Keeping you connected to key credit union news, events, and trends: March 27, 2019
In This Issue
Headline News

'Get to Know Your League Staff': LCUL Distributes 2019-20 Membership Packets  
On Thursday, the Louisiana Credit Union League distributed 2019-20 membership dues invoices. If you did not receive your package or have any questions, please contact us at [email protected].

The Board of Directors and League staff look forward to an exciting year. We encourage you to take advantage of the programs and services we offer by visiting our website to see updated member benefits, upcoming events and opportunities, and gain access to our valuable resources. 
Time is Running Out: SRCUS Scholarship Applications due Friday!
Louisiana 3rd year students on white paper presentation day.
LCUL proudly continues our tradition of advancing the careers of Louisiana's Credit Union professionals by awarding partial scholarships to the Southeast Regional Credit Union Management  School (SRCUS). It's not too late to submit your application before this year's deadline.  The school 
is being held on the campus of the University of Georgia in Athens, June 7-14.    
 
If you're looking for a career changing program that cultivates operational, managerial, and leadership skills while reinforcing the credit union philosophy, look no further. This 3 year curriculum includes coursework in the following areas:
  • Financial analysis / Ratios /ALM
  • Employment Law
  • Negotiations
  • Credit Union Philosophy
  • Marketing
  • Interactive Group CU Simulations
  • Lending Strategies
  • Ethics
  • Low & High Ropes Challenge Courses
  • Hands-on Community Service
  • Academic Writings & Presentations
  • Even a Live Debate!
Upon her 2018 SRCUS graduation, Yolanda Whitmore of Neighbors FCU declared, " SRCUS exceeded my expectations.  The professors have provided me with a wealth of knowledge to assist me in my career. I am excited to see what the future will bring!"

To apply for a scholarship to this extraordinary program, download our scholarship application and submit it along with a letter of recommendation from your management or board to  [email protected] by end of day Friday, March 29. 

Early bird registration pricing to SRCUS has just been extended through April 15th. Register now to represent Louisiana in the 2019 session at www.srcus.org.
Registration Open for NCUA CECL Webinar
NCUANCUA and other financial regulators will host a complimentary webinar Thursday, April 11, at 2 p.m. and registration is now open. The webinar will focus on the coming changes to the Current Expected Credit Losses accounting standard.

The webinar will also cover the significant differences financial institutions should expect in their accounting procedures following the CECL changes, scheduled for 2022.

The session, hosted by the Federal Reserve Bank of St. Louis, will be presented by staff from NCUA, the Financial Accounting Standards Board, the Federal Reserve, the FDIC, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the Conference of State Bank Supervisors.

The webinar  will be archived  approximately three weeks following the live event. The archive will require a separate registration.

Professional Development

Have You Registered to Connect with Your Peers?
Don't miss the opportunity to connect with your peers at Credit Union Connect in Baton Rouge, April 17-18. 

This event is streamlined to fit in your busy schedule, to be economical on your budget, and impactful in its results in less than a day-and-a-half! Attendees of this event will:
  • Learn from experts at 12 informative education breakout sessions on our industry's most relevant topics
  • Idea share with your local credit union peers at facilitated roundtables
  • Network with product and service specialists from 30 top ranked companies
  • Discover tips to leverage the maximum out of your league membership
  • Freely discuss the matters most pressing to your credit union in open forums
  • Raise money to fund additional scholarships and subsides for Louisiana Credit Unions
  • Team build at our Who-Done-It Mystery Theatre Dinner
  • Network & Strengthen all Louisiana's Credit Unions
  • And win cash prizes too! 
Connect with us to help your credit union grow and thrive!
Full Access Savings Passes available for $175 per person. Not able to attend the full event? No problem! We have a-la-carte event tickets available. 

Want to save another $25 per person off the already low registration cost? Check out the vendor/exhibitor tab at www.creditunionconnect.net to contact your favorite vendor for their coupon code!

YPN

Apply Now: Reverse CRASH, YP of the Year 
Want to attend the YPN Workshop but are over 40? Apply to be a reverse CRASHER! 

For the third year, the YPN will be launching the Reverse Crash Program. The reverse crash program will be open to all "seasoned" credit union employees and volunteers that are 41 and older. Do you think anyone at your credit union has what it takes to be a reverse crasher? Let them know about this opportunity. Click here for the application to apply!

For the first time, we will award one lucky CU young professional with the YP of the Year award. Do you know someone that is deserving of this award?

Young Credit Union Professionals across Louisiana continue to positively impact their credit union members, community, state, and beyond. The time has come to recognize and reward the leadership and passion that drives our Young Professionals in fostering the 'People Helping People' difference in our members' lives. Nominate someone that you feel is deserving of the designation YP of the Year. Click here for the nomination form! 

The deadline to apply for both of these opportunities is April 5. If you have any questions, contact [email protected].
News from CUNA Mutual

March 2019 CU Trends Report Now Available
 

CUNA Mutual Group's Credit Union Trends Report for March 2019 is now available online and can be accessed in the CU Products & Services section of our website, under the heading Performance and Data Resources.  

During January, credit unions picked up 195,000 in new memberships and loan and savings balances grew at an 8.5% and 7.1% seasonally-adjusted annualized pace, respectively. Firms hired 311,000 workers, nominal consumer spending increased 0.2% and long-term interest rates decreased 12 basis points. Real GDP increased 2.6% in the fourth quarter and 3.1% for all of 2018, above the 2.6% increase in 2017.

