Keeping you connected to key credit union news, events, and trends: October 30, 2019
In This Issue
Headline News

Gallman Named 2019 New Orleans CityBusiness 'Money Maker'
LCUL is proud to announce that Bob Gallman, President/CEO, joined the 2019 class of New Orleans CityBusiness Money Makers honorees.
 
Each year, New Orleans CityBusiness selects individuals to be recognized for achievements in their respective industries as well as their community impact. Honoree's accomplishments have not only set the pace for their organization, but the region as a whole.

"We are excited to see Bob recognized as a Money Makers honoree this year," said Sidney Parfait, LCUL Board Chairman. "Bob is an incredible asset to the credit union community in Louisiana and we are fortunate to have him leading the state trade association, ensuring the movement continues to thrive throughout the state."
 
Gallman was honored at a luncheon on Thursday October 17 at The Ritz-Carlton New Orleans with a featured interview published in the October 26 issue of CityBusiness.
Are You Helping Your Members Grow Their Savings AND Saving Money?
Almost half of Louisiana residents do not have enough money in their savings to cover if they have an emergency. We see this every day in our credit unions, that savings is not a top priority for our members. Alternatively, people are continuing to spend money on lottery tickets with the dream of winning big.

What if you could bring a product to your credit union that allows a member to save while earning a chance to win money? The Lucky Lagniappe Savings account is that product. As members deposit $20 into their Lucy Lagniappe account, they earn one entry into the monthly, quarterly, and annual prize drawings. Your member could be the lucky winner of the $5,000 annual prize! From now until November 30 Louisiana credit unions have the opportunity to enroll to offer this product to their members.

For information on the program visit the League's website or contact Angela Melle.
Professional Development

If You Offer IRA's To You Members, You Can't Miss this Training! 
Train in Jackson Mississippi with the name that's synonymous with IRAs, Ascensus! Pick one day or both to customize the level of training you need.

In IRA Essentials on November 20th attendees gain a solid foundation of IRA knowledge through exercises designed to help them apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence.
 
Advanced IRAs on November 21st builds upon basic IRA knowledge to address more complex IRA issues that may arise. The instructor will assume previous IRA knowledge and use real-world exercises to help participants apply information to job-related situations.
 
Note: You will be re-directed to MSCUA's website for registration.  
Have you Heard?

Louisiana FCU Raises Funds, Awareness for Cancer Research
Louisiana FCU employees dawned all pink at their annual Sweet Soiree fundraiser to support the American Cancer Society (ACS) on October 17. In less than two hours, the credit union raised more than $7,380 to benefit ACS' mission to fight for a world without cancer.

"The success of this event is all thanks to our passionate staff," said Rhonda Hotard, President/CEO of Louisiana FCU. "Sweet Soiree is one of our most anticipated events of the year. This is such an important cause, and one we're proud to support. Every person knows someone who has been touched by cancer, so it's great that we can come together and help drive the research forward."

Sweet Soiree featured a 50/50 raffle and a live auction featuring bid items generously donated by credit union employees. The auction historically consists of sweet confections like cakes, truffles, fudge and other baked goods. However, those watching their waistline also had a chance to bid on items such as cosmetics, jewelry, tailgate kits, electronics and more.

Southwest Louisiana CU Fall Training Day Yields Loads of Fun
Southwest Louisiana CU enjoyed a day of  learning and education at their first annual Fall employee training day on October 14th.  CEO, Chad Miller facilitated the day with interactive presentations on the history of the credit union movement, the birth of Southwest Louisiana CU and provided the staff with exciting new details about what's on the horizon for employees and members of Southwest.

Staff enjoyed lunch along with fun games throughout the day as team building activities and engagement tools. Several staff noted called the Fall training as "informative and full of energy".

Campus Federal Sponsors 5th Annual Kelsey Bradley Favrot Memorial 5k Race
Campus Federal sponsored the 5th Annual Kelsey Bradley Favrot Memorial 5K Run/Walk at Audubon Park Shelter in New Orleans to raise funds for the Brain Tumor Center at the LSU Department of Neurosurgery.

In the five years since it began, the 5K Run/Walk has raised over a quarter of a million dollars to expand neuro-oncology care at LSU Health New Orleans Department of Neurosurgery. Proceeds from the 5th annual race will assist with current recruiting efforts to hire a pediatric neuro-oncologist so children diagnosed with brain tumors and their families can receive the specialized care they need here at home.
Pelican State CU Hosts Free Home Buying Workshop in Monroe
Pelican State CU hosted a free Home Buying Workshop in Monroe, Louisiana, at the Ouachita Parish Library's Louise Williams Branch on Thursday, October 17, 2019. 35 members of the Monroe community learned the ins and outs of financing a home, tips for before and after purchasing a home, and much more!
 
Nationally Certified Credit Counselor Lisa Fuller presented on "Owning the Home Buying Process" to all of the attendees. Mortgage Originator Chris Neal represented Pelican and answered all mortgage-related questions. Local realtor Torinisha Adegbokun was also there as a resource for guests as well.
 
The event was free and open to the public, and Pelican also provided a free jambalaya dinner and dessert for all guests.
Quote of the Week:
"If you want to live a happy life, tie it to a goal, not to people or things."
- Albert Einstein

Educational Calendar
Upcoming Conferences & Seminars from your League:

November 7: Financial Counseling Next Steps
November 20-21: IRA Essentials/Advanced with Ascencus

Upcoming Teleconferences & Webinars from your League:
   
October 30:  1099 Reporting: Foreclosures, Repossessions & Debt Settlements
October  31:  New BSA Officer Training Part 2: 
Reviews, SARs, CDD, Technical Aspects & Real-Life Scenarios
November 5:  Year-End Compliance Checklist  
November 6:  Top 10 Compliance Mistakes in Advertising  
November 7:  Understanding & Navigating ACH Rules for ODFIs  
November 12:  Reg E Series: Provisional Credit Under Reg E: Rules, Best Practices
November 13:  Closing or Changing Accounts for Consumers & Businesses  
November 14:  Mortgage Lending Series: Uniform Residential Loan Application (URLA) Line-by-Line, Required February 1, 2020
November 19: When a Borrower Dies: Rules, Procedures & Liabilities  
November 20: Robbery Preparedness: Meeting Your Annual Compliance Requirement  
November 21: BSA Special Risks: Policy, Law Enforcement & Regulator Issues  
                        
For a complete listing of educational opportunities available from LCUL, visit the League website.
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(800) 452-7221   www.lcul.com