Keeping you connected to key credit union news, events, and trends: October 14, 2020
In This Issue
Headline News

Louisiana Foundation Opens Assistance to Those Affected by Hurricane Delta
With the second hurricane impacting Louisiana in less than six weeks, the Louisiana Credit Union Foundation is once again providing grant assistance. Credit union employees that experienced damage to their property, are displaced or are incurring extraordinary expenses for everyday needs caused by Hurricane Delta are eligible to apply. 
 
 
Credit union employees are asked to use the above application to report damage sustained only by Hurricane Delta. The Foundation recognizes each natural disaster independently. Those who received assistance following Hurricane Laura are eligible to submit applications for Hurricane Delta. Applications will be accepted through October 28, 2020.   

Questions? Email [email protected].
Louisiana Shared Branching Participants Receive COVID-19 Rebate Initiative
In an effort to show continued commitment and solidarity with credit unions, CU Cooperative Branching's leadership team has committed more than $50,000 to a COVID-19 rebate. Both shareholders as well as associate members will have a rebate payment sent by ACH to their credit union next week. 
 
"Louisiana shared branching credit unions exemplified their cooperative spirit during the pandemic by continuing to service guest members amid lobby closures, proving to be an immense value in times of uncertainty. Once again, the unique structure of credit unions places an emphasis on the member above everything else. We hope this small token of appreciation demonstrates our unwavering support," said Bob Gallman, LCUL President/CEO.
 
Rebates will range from $500- $1500, and are made possible due to strong network performance over the years. 

YPN Celebrates ICU Day with Donation to Foundation
Each year, LCUL's Young Professionals Network hosts a statewide youth financial education initiative during International Credit Union Week. Credit unions across Louisiana visit schools and read books with a financial education message provided by YPN to thousands of children. The best part? Each student gets to take home the books with a message about credit unions inside!
 
Since access to schools is limited due to COVID-19, YPN has donated $4,000 in lieu of purchasing books to the Louisiana Credit Union Foundation to support our credit union family affected by Hurricanes Laura and Delta.
 
This donation would not be possible without the support of YPN's sponsors each year, and the committee looks forward to continuing to teach financial education to students next ICU Day!
Professional Development

ULEND Academy: The Lending Game Changer You Need!
When walking away from other lending trainings, you may have learned great concepts but find that they are often difficult to implement in everyday transactional lending operations. ULEND Academy, presented by CUNA Mutual is a hands-on, customized experience that propels lenders from transactional to consultative in order to meet members' full financial needs.

The 2020 curriculum guides lenders of all skill levels, online in group settings through all stages of the loan process - origination, underwriting, and closing - with cross-selling, consultation, and compliance woven throughout. The virtual ULEND Academy is presented in six brief but impactful sessions of up to 90-minutes each over the course of one week. Participants will learn, discuss as a group and then apply that knowledge to a variety of relevant and timely lending scenarios. ULEND Academy graduates immediately return to work to use the skills and concepts learned in their daily member interactions.  This program is an online collaboration between Louisiana, Kentucky, Mississippi and Virginia, so you will also have the priceless opportunity for inter-state networking with peers.  

Click here for full details.   
News from CUNA Mutual

Webinar: Learn to Navigate a New Chapter in Your Members' Lives
Fact: The U.S. population is not only becoming more diverse, but also aging rapidly. By 2030 there will be more individuals over 65 than under 15 for the first time in U.S. history. In addition, more households are becoming multi-generational. How do these trends impact how your members make financial, health and living decisions? And what are the differences by race/ethnicity that you need to be aware of to have meaningful conversations and offer the right products? 

Join Edgar Hernandez and Alison Fleming from CUNA Mutual on October 20 at 1:00 pm CT to learn how you can become better at planning for to serve your members as they navigate new chapters in their lives.
Business Solutions

VisiFI: What You Need in a Technology Partner
VisiFI may be the only company WILLING AND ABLE to introduce a more complete and efficient core technology platform that meets the needs of today's credit union!
 
Backed by Dedagroup, the IT division of a $3 billion company and our 40+ years of experience in the US credit union market, VisiFI is on a mission to modernize credit union technology; to finally deliver a system that flows across all areas of your business.
 
As a proven core provider, with over 60 proprietary applications, VisiFI offers a single real-time ready core platform that works in unison and helps lower costs, improve efficiencies and lower risk while providing a consistent employee/member experience.
VisiFI has the financial strength, experience and the desire to change our industry.

For more information, contact Steven Liberto, EVP Business Solutions.
Have You Heard

University of Louisiana Federal Credit Union Awarded CDFI Grant
Community Development Financial Institutions recently announced the winners of the CDFI Grant. University of Louisiana Federal Credit Union was awarded a grant totaling $737,500 which will be put towards implementing new ideas and benefits for our members. This marks the third time that ULFCU has been awarded a CDFI grant. It is a great time to belong to a credit union. 
Quote of the Week:
"Passion is one great force that unleashes creativity, because if you're passionate about something, then you're more willing to take risks.

Educational Calendar

Upcoming Conferences & Seminars from your League:
Upcoming Webinars: 

October 15: Cyber Series: GLBA Security Expectations, Internal Controls & the Human Factor
October 16: COVID-19 Loan Essentials: Modifications, Accommodations & Latest Regulatory Guidance
October 19: Implementing Reg D Changes: Agreements, Notices & Procedures
October 20: Legally Handling ATM & Debit Card Claims Under Regulation E
October 21: Regulator Update for the Credit Analyst
October 22: Banking & Lending to Cannabis Businesses: Clarifying the Confusion & Avoiding Pitfalls
October 26: Handling Pandemic-Related Payment Issues: Stimulus, SBA, Workers' Comp & More
October 27: New URLA for a New Year! Prepare Now for a Smooth Transition
October 28: Risk Officer Series: Advanced BSA Officer Training: Risk, Compliance & Real-Life Scenarios
October 29: Cyber Series: Building & Sustaining a Cyber Intelligence Unit (CIU)


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