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
June 7 meeting at League about supporting Donnelly Campaign - register by June 1
On May 18, League President John McKenzie and Senior VP Governmental Affairs Chris Beaumont sent information about a meeting at the League where information will be presented by CUNA senior management regarding partisan communications by CUs to help the Donnelly Campaign . Read it here.
Additional update on reg relief legislation efforts
On May 17, League President John McKenzie and Senior VP Governmental Affairs Chris Beaumont sent a message with updates about S. 2155 and HR 5288, which both fall under the overall umbrella of reg relief. Read it here.
Reports indicate House will most likely vote on S. 2155 next Tuesday
On May 15, League President John McKenzie and Senior VP Governmental Affairs Chris Beaumont sent a message that the House will likely vote on the reg relief bill benefiting CUs, S. 2155, on May 22. Read it here.
Updates--S. 2155 reg relief / Meeting with Rep. Banks / IN CU Hall of Fame / Financial Center First CU
On May 14, League President John McKenzie and Senior VP Governmental Affairs Chris Beaumont shared information about a number of topics currently of interest to Indiana's CUs. Read it here.
Regulatory/Compliance Updates
Regulatory Update, 5-14-2018, Weekly Regulatory Advocacy Report
On May 14, 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
Whether you are new to BSA or you are just in need of training to fulfill your required training “pillar of compliance” specific to your duties as BSA officer, this training, presented by Mary-Lou Heighes, president and founder of Compliance Plus, Inc., will provide you with the information you need to help strengthen your BSA/AML compliance program.
This fast-paced seminar, led by Mary-Lou Heighes, president and founder of Compliance Plus, Inc., provides a look at laws and regulations – from an operational standpoint. From membership requirements to checking accounts and consumer loans, you will learn the why, how and when each law and regulation comes into play. Confused by marketing rules? You’ll learn those too. BSA compliance, check holds, check liability and share insurance are just a few of the rules that we will discuss.
This dues-supported roundtable will include open discussions on ADA compliance and what you should know, the FFIEC Cybersecurity assessment and submitted topics.
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 April 2018 report, which is based on February data, can be found here .
 
Highlights of the report include:
 
  • Credit union loan balances rose 0.5% in February, faster than the 0.2% pace reported in February 2017, and 10.4% during the last 12 months.
  • Total credit union assets rose 1.5% in February, below the 1.6% gain reported in February of 2017. 
  • As of February 2018, CUNA estimates 5,757 credit unions are in operation, down 240 from February 2017.
 
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.

BSA/AML Beneficial Owner Rule now in effect

With the effective date of May 11, 2018, the BSA/AML Beneficial Owner rules took effect. This has added a “5 th Pillar” to BSA/AML enforcement. Makayla Denton of League business partner AdvisX addresses this new 5 th Pillar in a video available here . This video provides what you need to know about the 5th Pillar and Beneficial Ownership in five minutes or less. If you have questions regarding this topic, contact Dave Hawkins at davidh@icul.org .
Indiana Credit Union League