League Link is an electronic communications service from the Indiana Credit Union League and is sent regularly to Managers/CEOs of affiliated credit unions. It contains a variety of information on activities at the League and a summary of important messages that have been sent by the League. Many of the items here contain links to the League's website. We encourage you to share League Link, or selected content, with your staff and officials as appropriate. An archive of messages from the League to credit union managers/CEOs can be found here .
 
Some of this content is password-protected. If you don't have a password or if you have forgotten yours, click on the tan "Log In" button in upper right corner of the site; a box will open. Click on the blue wording to get your password.
General News and Messages
Update on share insurance fund dividend and League comment letter to CFPB
On June 21, League President John McKenzie and SVP League Services and Regulatory Analysis Joe Guilfoy passed along an update regarding the upcoming NCUA share insurance fund dividend and a copy of the comment letter the League recently submitted to the Consumer Financial Protection Bureau. Read it here.
League and CUs hosted Latin American CU group on June 11-13
On June 21, League President John McKenzie shared a news release about the League hosting a group of 24 Latin American credit union representatives who visited Indiana and several credit unions last week. Read it here.
Former NCUA board member Rodney Hood nominated to serve again
On June 18, League President John McKenzie sent a message that President Trump has nominated former NCUA board member Rodney Hood to serve again on the board . Read it here.
Regulatory/Compliance Updates
Regulatory Update, 6-21-2018, Summary of NCUA Board Meeting
On June 21, Senior Consultant, Director of Regulatory Analysis Dave Hawkins sent a Regulatory Update which provided a summary of the actions taken by the NCUA board at the most recent meeting. Read it here.
Regulatory Update, 6-18-2018, Weekly Regulatory Advocacy Report
On June 18, Senior Consultant Tim Pierce and Senior Consultant, Director of Regulatory Analysis Dave Hawkins sent a Regulatory Update which provided information on a number of recent regulatory and advocacy topics. Read it here.
Upcoming Meetings and Education Sessions
This webinar, led by SVP, League Services and Regulatory Analysis Joe Guilfoy, will provide an overview of the primary responsibilities of the Supervisory Committee and the recent points of emphasis from the regulator.
This session, presented by Terry Brumley of Whitinger & Company's Financial Services Group, will discuss these expectations and provide details on how to begin now to have the data and processes in place to implement CECL calculations when required.
This year, the League is hosting its annual Volunteers/Officials Leadership Conference jointly with the Kentucky Credit Union League’s Volunteer Leadership Conference. This “Partners in Progress” event will include a full agenda of speakers who will cover topics for the benefit of credit union board members and volunteers. You will come away knowing more about overcoming challenges and recognizing opportunities for your credit union.
Foundation News
Indiana Credit Union Foundation 16th Annual 18-Hole Event
Registrations are now being accepted for golfers and sponsors for the Indiana Credit Union Foundation 18-Hole Event golf outings scheduled for July 10, 2018, at Smock Golf Course in Indianapolis, IN, and July 19, 2018, at Swan Lake Resort in Plymouth, IN. The golf outings start with a shotgun start, with lunch/dinner immediately following. Sponsorships for the overall events, meals, and contest holes are available, as well as additional hole sponsorships. Get details for golfers, remaining sponsorships available and register to attend here.  
Chapter News
Upcoming Chapter Meetings
Several chapters have meetings or events planned in the weeks ahead. Visit the League calendar to find information about your chapter.
Featured Products
Credit Union Trends Report

CUNA Mutual Group provides a Credit Union Trends Report each month, containing the latest information on the state of credit union lending, membership and assets. The Executive Summary of the May 2018 report, which is based on March data can be found here.
 
  • Credit union loan balances rose over the $1 trillion milestone in March, doubling the $500 billion set back in August 2006.
  • Credit union loan balances rose 1.1% in March, faster than the 0.9% pace reported in March 2017.  
  • During the last 12 months, the number of credit unions fell by 246, slightly above the 222-annual decline set one year ago.
 
Servicecorp's partnership with CUNA Mutual Group and other third-party vendors enables credit unions to receive favorable pricing and other benefits on many products and services.
CU Policy Pro

One area that credit unions consistently told us was very time consuming and challenging to keep up to date with is policy development and management. To assist with this, in 2012 the League added as a dues-supported service CU PolicyPro , an online policy management system to assist credit unions with maintaining and developing the various policies required by regulation. CU PolicyPro includes over 200 model policies to assist credit unions in reviewing existing policies or developing new ones. Credit unions also have the option of uploading existing policies to CU PolicyPro to create a complete offsite backup of all of the policies. To find out more, email joeg@icul.org or call (800) 285-5300, ext. 5313. 
Indiana Credit Union League