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
Senate vote on reg relief bill timing
On Feb. 7, League President John McKenzie and Senior VP Governmental Affairs Chris Beaumont sent a note that the Senate Majority Leader has announced that S 2155, the reg relief bill with provisions for CUs, will be on the Senate floor for a vote the last week of February or first week of March . Read it here.
Fraud Alert: Beacon CU counterfeit checks resurface after several months
On Feb. 5, VP Communications Kay Neidlinger sent a Fraud Alert. Read it here.
Regulatory/Compliance Updates
Regulatory Update 1-29-2018--Weekly Regulatory Advocacy Report
On Jan. 29, 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
2018 is shaping up to be another major year in politics with Indiana expected to be a battleground state in the race for control of the U.S. Senate. Meanwhile, Congress is likely to be navigating through tax reform, regulatory relief, data security, and other complex issues that impact credit unions. Make plans now to be part of the League's Legislative Affairs Forum to hear about the opportunities and challenges that lie ahead for credit unions.  
This webinar, presented by Senior Consultant, Director of Regulatory Analysis Dave Hawkins, will cover a number of topics, including the maximum hold periods for existing and new members, the extended hold periods for exception items, the initial disclosure requirements (i.e., Funds Availability Disclosure) and more.
This webinar, presented by Senior Consultant, Director of Regulatory Analysis Dave Hawkins, will assist credit union volunteers/officials with the BSA educational requirements. The session will highlight the elements of an effective and evolving compliance program, including policies, procedures and risk assessment; internal controls to ensure compliance; training requirements; and more.
The League is offering this session, led by Senior Consultant Tim Pierce along with other subject matter experts, to discuss different types of fraud and prevention including credit/debit card, checking account fraud, malicious app monitoring, fall back transactions and more.
This session, facilitated by Senior Consultant Tim Pierce, is designed to help new and experienced mortgage lenders focus on important regulatory requirements related to first mortgages and Home Equity Lines of Credit (HELOC). The League will facilitate the session, which will feature presentations from industry experts. There will also be an opportunity for a group discussion on marketing different types of mortgage products to credit union members.
What is the difference between "joint with rights of survivorship" and "tenants in common"? What is a revocable living trust and how do we document it? Do we really need a corporate resolution? How do we open accounts for minors? Have you or someone at your credit union asked these questions and others like them? If so, don't miss this seminar, presented by Joequetta Jackson, Consultant Vice President at PBS.
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 Product
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.
 
Highlights of the report include:
  • Over the last 12 months, total credit union loan balances rose more than 10.7%, the 39th consecutive month of greater than 10% annual loan growth. 
  • Credit union fixed-rate first mortgage loan balances grew 1.7% in November, double the pace set in November 2016.
  • As of November 2017, CUNA estimates 5,806 credit unions were in operation, down 248 from November 2016.

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.
Indiana Credit Union League