Keeping you connected to key credit union news, events, and trends: January 9, 2019
In This Issue
Headline News

LCUL Shares Results of Financial Literacy Survey

LCUL recently conducted a survey to collect data and information to show legislators and community leaders the extent to which credit unions advance financial literacy and decision-making.  These results will provide us with fuel for public awareness, advocacy, and related outreach efforts, particularly as we approach the state/national Governmental Affairs Conferences.
 
Approximately 43% of credit unions responded to the survey with the majority falling in the 100 million and above asset range. Based on survey responses, here are few statistics gathered:
  •  72% of survey participants offer or helped offer sessions for either adult members/non-members on topics related to financial literacy.
  • 62% of survey participants have someone on staff that has completed the FiCEP program and earned their Certified CU Financial Counselors (CCUFC) designation
  • 21% of survey participants make presentations to students (under age 18) either in the classroom or in the community.
  • 42% of survey participants award scholarships to students in their community
  • Credit Unions awarded over $100,000 in scholarships to students in their community in 2018.
  • 24% of survey participants offer a second chance checking account, while 42% offer a flexible small dollar loan to consumers for emergency cash needs.
We have designed a complimentary piece that shares results, outlines survey participant's initiatives and best practices. This visual will help us to quantify your efforts so we can share credit unions' overall impact with those who rely on numbers to measure success.
Can't Miss Event: It's Time for Your CU to Create Preference, Deliver Excellence & Sustain Relevance
February 6 & 7, Baton Rouge
 
Is 2019 your credit union's time to grow?  It should be! Jeff Rendel will share the secrets, tips and strategies that credit unions of all sizes and markets are using to building wallet share, mind share, and market share.

In this brief video, you'll hear from Jeff himself about what you will learn. This program prepares you to focus on both member facing elements and strategic internal elements. You  can't afford for your team to miss out on this action based workshop.   Click here for more information.
Last Chance: LCUL Hosting Special Lunch & Learn in Conjunction with Committee Workshop
January 15, Lafayette
11:30 am - 1:00 pm
 
We know it's not always easy to function effectively as a committee, especially in the modern age where meetings are often held through remote channels like emails, conference calls or video chats.

Join LCUL and business performance coach, Julie Couret for this Lunch & Learn to hear tips and best practices for:
  • Pre planning and project management for long term goals
  • Completing on-going tasks
  • Streamlining internal committee communications
  • Concise external reporting of committee progress
Your educational investment is only $40 per person.  Click here for more information.

This lunch and learn is open to affiliated credit unions and is being held in conjunction with our inaugural committee workshop. For more information on the committee workshop, please contact LCUL's Member Engagement Team today.
3rd Quarter LA Credit Union Profiles & Milestones Report Available on LCUL Website
LCUL works with CUNA 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 3rd Quarter of 2018 have been posted to the League's website.  Click here to access the reports directly.
Professional Development

Education CU Council Conference Coming to New Orleans!
 
The Education Credit Union Council is the national community of credit unions who serve schools, universities, and educational SEG groups.  The credit unions that form this council uphold education and financial literacy for members and the surrounding community as a mission, purpose and strategic business focus.    
 
Their national meeting is being held at the Monteleone Hotel in New Orleans from February 11 - 13th and they are extending a special discounted rate for any Louisiana Credit Union wishing to attend.      
 
Louisiana Credit Unions may use the following Coupon Code:  ECUCinNOLA  (case sensitive!) to qualify for discounted rates below:
  • Full 3 Day Conference Registration:  $995 per person
  • Monday only or Tuesday Only:  $395 per person
  • Wednesday only:  $295 per person
To see the full agenda, speaker lineup, and access registation link, click here:  https://ecuc.org/NewOrleans-2019 
Transaction Talk

LCUL Joins Forces with CULIANCE to Offer Free EFT Training
The Louisiana Credit Union League, in conjunction with CULIANCE, is pleased to offer Louisiana credit unions the following free webinars to learn more about EFT:

EFT 101 - Traveling the EFT Highway
January 17, 9:00 a.m.
Learn the roadmap of ATM and POS transactions on the intricate network of highways established in the U.S. Payments system.  EFT 101 will provide a foundational understanding of routing options.
 
EFT 201 - Demystifying EFT Income and Expense
January 24, 9:00 a.m.
Learn the economics of the EFT Highway and how to optimize the credit union's income/expense ratios in a regulated environment driven by the unpredictability of your member's Debit Card behavior.  EFT 201 is designed to provide insight for evaluation purposes.

