as partnership development to drive new pipelines of loans. Competitive analysis for pricing and product enhancement. Product development and implementation, policy guidance and business plan writing. CU Strategic Planning is applying on behalf of any LCUL credit unions that qualify and are interested in the above work.
 
If you're interested in applying for a grant to grow your loans and improve your ROA, contact [email protected].
 
IMPORTANT!  To apply for an NCUA grant, you MUST have a current  sam.gov  account. If you are interested in applying for an NCUA grant and do not have a current  sam.gov  account, please contact CU Strategic Planning immediately so that they can help you through that process. It can take anywhere from a week to a month and the deadline is approaching. 

Just for Fun: 4 Things to Do at Work Before You Leave for Vacation
Once our vacations are booked it can be hard to concentrate on much else. How are we supposed to finish our work when there's sun and sand right around the corner? Before you shut down your computer and leave work for your big trip, cross these four things off your list to ensure you're leaving on a high note.

 Click here to continue reading.

Professional Development

Accounting Basics for CU Professionals
September 13, Alexandria
 
All credit unions, no matter the size or number of employees, need to have to have at its core, staff members with a good solid foundation of the Basics of Accounting.

 Join us in Alexandria for this one day program  being taught by one of your own peers here in Louisiana.  Beverly Alwell, CEO of River Cities CU, is also a professor of Accounting and she is eager to share her knowledge with all of us.  She stands in your shoes, does the same job you do and therefore knows exactly what you need to know. 
 
Topics being covered at this one day overview seminar  will include:
  • Generally Accepted Accounting Principles
  • NCUA Accounting Manuel 
  • Corporate Account Balancing
  • Accruals
  • Fixed Assets and Depreciation 
  • Allowance for Loan Loss and lease
  • End of the month Analysis
  • Trial Balance and Closing entries
  • Balance Sheet
  • Income Statement
  • Budgets and Budget Variance report
  • Accounting practices for Asset Liability Management 
This program is being held at the Holiday Inn located at 701 4th Street in Downtown, Alexandria so that it is centrally located for all our credit unions!

 Click here for more information.

News from CUNA Mutual

Grow Your Credit Union Membership with Insights about Non-Members
Is your credit union leaving opportunities to grow membership on the table? If you're not actively engaging non-members, you might be. The latest research from CUNA Mutual Group, What Matters Now: Insights from the Non-Member," is a deep-dive into non-member and under-engaged member mindsets, lifestyles, attitudes, and habits. These crucial insights can be invaluable tools for your credit union to reach this audience.
Have You Heard?

La Capitol FCU Hosts Louisiana Sports Hall of Fame Welcome Reception
La Capitol FCU was the title sponsor of the 2017 Louisiana Sports Hall of Fame's Welcome Reception, held in Natchitoches, LA. The Welcome Reception served as the kickoff event for the Hall of Fame's yearly induction ceremonies and was free and open to the public.

At the reception, attendees had the opportunity to meet and greet the state's best athletes, coaches, journalists, and sports administrators, who were enshrined into the Hall of Fame in recognition of their lifetime of athletic accomplishments. This was La Cap's eleventh consecutive year to sponsor the Sports Hall of Fame induction ceremonies, making La Cap the longest continuous sponsor of the event.
Pictured are La Cap officials, the 2017 class of inductees, and representatives of the Hall of Fame at the La Capitol FCU Welcome Reception.

Quote of the Week:
"In looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if they don't have the first, the other two will kill you." 
- Warren Buffet
Learn about the program that earns both you AND your members rewards!

Educational Calendar
Upcoming Conferences & Seminars from your League:    

July 26-29:  LCUL's Annual Meeting & Convention
August 22 - 23: 2017 New Laws and Compliance Workshop
 
Upcoming Teleconferences & Webinars from your League

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
August 2: Advertising Compliance: Website, Print, TV & Radio
August 9: Real Estate Series: Appraisals & Evaluations for Consumer Real Estate Lending
August 10: Dealing with Employee Discipline, Complaints, Performance Issues & More
August 16: BSA Compliance Series: Job-Specific BSA for Deposit Operations
August 18: New Military Lending Act Requirements for Credit Cards, Effective October 3
August 21: Revisiting Your HMDA Policies to Include Comprehensive Changes Effective January 1
August 22: New Compliance Officer Boot Camp
August 23: Vendor Problem Resolution: A Five-Step Approach
August 24: When a Borrower Dies: Next Steps & Best Practices
August 29: Keys to Transitioning from Member Business Lending to Member Business Services
August 30: Regulation E Series: Comparing Regulation E with Visa & MasterCard Rules
September 6: Understanding & Processing IRA Rollovers & Transfers
September 7: Responding to Official Demands for Member Funds
September 11: Preparing for Reg CC Rule Changes Part 1: Impact, Detailed Changes & Action Plan
September 12: Regulator Issues for the Credit Analyst
September 14: Director Series: What Directors Should Know About Risk Management
September 19: Managing & Mitigating Data Breaches: Fraud, Forensics & Incident Response
September 20: Supporting Documentation for the ALLL: Current Rules & Future Expectations Under CECL
September 21: ACH Specialist Series: RDFI Returns: 2 Day vs. 60 Calendar Days
September 26: Financial Literacy for Directors Part 1: Introduction to Key Risk Components
September 27: Step-by-Step SAR Completion: Dos & Don'ts
September 28: Record Retention & Destruction Rules: Compliance & Best Practices 
     
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
Copyright © 2016 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com