For more information, view the complete report here. If you have problems accessing the information or have additional questions about the research and information services provided by the Louisiana Credit Union League, please contact Jason Swint at (800) 452-7221, ext. 30 20 or [email protected] .
Have you Heard?

Campus Federal Service Team Supports LSU College of Agriculture Day of Service
Campus Federal Service Team members attended LSU College of Agriculture Day of Service at the 4H Mini Barn in support of the weeklong celebration to showcase how the college is making a difference in Louisiana and across the world. The service project, Rise Against Hunger, was chosen by LSU College of Agriculture students for their Day of Service campaign.
 
Rise Against Hunger is an international hunger relief organization that distributes food and life-changing aid to the world's most vulnerable, mobilizing the necessary resources to end hunger by 2030. Campus Federal provided volunteers for the Day of Service campaign to help package over 10,000 meals containing a comprehensive array of micronutrients, including enriched rice, soy protein, dried vegetables and 23 essential vitamins and nutrients for families around the world.

How Pelican State CU is Combating Financial Illiteracy
Balloon bouquets, smiling faces and savory pastalaya greeted the 50 guests of Pelican State Credit Union's Home Buying Workshop at the Pineville Convention Center on February 19, 2019. 
 
The workshop consisted of a question and answer session with three panelists: Margaret Hickman of Keller Williams Realty-Cenla Partners, Mortgage Loan Originator Jennifer McMinn-Griffin and Nationally Certified Credit Counselor Rhoda Hundley. There was no shortage of questions or answers, and many guests stayed after the event ended to talk with panelists about their unique situations. Pelican even welcomed 10 event attendees as members of their financial family!
 
The credit union is championing financial wellness in the least financially literate state, one parish and person at a time. In 2018, Pelican hosted 196 Financial Wellness Workshops for over 7,500 members and non-members in 14 parishes. The credit union also provides free one-on-one credit counseling for Pelican members, publishes financial articles on its blog, Pelican State of Mind, and provides financial education for schools.

Baton Rouge Telco FCU Receives Diamond Awards 

Baton Rouge Telco Federal Credit Union (Telco) was recently honored with three Diamond Awards, which recognizes outstanding marketing and business development achievements in the credit union industry.

The awards were presented by the CUNA Marketing & Business Development Council, a national network comprised of over 1,300 credit union marketing and business development professionals. Awards are given in each of 36 categories ranging from advertising to community events and beyond.

Baton Rouge Telco Federal Credit Union earned Diamond Awards in three different categories:
  • Complete Campaign: More Ways to Say Yes!
  • Digital Advertising: More Ways to Say Yes!
  • Segmented Marketing for the Student Checking Account Campaign

"By demonstrating marketing excellence and high-quality campaigns, we are able to reach more members and help them say yes to achieving their financial dreams," says Kristin Romero, vice president of marketing at Baton Rouge Telco Federal Credit Union. "These awards are a testament to Telco's commitment to the members we serve and our credit union mission."


"The hard work displayed by these credit unions always leaves us feeling inspired and passionate about what we do," said Amy McGraw, Chair of the CUNA Marketing & Business Development Council's Diamond Awards Committee and VP Marketing, Tropical Financial CU. "Receiving this award further highlights the dedication they have for our movement and their members."
La Cap's Ingrid Payne Elected as V.P. of Women in Management
Ingrid Payne, of La Capital Federal Credit Union, was elected Vice President of Women in Management. She has previously served as treasurer and secretary of the 25 member group. Payne has been a member of W.I.M. for eight years.
 
Payne serves as Senior Vice President of Member Relations at La Capital FCU. She is a NAFCU Certified Compliance Officer.
 
Women in Management is a politically non-partisan, voluntary, non-profit organization which brings together women of diverse accomplishments in the field of governmental management in order to provide a forum for the exchange of ideas and experiences. The group is made up of Louisiana women presently working in management positions in federal, state or local government. The group affords members valuable networking opportunities. 
Quote of the Week:
"If you do what you've always done, you'll get what you've always gotten. "
- Tony Robbins

Educational Calendar
Upcoming Conferences & Seminars from your League:

April 11: Preparing for the BSA Exam
April 17-18: CU Connect Marketplace and Roundtalbles
April 30: State GAC
May 3-4: YPN Workshop
June 18: Essentials of Share Accounts
June 25-26: ULend Academy

Upcoming Teleconferences & Webinars from your League:

April 1: New Private Flood Insurance Rules Effective July 1, 2019
April 2: Mobile Device Risks, Records & Compliance Rules: Managing Your BYOD & COPE Policies & Procedures
  April 3: UDAAP: Consumer Complaint Monitoring & Avoiding Harm
  April 4: Enterprise Risk Management: Three Key Risk Assessments
  April 8: Notary Essentials & Legalities
  April 9: Board Reporting Series: Security Officer Reports to the Board: Fulfilling Your Annual Requirement
  April 10: Teller Training Series: Accurately Completing the CTR Line-by-Line
April 16: Loan Underwriting 101: Interviewing, Credit Reports, Debt Ratios & Regulation B  
April 17: Your Borrower Filed Bankruptcy, Now What?  
April 18: Liability with ACH Death Notification Entries (DNEs) & Reclamations
  April 23: Top 20 Questions About Completing the TRID Loan Estimate & Closing Disclosure  
April 24: Escrow Account Shortages, Surpluses & Deficiencies  
April 25: Asset Liability Management Strategies in a Rising Rate Environment  
April 29: Hacking the Weakest Link: The Role of Staff in Maintaining IT Security  
April 30: Introduction to Call Report Loan Classifications

For a complete listing of educational opportunities available from LCUL, visit the League website.
Copyright © 2018 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com