Keeping you connected to key credit union news, events, and trends: June 24, 2020
In This Issue
Headline News

P.I.V.O.T. 2020: Take a look at the Agenda!

Your 'Friends' at the League are excited to share the programming we have planned for you! These can't miss sessions and speakers are definitely not reruns.  You can stop flipping through the channels and watch LCUL's fresh content August 6 & 7.
 
Thursday, August 6
1:00 p.m. - 1:15 p.m.      Opening Ceremonies/Remarks
1:15 p.m. - 2:00 p.m.      Business Meeting/Industry Update
2:00 p.m. - 2:30 p.m.      Jim Nussle Virtual Town Hall
2:30 p.m. - 3:30 p.m.      Awards & Recognition Ceremony

Friday, August 7
9:00 a.m. - 10:00 a.m.     Opening Keynote: Gene Marks
10:00 a.m. - 10:30 a.m.   Exhibit Hall Open
10:30 a.m. - 11:30 a.m.   Breakout Sessions
11:30 a.m. - 12:30 p.m.   Lunch/Exhibit Hall Open
12:30 p.m. - 1:30 p.m.     Breakout Sessions
1:30 p.m. - 2:00 p.m.       Exhibit Hall Open
2:00 p.m. - 3:15 pm.        Closing Keynote: Raven Solomon
3:15 p.m.                         Closing Remarks, Drawings

* Times subject to change.

Louisiana CU Hall of Fame Induction Goes Virtual with Special Tribute
The Louisiana Credit Union Hall of Fame program is excited to announce our first-ever virtual induction ceremony, giving colleagues, family and friends from all over an opportunity to see the 2020 inductees receive the recognition they have earned.

Sponsored by the Louisiana CU Foundation, the Louisiana CU Hall of Fame recognizes the valuable leadership, commitment, dedication, and contributions of credit union professionals and volunteers throughout the state. They have given their time, talents, and ingenuity in order to enhance and strengthen the credit union movement.

Traditionally, these gatherings brought new and past inductees together during our annual meeting and convention each year. Due to the virtual format of our event, inductees will be recognized during a special ceremony being live-streamed on the afternoon of Thursday, August 6. This year, we are excited to share that it will not be the emcee announcing the names but, instead, someone near and dear to the inductee. A special video will be shared with all attendees to see.

Deadline for 2020 induction: July 24, 2020. Click here to nominate someone today.
YPN Accepting Donations for Silent Auction
The Young Professionals Network (YPN) will once again be hosting the silent auction during LCUL's upcoming virtual event, PIVOT 2020.

To make a donation to the silent auction, you can pledge an item and submit a picture for us to upload to the online platform. Once the winner is announced, you can either simply ship the item directly to the lucky winner OR your YPN representative for your Chapter can arrange pick up and do the heavy lifting of shipping your items for you!
 
In an effort to provide the biggest impact for all Credit Unions, 100% of all proceeds will benefit the Louisiana Foundation.

Those interested in donating can contact Angela Melle , YPN Liaison, or your YPN chapter representative.   The Young Professionals Network, along with the Louisiana Foundation, appreciate your consideration in making a donation.
Federal and State Regulatory Agencies Issue Examiner Guidance Considering the Effect of the COVID-19 
The four federal agencies in conjunction with the state bank and credit union regulators issued examiner guidance to promote consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic. No action on the part of supervised institutions is required.

Stresses caused by the spread of COVID-19 have led to significant economic strain and adversely affected global financial markets. The interagency guidance instructs examiners to consider the unique, evolving, and potentially long-term nature of the issues confronting institutions due to the COVID-19 pandemic and to exercise appropriate flexibility in their supervisory response.

Click here to continue reading. 
Professional Development

Coming Soon: New FREE Webinar Series for Small Credit Unions!
Get impactful takeaways on trending industry topics geared towards the unique needs of your small credit union. CUNA-League System Small CU Webinar Series, free for League members, will start Tuesday, August 4, and run through Spring 2021.

Leagues will be hosting 60- to 90-minute webinar sessions that will be recorded and uploaded to the resource page. While subjects are wide-ranging, the webinars will aim to answer many of the biggest questions facing small credit unions. This series demonstrates the difference we can make when CUNA and your Leagues collaborate to support the credit union movement.

Learn more and register today!
Last Chance: Virtual Roundatable: Post COVID-19 Loan Growth, Profitability & Collections
 
Tomorrow at 1:00 p.m. LCUL will be hosting a free virtual roundtable with speaker Celeste Cook. In this one hour program, Celeste Cook will help you to focus on strategies to re-engage your members, propel your loan growth & profitability, and discuss the delicate topic of how and when to re-introduce collection strategies.   
 
This virtual roundtable is provided at no cost to LCUL members, but advance registration is required.   Click here to register!

To submit a question for Celeste in advance, email [email protected] by 3:00 pm today. Meeting log in details will be emailed to registered attendees this afternoon. 
Business Solutions

Reminder: CUNA Mutual Moving Forward Forum: Insights and Strategies for the CU New Frontier
There is still time to register for CUNA Mutual's Moving Forward Forum being held tomorrow, June 25 at 10:30 am. Hear from credit union industry experts at CUNA Mutual Group on ideas to help you  increase agility, increase revenue, and effectively serve the growing multicultural consumer population. 

Have You Heard

Pelican State CU Refunds Over $45,000 in Fees for COVID-19 Pandemic-Affected Members, Grants Over 13,000 Loan Payment Extensions
To support Pelican State Credit Union members financially impacted by the COVID-19 pandemic, the credit union refunded over $45,000 in fees and extended the due date on over 13,000 loan payments during Louisiana's Stay at Home Order.
 
This was part of the credit union's COVID-19 Member Relief Plan, which also included waived fees for services like share certificate early withdrawals and wire transfers along with a special Income Assistance Loan offer to help members who temporarily saw a reduction in income or needed emergency funds during the order.
CSE Presented with Local Outstanding Landscape Award
The Lake Charles Garden Club presented CSE Federal Credit Union's (CSE) Main Branch in Lake Charles with the Outstanding Landscape Award for June 2020.
 
This award is presented on a monthly basis to a Lake Charles establishment that exhibits exceptional efforts to keep their property well-landscaped and litter free. CSE was particularly recognized for keeping grounds in such beautiful shape as it encourages other local businesses to do the same.
Quote of the Week:
"Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less. "
- Marie Curie

Educational Calendar

Upcoming Conferences & Seminars from your League:

All in-person events have been postponed until 
August 15.

Upcoming Teleconferences & Webinars from your League:
 
June 25: Managing In-House Real Estate Evaluations
June 30: Growth & Transformation Series: Digital Marketing Strategies: What's Working in 2020?
July 1: Top 10 Consumer Loan Documentation Mistakes
July 7: Annual Training for the Branch: BSA, Identity Theft & Regs CC, D, E & Truth in Savings
July 8: Fraud by Channel Type: Check, Debit, Credit, ACH & Wire
July 9: HR Compliance: Lessons Learned from Massive HR Failures
July 13: Audit & COVID-19: A CFO Roadmap
July 14: Completing the TRID Closing Disclosure Line-by-Line

For a complete listing of educational opportunities available from LCUL, visit the League website.
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(800) 452-7221   www.lcul.com