Keeping you connected to key credit union news, events, and trends: August 2, 2017
In This Issue
Headline News

Louisiana Credit Union League CEO Anne Cochran to Retire in 2018 
After decades of exemplary service to the credit union movement in the state of Louisiana and across the globe, Louisiana Credit Union League (LCUL) Chief Executive Officer Anne Cochran announced her intent to retire at the end of the League's current fiscal year. Cochran made the announcement during the closing ceremony of LCUL's Annual Meeting & Convention on Saturday, July 29.
 
A native of Dublin, Ireland, Cochran's career in the credit union movement spans more than 40 years. She began her career with LCUL at the lowest point in the association's history. Today, the Louisiana CU League remains strong with more than $4 million in reserves and a 92 percent affiliation rate.
 
"Anne came to the Louisiana League at a critical time for our movement. The League was fighting for survival. Because of her passion, knowledge and leadership, the League has emerged as a financially sound organization and one of the most respected trade associations," said LCUL Board Chairman Glen Beard. "It has been an honor and a privilege to work side by side with such an influential force in the movement."
 
"From the moment my credit union journey began, I knew I had found my calling. As time went by, it became a significant part of who I am. I am extremely humbled by the opportunities I was afforded and the experiences it created. Most importantly, I'm eternally grateful for the relationships that were formed. We've built something special here in Louisiana and I'm proud of what we've done together. Thank you for allowing me stand by your side in fighting the good fight all these years. While I look forward to spending more time with my grandchildren, I will forever hold my credit union family near and dear to my heart," commented Cochran.
 
The board of directors will conduct a national search for a candidate that will continue Cochran's legacy of success.
 
Click here to view the full press release. 
That's a Wrap! Curtain Closes on LCUL's 2017 Annual Meeting & Convention; Attendees Encouraged to Provide Feedback
On behalf of everyone at the League, we want to say that you ROCK. We hope you enjoyed LCUL's Convention last week and came back fired up with new ideas to serve your members like rock stars.
 
Please remember to share your feedback with us by completing our online evaluation for your chance to win a $100 Visa Gift card.  We take these results and your feedback very seriously. In fact, the agenda this year contained many sweeping changes which were made  in large part from your comments and suggestions on evaluations from prior years. 
 
Stay tuned for LCUL's next issue of Membership@Work for complete coverage of the event. 

7 Inducted into the Louisiana Hall of Fame 
The Louisiana Credit Union League inducted seven individuals into the Louisiana Credit Union Hall of Fame last Thursday during the opening ceremonies of the 2017 Annual Meeting and Convention. This program has been established in order to recognize the valuable leadership, commitment, dedication, and contributions of credit union professionals and volunteers throughout the state.
 
The 2017 inductees recognized during the opening ceremonies are:
  1. Jerry Caillier, Lafayette Schools FCU
  2. Tom Conner, Southwest FCU
  3. Jeff Conrad, Pelican State CU
  4. Joyce Finicle, UNO FCU
  5. Cheryl N. Ray, Heart of Louisiana CU
  6. Frances Skiffington, UNO FCU
  7. Hunter Wagner, St. Tammany FCU
A $500 donation on behalf of the inductee will be made to the Louisiana Credit Union Foundation. The donation will help foster educational programs for credit unions as well as monetary support sufficient to provide resources to Louisiana credit unions during times of natural disasters. The Hall of Fame program has raised more than $47,000 for the Louisiana Foundation since its inception.

Click here for a complete listing of Louisiana Credit Union Hall of Fame Inductees to date.
Professional Development

Register Today for LCUL's New Laws & Compliance Conference at L'Auberge
new lawsAugust 22 - 23, Baton Rouge
 
Register now to join LCUL for the latest updates on the many facets of compliance and regulatory changes heading our way. 
 
Topics to be covered include:
  • Changes to Reg CC and HMDA
  • Military Lending Act Update
  • Customer Due Diligence
  • Cyber Security Mandates
  • State updates
  • Roundtable discussions with your compliance peers! 
Click here for full agenda and details plus reservation information for LCUL's room block at L'Auberge.
 
Accounting Basics for Credit Union 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 peers.  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. 

 Learn from someone who does the same daily 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 Manual 
  • 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 
For more information, click here!
Shared Branching

Co-Op Shared Branch Network Passes Chase,

Takes No. 2 Spot Among Consumer Financial Institutions
shared branching logo
More Than 1,800 Different Credit Unions Unite to Form Seamless and Secure Cooperative for In-branch Personal Banking 

The CO-OP Shared Branch network has passed Chase in number of branch offices, making the credit union cooperative the second largest network of financial institution branches in the country.
 
CO-OP Shared Branch now totals 5,671 physical locations. No. 3 Chase has 5,567 branches as of July 18, according to FDIC figures. The credit union network added more than 400 branches during the past two years, when CO-OP Shared Branch surpassed Bank of America. The network is less than 500 locations away from No. 1 Wells Fargo, which has 6,150 branches.
 
Have You Heard?

La Capitol FCU Announces Winner of Green Egg Giveaway
La Capitol FCU announces that Kris Wilkerson of Alexandria, LA, is the winner of its Big Green Egg Giveaway. Anyone who submitted a home loan application during the promotion period, March 1st - June 30th, was entered into the drawing. The prize, valued at $1,100, was awarded to Mr. Wilkerson by La Cap Branch Supervisor Brittany Lundy, whose assistance was key to the submission of his home loan application and subsequent entry into the giveaway.
 
La Cap's Big Green Egg Giveaway campaign was promoted through multiple channels, including: email communications, on the front page of its 2nd quarter newsletter, via postcards mailed statewide to both members and non-members, on lacapfcu.org, within its Online Banking and mobile app platforms, and in-branch via posters, inserts, candy-filled plastic green eggs distributed to members at teller windows, and through 5'4" standee cutouts that were displayed in branch lobbies for maximum visibility.
 
 
Quote of the Week:
"Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results."
- Andrew Carnegie
Educational Calendar
Upcoming Conferences & Seminars from your League:    

August 22 - 23: 2017 New Laws and Compliance Workshop
 
Upcoming Teleconferences & Webinars from your League

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".
  
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824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com