There is no charge to attend the webinars. Each webinar requires separate registration. A link to the webinar and login instructions will be emailed to registrants a few days prior to the webinar broadcast date.

To register, simply email [email protected]. 

Your instructor: Marsha Earle
With over 23 years in the credit union industry, Marsha has spent the last 10+ years at CULIANCE working with credit unions all over the country, of all asset sizes, focused on helping credit unions optimize their ATM & POS portfolios and sharing her EFT expertise.  She provides consultative guidance and support to address her client's current and future needs while collaborating with her administration team to ensure the highest level of quality service.

Business Solutions

New Year, New Brand for Catalyst Corporate
Catalyst Corporate FCU is starting the new year with a new look. Catalyst Corporate is unveiling a new logo - one that places an emphasis on core capabilities it provides credit unions: collaboration, aggregation, integration and innovation.

Click here to continue reading.
News from CUNA Mutual

December 2018 CU Trends Report Now Available
CUNA Mutual Group's CU Trends Report for December 2018 is now available online and can be accessed on the League's website.

During October, credit unions picked-up 284,000 in new memberships and loan balances grew at a 9.7% seasonally adjusted annualized pace while savings balances rose at a 7% annualized pace. Firms hired 237,000 workers, nominal consumer spending increased 0.6%, and long-term interest rates increased 22 basis points. Third quarter economic growth came in at 3.5% and grew 3% from the third quarter of 2017.
 
For more information, view the complete report here . If you have problems accessing the information or have additional questions, please contact Jason Swint at (800) 452-7221, ext. 30 20 or [email protected] .
Have you Heard?

La Capitol FCU Announces Addition of Jaqueline Wilfong as VP of Sales
La Capitol FCU announces the addition of new Vice President of Sales, Jaqueline Wilfong. With 20 years experience in sales and public relations, Wilfong brings valuable experience and leadership to the sales team.
 
Wilfong comes to La Cap after 18 years at Enterprise Holding. During that time, she worked with credit unions to train employees on best practices for car loans.
 
Wilfong also is an executive director on The John Maxwell Team. In that capacity, she is certified to facilitate, speak, train and coach individuals and groups in the areas of leadership development, professional skills and personal growth. 
Pelican State CU's Mystery Giveaway Gets Big Reaction; Announces Winners on January 11
Pelican State CU gave thousands of dollars worth of gifts to Facebook fans as part of its Christmas Mystery Giveaway. Gifts include an Acer Chromebook, Beats by Dre Headphones, a Nintendo Switch Bundle and more! Each day from December 13 through December 24, Pelican posted a picture of the WRAPPED gift and a holiday-centered question for fans to answer, such as "If you could be a character in any holiday movie, who would it be?" 
 
Approx. 11,256 people reacted to, commented on and shared Pelican's  mystery  posts! Watch as  Pelican  announce s  the winners and  UNWRAPS  the   mystery prizes at  11 am  on Friday, January 11, via its Facebook page: facebook.com/PelicanStateCreditUnion.
Quote of the Week:
"There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self."
- Ernest Hemingway

Educational Calendar
Upcoming Conferences & Seminars from your League:

January 14-15: Committee Workshop/Lunch & Learn
February 6-7: CUs on the Grow: Create Preference, Deliver Excellence, Sustain Relevance
March 10-14: CUNA GAC

Upcoming Teleconferences & Webinars from your League:

January 9: Record Retention & Destruction Rules: Paper & Electronic
January 10: Regulator Issues & Update for the Credit Analyst
January 14: IRA & HSA 2019 Update, Including Tax Reform Considerations
January 15: FFIEC Exam Procedures for Business Continuity
January 16: 2018 HMDA Submission Due March 1, Part 1: Identifying Reportable Loans, Data Integrity & FIG Analysis
January 22: Successful Skip Tracing Techniques for Locating Borrowers & Recovering Collateral  
January 23: Determining Cash Flow from Personal Tax Returns After 2018 Tax Reform Part 1: Schedules A, B & C  
January 24: 2018 HMDA Submission Due March 1, 2019, Part 2: Requirements, Clearing Edits, Exempt Fields & More
January 29: Real Estate Loan Collection Rules for Lenders & Mortgage Servicers
January 30: Analyzing Financial Statements for the Credit Analyst
January 31: Frontline Fraud Prevention: Stopping Fraud at the Teller Line

For a complete listing of educational opportunities available from LCUL, visit the League website.
Copyright © 2018 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com