Keeping you connected to key credit union news, events, and trends: November 20, 2019
In This Issue
Headline News

Early 3Q19 Data Is Available in CUAnalyzer; 3 Key Data Points for Louisiana
CUAnalyzer now has 99% of the industry's 3Q data (measured by assets) available for analysis - weeks before the official NCUA release. Log in now to start pulling reports, setting goals, and analyzing the ratios most relevant to your credit union's strategies and ambitions.

Three key data points for Louisiana credit unions...
CUAnalyzer makes it easy to compare Louisiana Credit Union League versus the peer group of your choice, such as all credit unions in Louisiana. Thanks to Callahan's early data program, 99% of the credit union industry, by assets, are available weeks before the NCUA's early December data release. Here are three key ratios to get you started:

Data Point 1: Share growth among Louisiana credit unions accelerated from 5.3% to 5.7% driven by a 28.0% increase in share certificate balances. 

Data Point 2: Total members grew by 1.5% - outpacing 2Q19's 1.0% rate. 

Data Point 3: Return on assets (ROA) fell 5 basis points, from 0.75% to 0.70%. 

Did you know you have unlimited access to CUAnalyzer through your affiliation with the Louisiana Credit Union League? Just click the link below to log into your client portal and access pre-built reports, packets, and key ratios comparing your credit union to other credit unions both locally and nationally. 

Centric FCU Receives Two National CUNA Awards for 2020
The Credit Union National Association's (CUNA) National Awards Committee announced the 2019 recipients of the Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education. The awards, which are given in several credit union asset sizes, were selected among the winning entries at a league level.

Congratulations to Centric FCU in Monroe. Their efforts awarded them the Desjardin Financial Literacy Award ($50M- $250M category) and the Louise Herring Philosophy-in-Action Award ($50M- $250M category).

"We are thrilled to have Centric FCU represent Louisiana on a national level. Their dedication to the communities they serve is unparalleled and we congratulate them on the much deserved recognition," commented Bob Gallman, LCUL President/CEO. 

The credit union will be recognized at CUNA's 2019 Governmental Affairs Conference (GAC), February 23 - 27, in Washington, D.C.  
Deadline Approaching for Young Professionals to Apply for Scholarships
The deadline for the Credit Union Development Education (CUDE) Scholarship and CUNA's CRASH the Governmental Affairs Conference is next week. Make sure you are not too full from turkey leftovers and the deadline slips away on these excellent opportunities!

Information on the CUDE scholarship and application can be found on the League's Website.

Information on the CRASH GAC opportunity and application can be found on The Cooperative Trust website. 
Professional Development

Do You Brunch?

A new year marks the perfect time to focus on your own growth and the growth of your credit union. Join Jeff Rendel in Lafayette on January 16th to learn about sharpening your leadership skills to keep up with member expectations and how to execute your best laid out plans. These sessions will take place in conjunction with the 2020 LCUL Committee Conference. 


*Note if you serve on a committee registration is covered.
Have you Heard?

Campus Federal Supports LSU Medical Alumni Association Purple and Gold Gala
Campus Federal team members attended the LSU Medical Alumni Association "A Night Under the Stars" 14th Annual Purple and Gold Gala at the New Orleans Marriott. The event included a silent auction, gourmet cuisine and entertainment by Louisiana Spice. 

The gala remains one of the largest fundraiser events for the Louisiana State University School of Medicine. It also helps to provide support for the Russell C. Klein M.D. Center for Advanced Practice, a state-of-the-art facility providing excellent tools, education and training activities.
Louisiana FCU's Tribe Excursion Builds Unity, Helps Sick Children
This October, Louisiana Federal Credit Union (FCU) employees got into the spirit of giving by participating in a day of team building and corporate social responsibility to benefit Children's Hospital New Orleans.

The "Tribe Excursion" started with a scavenger hunt through the French Quarter, followed by lunch at Audubon Park. At the park, employees assembled more than 90 comfort bags for Children's Hospital that will help to keep young patients entertained and occupied before surgery. The bags included items such as Play-Doh, coloring books, and stickers - as well as more than 100 hand-written encouragement cards from staff.

"Events like this help our staff form happy relationships outside of the workplace setting," said Rhonda Hotard, President/CEO of Louisiana FCU. "I'm grateful we were able to share some of that joy with the patients at Children's Hospital."

In addition to creating comfort bags, credit union staff worked together to design a vibrant 4' x 5' coloring board that is to be displayed in the hospital's board room.
Quote of the Week:
"Enjoy the little things, for one day you may look back and realize they were the big things. "
- Robert Brault

Educational Calendar
Upcoming Conferences & Seminars from your League:


January 16: Committee Conference and Brunch/Lunch & Learn

Upcoming Teleconferences & Webinars from your League:
   
November 21: BSA Special Risks: Policy, Law Enforcement & Regulator Issues  
December 3:  ACH Error Resolution: Returns, Authorizations, WSUDs, Stop Payments & More
  December 4:  Safe Deposit Issues: Delinquency, Death & Abandonment
  December 5:  IRS Reporting Requirements: 1098s, 1099s, TINs & Backup Withholding
  December 11:  Business Accounts: Who is Authorized to Open, Close, Transact?
  December 12:  Dealing with Joint Signers in Consumer & Real Estate Lending
  December 18:  Securing Collateral: How to Complete & File UCC-1 Financing Statements

                        
For a complete listing of educational opportunities available from LCUL, visit the League website.
Copyright © 2019 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com