Keeping you connected to key credit union news, events, and trends: July 1, 2020
In This Issue
Headline News

Jim Nussle to Address His 'Friends' in Louisiana During PIVOT 2020!
Have you had a chance to see our incredible lineup for PIVOT 2020? In case you missed it, CUNA President/CEO Jim Nussle will be joining us for a special virtual session during the event where he will address the current challenges facing credit unions and how the national association has been working to support credit unions across the country. Nussle will also be taking questions from participants. 

"Now more than ever, it is important that Louisiana credit unions hear from leadership at all levels. We encourage our credit unions to take part in the national conversation and discover better ways we can serve our members at such a pivotal time," commented Bob Gallman, LCUL President/CEO.

The session is scheduled for Thursday, August 6 immediately following the League Annual meeting. Ready to join your 'Friends'? Click here to register today!
Catalyst Corporate FCU Offering 20 Scholarships to PIVOT
Calling all YPN Members: our 'Friends' at Catalyst Corporate FCU are sponsoring twenty YPN members to attend LCUL's PIVOT 2020 for free. Catalyst will be covering the registration fee for the Friday, August 7th education sessions. Click here to view the brochure showcasing all this event will offer.

Want to get in on the action? Get your supervisor's permission and email [email protected]  with the following statement: Yes, I have the permission of my supervisor to enter my name for the YPN Scholarship to PIVOT 2020!

Entries are due by 4:00 pm on Friday, July 17. Random drawing will take place Friday, July 24.
Case Closed: CU System Sees Major Victory as SCOTUS Denies ABA Appeal on FOM Rule
The U.S. Supreme Court denied an appeal from the American Bankers Association (ABA) to void NCUA field of membership (FOM) rule, a decision that marks the end of bankers' nearly four-year battle to undo NCUA's FOM rule finalized in October 2016. CUNA and leagues have long supported the rule and NCUA's authority to provide oversight for the credit union industry.

Click here for complete coverage including statements from national trade associations. 
NCUA to Delay Start of Phased Resumption of Onsite Operations 
NCUA Due to the evolving nature of the COVID-19 pandemic, the National Credit Union Administration is delaying the start of its phased resumption of onsite operations. 

The agency will continue to coordinate offsite examination and supervision efforts with state supervisory authorities. 

Professional Development

BSA Officer Training: Virtual Registration Option Added

The BSA Officer Training scheduled for August 21 is now going to be a hybrid event, giving registrants the option to be in-person at the venue with the presenter or attend virtually. The in-person registration is capacity controlled and will require adherence to social distancing and health safety protocols which will be provided in advance. Virtual registration does require each attendee to have their own connection to be able to view from their own device.  Curious about all the programs details?   Click here.
Video Recording Now Available: Virtual Roundtable Discussing Loan Growth, Collections Post COVID
On June 25, LCUL hosted a free virtual roundtable to help you focus on strategies to re-engage your members, propel your loan growth & profitability.  This session has been recorded and uploaded to the League's website. 
News from CUNA Mutual

June 2020 CU Trends Report Now Available
CUNA Mutual Group's Credit Union Trends Report for June 2020 is now available online and can be accessed in the Resources section of our website, under the heading Performance and Data Resources.

During April, credit unions picked up 41,000 in new memberships and loan and savings balances grew at an 7.2% and 18.7% seasonally-adjusted annualized pace, respectively. Firms laid off 20.7 million workers, nominal consumer spending fell 13.6% and long-term interest rates decreased 21 basis points. Real GDP is expected to contact 30% in the second quarter and rebound 20% in the 3rd quarter, which will ultimately slow credit union lending and membership growth in 2020.
 
For more information, view the complete report here. If you have problems accessing the information or have additional questions about the research and information services provided by the Louisiana Credit Union League, please contact Danielle Thibodeaux at (800) 452-7221, ext. 3018 or [email protected].    
Have You Heard

La Capitol FCU Awarded Forbes' Best In State Credit Union 2020
La Capitol Federal Credit Union has been named by Forbes magazine to their third annual America's Best Credit Unions in Each State list. This award is presented by Forbes and Statista, a world leading statistics portal and industry ranking provider.
 
Forbes Best-In-State Banks and Credit Unions 2020 is comprised of the top banks and credit unions based on the results of independent surveys involving approximately 25,000 U.S. consumers. Participants were asked to rate the financial institutions at which they have or have had checking accounts. Members made recommendations regarding overall satisfaction. They also assessed banks and credit unions in five areas: trust, terms and conditions, branch services, digital services, and financial advice.
 
"La Capitol is honored to be recognized as one of the best credit unions in the nation," said Michael Hooper, President and CEO of La Capitol FCU. "Our staff puts in a lot of hard work every day. It is gratifying to see that our members noticed and said as much on the survey."
 
Financial institutions were scored on overall recommendations and satisfaction, as well as the five subdimensions. Of the 5,236 credit unions nationwide, just 3.5 percent made the list.
 
The entire list can be found at https://www.forbes.com/best-in-state-credit-unions/#727c276a6167
CSE Team Members Earn Financial Counselor Certification
Recently, four employees at CSE Federal Credit Union (CSE) earned a Credit Union Certified Financial Counselor (CUCFC) designation by completing a year-long training program with two proctored online exams; Consumer Lending Supervisor Tammy Peloquin, Jennings Branch Manager Donna Collins, Member Service Supervisor Kyle Witt and Member Solutions Representative Melissa Nugent.
 
CSE is proud to have a total of 17 employees with this achievement, with a grand total of 38 years of certification. CSE commits to having a well-versed staff in this area. The knowledge gained in order to stay current on financial counseling is invaluable when assisting CSE Members.
Quote of the Week:
"I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. "
- Maya Angelou

Educational Calendar

Upcoming Conferences & Seminars from your League:

August 21:  BSA Officer Training

Upcoming Teleconferences & Webinars from your League:
 
July 7: Annual Training for the Branch: BSA, Identity Theft & Regs CC, D, E & Truth in Savings
July 8: Fraud by Channel Type: Check, Debit, Credit, ACH & Wire
July 9: HR Compliance: Lessons Learned from Massive HR Failures
July 13: Audit & COVID-19: A CFO Roadmap
July 14: Completing the TRID Closing Disclosure Line-by-Line
July 15:  Growth & Transformation Series:
Attracting Millennials: The Next Generation of Revenue
July 16:  HMDA:
Still a Four - Letter Word?
July 20:  Regulation E Myth Busters
July 21:  Responding to Garnishment & Levy  Demands
July 22:  Call Report Financial Statements B - E
July 23:  Boards Behaving Badly: Handling Unruly Directors
July 28:  Handling 
Consumer Complaints & Disputes
July 29:  Beneficial Ownership Rules for Business Accounts & Loans
July 30:  Lending to Self
- Employed B orrowers

For a complete listing of educational opportunities available from LCUL, visit the League website.
Copyright © 2019 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com