Keeping you connected to key credit union news, events, and trends: October 31, 2018
In This Issue
Headline News

LCUL President/CEO Responds to Recent LBA Attack on Credit Unions
On October 10, Biz Magazine published an op-ed by Robert Taylor, CEO of the Louisiana Bankers Association (LBA), titled 'Congress needs to stop corporate welfare and have credit unions pay their fair share', urging congress to tax credit unions. Yesterday, LCUL's response to Taylor's op-ed was published.
 
In our response, LCUL President/CEO Bob Gallman reminded readers that credit unions do pay federal, state and local taxes like any business, such as employment and property taxes. Credit unions are exempt from paying corporate taxes because earnings are returned to members, who are taxpayers themselves. Additionally, credit unions exist to help people, not make a profit. Building personal relationships and maintaining exceptional service is our top priority, and our members are fiercely loyal for this reason.
 
Click here to read LCUL's response. We encourage credit unions to share the article at chapter meetings and with your staff. 

Recording Now Available of CUNA's RDC Litigation Webinar
CUNA members can now access a free recording of a webinar outlining the latest development in patent litigation brought against several credit unions involving remote deposit capture (RDC) technology. The live version of the webinar hit capacity, with 1,000 credit unions registering to attend.
Click here to continue reading. 
November's 'Pre-Fab Marketing Toolkit' Focuses on #RetirementPlanning; Highlights Over $1.2 Million in Earned Media
LCUL distributed November's 'Pre-Fab Marketing Toolkit', focusing on the importance of retirement planning. This resource provides ready-to-go content to help increase member engagement via your communication channels (newsletters, websites, blogs, social media, etc).
 
Additionally, we pull media clippings of Louisiana credit unions in the news to help spark media outreach ideas. Collectively, credit unions received an estimated $1,226,497 in earned media in October, which was record setting. Here are just a few of the media mentions:
To help maximize this resource or to start receiving the monthly toolkit, reach out to Lacey H. Weaver, VP of Communications & Public Relations. 
FBI Crime Day Set for November 15
FBI ePayResources is bringing the FBI Crime Day Conference to New Orleans. This event is designed specifically for financial institution fraud and security decision makers, compliance officers and law enforcement officials in the Criminal Intelligence and White-Collar Crime Departments.
 
Come network with the FBI and hear about the latest scams, threats, and issues facing financial institutions.  By attending the FBI Crime Day Conference you will learn about:
  • Gaming - Louisiana State Police, Bureau of Investigation
  • Human Trafficking Overview-FBI New Orleans Division
  • Hostage Negotiation Overview-FBI New Orleans Division
  • Insider Trading-FBI Baton Rouge & FBI New Orleans Divisions
  • Cyber Crime Overview-FBI New Orleans Division
  • Investigations-Prosecutor's Perspective-US Attorney's Office 
Location:  Harrah's New Orleans Hotel ( 228 Poydras St.)

Time/date:  November 15 from  8:00AM - 4:00PM

Cost:  Member: $245,  Non-Member: $495 

Click here to register for the event.
Professional Development

Education Programs You Can't Miss Out On
The year may be winding down, but the education department isn't done quite yet. We have more trainings to help your credit union succeed:
  • As you are setting strategic planning goals for 2019, you'll want to have a strong understanding of the current state of your credit union.  By knowing how to calculate and interpret just 5 of the most relevant ratios you'll know how to customize goals for growth and success.   Click here to join us November 7 while limited seats remain.  
  • If you're offering Individual Retirement Accounts to your members, you can't afford to miss this one day update to product changes, compliance issues and more.  When you leave this course, you'll be armed with the latest full 700+ page IRA Handbook to research the right answer.  Click here to join us November 13 for the last IRA training available in Louisiana until 2020!
  • Registration is now open for the 2019 Certified Financial Counseling Program.  This wildly successful program gives you the tools to help your members get on the track to better financial health.  Click here to learn more about the FiCEP Class of 2019 which starts in January.

Still don't see what you're looking for?  Check out our year round webinar series with over 125 webinars available in 13 topic categories.  
Pelican Politics

LCUL Coordinates Special Roundtable with LOFI Officials and Louisiana CUs
To ensure our credit unions are represented and protected at all levels, LCUL encourages state charted credit unions to attend a special roundtable discussion with Louisiana Office of Financial Institutions (LOFI) Officials on November 16 from 10:00 - 2:00 at Sno's Seafood (13131 Airline Hwy, Gonzales).
 
