Keeping you connected to key credit union news, events, and trends: December 11, 2019
In This Issue
Headline News

Next Level Engagement: LCUL Introduces Political Advocate Program
The Louisiana Credit Union League works around the clock to advance the credit union mission and foster the public trust via multilayered grassroots efforts, CULAC fundraising, and community involvement. As our advocacy efforts grow, we recognize that there is a need to ensure that our communications are effectively delivered to the proper audience. We are ready to bring our advocacy efforts to the next level with the Political Advocate Program.

Identified by the credit union CEO, the primary role for the individual selected is to ensure that your credit union is ready to move when they need to. Your credit union's political advocate will identify credit union staff and board members who are willing to become politically active when alerted by the League on a critical legislative or regulatory issue.

As a benefit, political advocates will receive 50% discount to the state GAC as well as an invitation to local and statewide events such as meet & greets, in district meetings, and other functions.

Click here to for additional information on LCUL's Political Advocate Program. For questions, please contact Angela Gervais, VP of Advocacy.
NCUA Releases Q3 2019 Credit Union System Performance Data
NCUA Data on the financial performance of federally insured credit unions for the quarter ending Sept. 30, 2019, are now available from the National Credit Union Administration. The NCUA's Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators.

Beginning with the third-quarter data report, the NCUA has added a new feature: a spreadsheet listing all federally insured credit unions active as of Sept. 30, including key metrics.

Click here for more information.
NDAA adopted without granting banks access to military bases
The credit union movement achieved a notable win Monday when the final version of the fiscal year 2020 NDAA was released without a provision that would have allowed certain banks to obtain cost waivers to operate on military installations.

Click here to continue reading. 
CFPB Issues Notice of Proposed Rulemaking on Remittance Rule
Last week, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule. The Rule generally requires companies that provide remittance transfers in the normal course of business to disclose to consumers certain fees and the exchange rates that apply to transfers.

Click here to continue reading.
News from CUNA Mutual

November 2019 Credit Union Trends Report Now Available Online
CUNA Mutual Group's Credit Union Trends Report for November 2019 is now available on our website, under the heading Performance and Data Resources. During September, credit unions loan balances grew at a 5.7% annualized rate and savings balances grew 9.1%.
 
Additional highlights of this month's report include:
  • New-auto loan balances rose only 2.4% during the last 12 months, significantly below the 12.5% increase set in the year ending in September 2018.
  • The credit union loan-to-share ratio is down 0.5% over the last year to 84.7% from 85.2% due to loan growth falling short of savings deposits growth.
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, please contact Danielle Thibodeaux or [email protected] .
Professional Development

Registration Now Open: Understanding Key Ratios

Return on Assets, Loan to Shares, Efficiency Ratio - that's just some of the ratios that all tell an important story about the financial health of your credit union.  Do you know what they all mean? Do you know if the goal is for that number to grow or shrink and why?

Perhaps you never asked because you felt it was something you were supposed to know. If that's the case, we got you covered.
 
Join LCUL in Baton Rouge where Tim Gardner will give you a basic overview of the general economic conditions that affect your credit union. Then he will review the 5 most common ratios utilized in the industry and the best part is, he'll break it down in layman's terms that everyone can understand!

Click here for more information.
Final Call for Financial Counselor Candidates!
Registration for the FiCEP (Certified Financial Counseling) Class of 2020 will close at the end of the business this Friday, December 13th.

Don't let another year pass you by without becoming certified to help your members achieve financial wellness. 

Click here for more information.
Have you Heard?

50 Thanksgiving Dinners distributed by New Orleans Firemen's FCU
New Orleans Firemen's Federal Credit Union (NOFFCU) collected and distributed fifty Thanksgiving meal baskets with the help of the Bogalusa School Board. NOFFCU has an active presence in Bogalusa, one of the only financial institutions in the area.

This was brought together by the generosity and compassion of NOFFCU employees who helped collect, pack, and distribute the meal baskets. Each meal basket contained a 15 lb. turkey, stuffing, mashed potatoes, cornbread, vegetables, dessert, as well as other items.

