Keeping you connected to key credit union news and trends: December 2, 2020 |
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Hauptman Confirmed to NCUA Board |
Moments ago, the U.S. Senate voted 56-39 to confirm Kyle Hauptman to the National Credit Union Adminsitration (NCUA) Board. Hauptman was nominated by President Donald Trump to the NCUA Board in June. His nomination faced uncertainty as the Presidential Election played out, but today, he officially became a member of the NCUA Board. Mr. Hauptman replaces former Board Member Mark McWatters who resigned from the Board two weeks ago. |
LCUL Welcomes Abby Trauth as Newest Team Member |
LCUL is excited to announce that Abby Trauth has joined the team as Director of Business Partnerships and Advocacy. Aside from providing support for Advocacy and Business Solutions, she will also be responsible for areas of Shared Branching such as organizing trainings and user meeting events.
"We are very excited to add Abby to our already highly dynamic team. Not only will she bring a tighter focus on business partnerships and advocacy efforts, but I'm confident she will also contribute to our tradition of providing quality service to Louisiana credit unions," commented Bob Gallman, LCUL President/CEO.
Abby received a Bachelor of Arts from Louisiana State University and a Master of Science, Hospitality and Tourism Management from the University of New Orleans.
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2021 ID Checking Guides Now Available for Order |
Every time an employee asks “May I see some ID?”, it’s an opportunity to cut your losses through credit union fraud prevention. In ID verification, and especially out-of-state ID, you need good information to make the right decisions. LCUL is pleased to offer your credit union discounted copies of the 2021 I.D. Checking Guide.
Many credit unions order a supply for each branch office as Credit Union Shared Branch outlets are required to have one of these guides at each outlet location. The League is ordering copies of the guide in bulk and passing that volume discount on to you, our members.
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Three Louisiana CU Professionals Graduate from Foundation's DE Program |
Fifty-nine credit union leaders were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s (the Foundation) Credit Union Development Education (DE) Training. Our Louisiana graduates were Abby Warnke, First Pioneers FCU. Kathy Deloney, Engage FCU, and Danielle Thibodeaux, LCUL.
The October DE Training was held October 26 – November 20, 2020. This marks the second class to complete DE Training in the new, virtual learning environment. The virtual training was completed by employees and volunteers from credit unions and system partners across the United States credit union movement.
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Upcoming Conferences from your League:
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2021 Education Calendar Coming Soon! |
December 3: Annual Loan Review: Consumer, Commercial & Residential
December 7: Top 10 Year-End Lending Issues & FAQs
December 8: Top IRA SECURE Act & COVID Rule Changes for 2020 Tax Year
December 9: Recent Reg CC Changes: Lessons Learned & Future Outlook
December 10: Legal Issues Surrounding Subpoenas & Summonses
December 14: Major Changes to Fair Debt Collection Practices Act
December 15: Year-End BSA Issues: FAQ Guidance, Enforcement Actions & Red Flags
December 16: Avoiding Loan Denial Mistakes
December 17: How to Review Legal Documents: POAs, Trusts, Guardianships, Estates & More
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For a complete listing of educational opportunities available from LCUL, visit the League website. |
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Become a Certified Financial Counselor to Support Member Financial Wellness |
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The strongest form of member service that a credit union can provide is personal guidance and support when a member if facing a financial crisis. Equip your staff with the knowledge to help your members climb out of debt and re-structure their budgets to achieve financial wellness. Registration is open to join LCUL’s Enhanced Certified Financial Counseling course, which has been streamlined to make completion even quicker than ever before with a new condensed textbook and only one exam!
By enrolling in LCUL’s enhanced class of 2021, in addition to the textbook, you will also receive access to our exclusive portal filled with study aids and additional resources including:
- 8 interactive webinars that reinforce important concepts and add relevant examples.
- 8 study guides for each webinar with answer keys to aid retention for exam preparation
- Takeaway toolkit with counseling resources to use right away
- Exam preparation session with live Q&A with instructor
- Instructor led training day to aid program implementation
This course is especially useful for lenders, collections staff, branch managers, trainers and educators.
Register now to earn you Certified Financial Counselor Designation and take the first step to stronger member service!
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Free Demo on Valuation Solutions from New LCUL Partner, Clarocity |
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Demo: Thursday, December 3 at 10:00 am CT
The Louisiana Credit Union League is excited to announce a new partnership with Clarocity Valuation Services (CVS) and TRGroup. CVS is an established and recognized leader in national technology and valuation services that are backed by an exceptional member borrower experience. CVS has refined the balance of data, technology and modern valuation products and workflow to deliver credible, reliable and proven valuations and appraisals nationwide.
With a focus on solutions that enhance the Member experience, while ensuring a Credit Union’s valuation routines adhere to regulatory guidelines, CVS will continually work with a Credit Union to offer products and services that deal with the challenges that you and your Members face today, including valuations during the pandemic.
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NCUA extends meeting flexibility through 2021 |
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NCUA’s latest Letter to Federal Credit Unions announces that the meeting flexibility measures put in place this year due to the pandemic will remain in place through 2021.
The letter also extends flexibility to regular board meetings, in addition to annual and special meetings.
A federal credit union needs to adopt an Article IV bylaw amendment by a two-thirds board vote to for a credit union to take advantage of the relief measures for virtual annual meetings without an in-person quorum requirement in 2021.
The language for the amendment is provided in NCUA’s letter. It also clarifies Quorum Requirements, Postponements, Elections, Meeting Notices and Member Expulsion. |
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Pelican State Credit Union Promotes Lauren Chemin to Assistant Vice President of Human Resources
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Pelican is excited to announce the promotion of Lauren Chemin to the position of Assistant Vice President of Human Resources.
Lauren Chemin demonstrates a superior level of expertise in the Human Resources field. Her leadership and efforts have played a significant role in Pelican’s achievement of its “Best Places to Work” status, which it has earned seven years in a row.
She has spearheaded numerous major projects for the credit union such as but not limited to 401K and bimonthly to biweekly payroll conversions.
Lauren holds several prestigious certifications including a CUNA Human Resources Compliance Certification and a PHR Certification.
With the unprecedented changes the COVID-19 pandemic brought, Lauren worked cohesively and efficiently to manage a constantly-changing workload while also leading the credit union in its efforts to remain positive and provide continued support to its staff and membership.
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Quote of the Week:
“Today is your opportunity to build the tomorrow you want."
- Ken Poirot
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824 Elmwood Park Boulevard,
Suite 200, Harahan, LA 70123
(800) 452-7221
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