The League arranged this meeting so that Louisiana credit unions have the opportunity to discuss the financial landscape in Louisiana, share their experiences, and express their thoughts/concerns . Please be sure to RSVP to Angela Gervais no later than November 12. 
Credit Unions Meet with U.S. Representative and Credit Union Friend Ralph Abraham in Monroe
LCUL arranged a special meet and greet in Monroe for Congressman Ralph Abraham on Monday, October 22 at Centric FCU. Local area credit unions and volunteers spoke on the cooperative nature within the movement and the many ways we help serve members of the community.
 
Voting in favor of S2155 and HR5515, Abraham is a strong supporter of the movement and what we represent. As we discussed budget, regulations, and more, he said he would be there to help credit unions should issues of importance arise.
 
Congressman Ralph Abraham, M.D.Ralph Abraham, M.D., was first elected to represent Louisiana's 5th District in December 2014 and reelected to a second term in November 2016. The 5th District is the largest in terms of area in the state, spanning 24 parishes across most of Northeast and Central Louisiana and parts of five Florida parishes in the state's southern "boot." This is his first publicly held office after spending most of his life as a practicing physician, veterinarian, business owner, farmer, pilot and veteran.


Products & Services

Is It Time to Make the Leap to a New, Better Core Processor? 6 W ays an Expert Negotiator Can Impact Results
jmfa The days of floppy disks, dial-up modems and VHS tapes have come and gone, and we've moved on to ever-more advanced technology. Yet many community banks and credit unions still cling to their outdated core processing software. What gives?
 
Due to a number of factors, many financial institutions may be using core software purchased 20 to 30 years ago. To keep up with changing technology and ways of doing business, a Band-Aid solution has been to layer "ancillary" products on top of it, like online and mobile banking software. But this creates a muddled IT situation that makes it difficult to manage, launch new products and keep up with regulations.
 
Is that really the best way to go about business for your institution or your account holders?

Click here to continue reading.

Have you Heard?

Campus Federal Leads Workshops at Annual Financial Education Boot Camp For Educators
The Louisiana Jumpstart Coalition for Personal Finance recently held its 9th annual Financial Education Boot Camp for Educators in two locations, Baton Rouge and Alexandria. The Jumpstart Coalition is a national financial literacy organization comprised of financial institutions, non-profits, faith-based groups and more with the purpose of promoting financial literacy across the nation. The Louisiana Jumpstart Coalition is made up of over 50 partners, including Campus Federal, and hosts a number of events throughout the year at schools and businesses.
 
The Financial Education Boot Camp for Educators was created to build the capacity of educators to deliver high quality literacy to youth and adults; provide the latest resources to inform students and adults on ways their individual choices directly influent their occupational goals and future earnings potential; and provide a foundational understanding for making informed personal finance decisions.
 
Campus Federal presented financial education resources and facilitated workshops at the two Boot Camps. The Baton Rouge event was held at the East Baton Rouge Parish School Professional Development Center with just over 50 educators attending. The same conference was held at LSU Alexandria for educators in central Louisiana with more than 75 educators in attendance. 


Quote of the Week:
"If you only think about your own advancement, your own success, you run out of fuel pretty quickly. But if we believe in something bigger than ourselves, that kind of motivation is self-sustaining."
- Elaine Chao,  U.S. Secretary of Transportation

Educational Calendar
Upcoming Conferences & Seminars from your League:

November 7: Understanding Key Ratios
November 13: IRA Update

Upcoming Teleconferences & Webinars from your League:

November 1: Form 1099 Reporting
November 6: ACH Liabilities & Warranties for ODFIs: Reducing Your Exposure
November 7: Proper Repossession, Notice & Sale of Non-Real Estate Collateral
November 8: Lending to Churches & Other Nonprofit Organizations
November 13: Mortgage Lender Training Part 3
November 14: Robbery Preparedness: Requirements & Proven Strategies
November 15: Member Business Lending: Risks, Rewards, Controls & Common Mistakes
November 27: Your Borrower Has Died: Actions to Take, Mistakes to Avoid
November 28: Top 10 IRA Rollover Mistakes
November 29: Managing & Mitigating Card-Not-Present Fraud

For a complete listing of educational opportunities available from LCUL, visit the League website.
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(800) 452-7221   www.lcul.com