"Approximately 17.9% of children, that's 1-in-6, face food insecurity in Louisiana," stated Judy DeLucca, NOFFCU CEO. "It could happen to any one of us. It is a nationwide crisis that has many faces, appearing in urban areas as well as rural communities. It speaks to our core values to help our community neighbors."

NOFFCU anticipates making this a memorable partnership with the Bogalusa School Board. The positive feedback from the community ensures this will become an annual tradition.
WESLA FCU Holds Give Thanks Campaign
WESLA Federal Credit Union held a Give Thanks Campaign that allowed our Staff and Membership to donate non-perishable Thanksgiving Food Items for families on Thanksgiving Day. 

WESLA randomly picked 3 families in our membership to win a full Thanksgiving Dinner including Turkey and pies! This was a small way we could say Thank You to our membership, and it will not be the last!
Campus Federal Announces Winners of Score Big LSU Football Ticket Giveaway
Campus Federal announced the winners of their recent promotional giveaway, Score Big LSU Football Ticket Giveaway, in partnership with LSU Sports Properties. The grand prize winner received two tickets to the LSU vs. Arkansas football game on Saturday, November 23, along with a pair of exclusive LSU Tailgate Hospitality passes. Additionally, four winners were awarded prizes that included a pair of passes each to the LSU Sports Properties Tailgate event to enjoy prior to the kickoff.

The promotion was created in partnership with LSU Sports Properties to create awareness of Campus Federal's unique bond and relationship with Louisiana State University, having served LSU and its communities since 1934.
La Capitol FCU Raises Over $12,000 for Salvation Army's Angel Tree
Employees of La Capitol Federal Credit Union raised over $12,000 during 2019 to support the Salvation Army's Angel Tree charity. In addition to collecting donations from La Cap employees, Angel Tree committee members at the credit union organized food sales, game events, raffles and more to raise money for the donation. The committee also held a raffle for which the winning employee will get a paid day off in 2020.
 
Through the through the Angel Tree program, the Salvation Army provides a new toy and a holiday meal to as many needy families in the Baton Rouge area as possible.
 
La Cap employees have donated to Angel Tree for more than eleven consecutive years. The donation this year is the largest to date by La Cap employees and will affect more than 90 children.
Neighbors FCU Donates 1,558 Pounds of Food GBR Food Bank
Neighbors FCU hosted an employee food drive to collect non-perishable food items for the Greater Baton Rouge Food Bank. The staff donated 1,558 pounds of food, which will provide 1,298 meals for families in need.
 
NFCU's Team Impact organized this drive and provided prize drawings for employees that participated. Team Impact is a group of volunteer employees at Neighbors that organize and host events in an effort to make a better work environment at the credit union.
 
"Once again, our staff continues to live the Neighbors Way through their commitment and service to our community," Neighbors President and CEO Steve Webb said. "We are inspired by their incredible generosity."
 
Neighbors has also worked with the Food Bank for the credit union's annual day of community service, Neighbors Day. This year, 45 Neighbors employees volunteered with the Food Bank.
Quote of the Week:
"In this season of giving, may we remember that it's not what we take, but what we give that brings true and lasting happiness. "
- Joshua Poole

Educational Calendar
Upcoming Conferences & Seminars from your League:


January 16: Committee Conference and Brunch/Lunch & Learn
February 11: Understanding Key Ratios

Upcoming Teleconferences & Webinars from your League:
   
  December 12:  Dealing with Joint Signers in Consumer & Real Estate Lending
  December 18:  Securing Collateral: How to Complete & File UCC-1 Financing Statements
January 7:  BSA High-Risk Members: Identifying, Enhanced Due Diligence & Monitoring
January  8:  Lending to Hemp Businesses
January 9:  Top 10 Issues for the 2019 HMDA Report: Due March 1, 2020
January 14:  Accounting Nightmares: TDRs, Foreclosed Assets, Investments & More
                                        
For a complete listing of educational opportunities available from LCUL, visit the League website.
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