Keeping you connected to key credit union news and trends: January 13, 2021
Headline News
Second Round PPP Now Open
The U.S. Small Business Administration (SBA) and Treasury Department re-opened the Paycheck Protection Program (PPP) this week. Monday, the program opened for new borrowers and second draw PPP loans opened today for certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make these loans. The PPP will open to all participating lenders shortly thereafter. The program will run through March 31, 2021.

Credit Unions can access the following resources and information regarding the program.
Want to Attend the CUNA GAC Free?
CUNA will be holding their annual Governmental Affairs Conference on March 2 through 4 virtually this year. Both CUNA Mutual and the Cooperative Trust are giving away free registrations to the event.

Scholarships for CUs under $120 million in assets
CUNA Mutual is holding a contest on CUNA's Small Credit Union Community where they will be awarding 13 full scholarships to the 2021 CUNA GAC. Credit Unions that are under $120 million in assets can go on the community and answer at least one of five "GAC Contest Questions" to receive an entry. The contest ends Friday, February 12, 2021. Click here for more details.

CRASH The GAC for Young Professionals
CRASH the GAC is brought to you by the Cooperative Trust. This year in the virtual conference there are two opportunities for attendees to experience 'crashing' the GAC. The deadline to apply is January 17. Click here for more details.
CUNA Announces Theme for 2021 Youth Month
National Credit Union Youth Month serves to encourage kids to develop healthy saving habits by making savings fun and exciting. This campaign is your credit union's opportunity to engage with young members and show them that your credit union is there to help them throughout their financial journey.

“Be a credit union saver and your savings will never go extinct.” is the official theme of this year's National Credit Union Youth Month. This Jurassic theme makes saving for the future fun and helps younger members appreciate the importance of putting money aside.
Educational Calendar
Upcoming Conferences from your League:
Upcoming Webinars: 
January 14: 2020 HMDA Submission Due March 1, 2021: Challenges & Best Practices
January 20: Intro to C&I Lending: Cash Flow, Collateral & Assessing Management Efficiency
January 21: Flood Series: Flood Insurance Rules, Best Practices & Liability
January 26: Beginning BSA Officer: What You Need to Know on Day 1
January 27: Remote Workforce Series: Work from Home Record Retention Rules
January 28: Calculating Cash Flow from Corporate Tax Returns
January 29: Alphabet Soup Series for Lenders
For a complete listing of educational opportunities available from LCUL, visit the League website.
Professional Development
Does Your Frontline Need a Boost? Let us help!
Your credit union frontline is where you have the most staff turnover and yet it’s where your members have the most contact. That puts tremendous pressure on your frontline to be well versed in knowledge and always bring their "A" game to every member interaction. They have to know both the “how to” and the “why” for all procedures, they need to be able to to spot a scam, possessing extraordinary member service skills is an absolute must and sometimes they have to have difficult conversations, all while maintaining a professional nature at all times. As if that’s not enough, in current environment they have to do it all with the added challenge of limited face to face contact!

How does your frontline stack up? Could your team benefit from a immersive virtual workshop that will leave them with a renewed commitment to excel on the job?

Join Vicki Kraai of InterAction Training as she covers everything the frontline needs to know and more! This fast paced, immersive virtual program is being presented in two half day sessions stating at 8:45 am on February 9 & 10.

To discover what you’ll learn and why your team should not miss out, click here.
Leadership Lessons for All
When you hear there’s going to be a “Leadership Keynote” presentation, what goes through your mind? Is it “Oh that’s for our CEO to attend?” or “Those sessions are just common sense things I’ve heard before.” LCUL will shatter that mindset with our 75 minute session with Holly Hoffman of TV’s Survivor Nicaragua!

Everyone possesses leadership skills that come out in our daily actions no matter what role we are performing at the time. Whether it’s at our workplace, or as a parent, as a volunteer in a civic organization, as a supportive friend, or as a contestant on a televised gameshow trying to outwit and outlast competitors. Leadership is sum total of how we model behaviors we want to see in others, how we connect with them and how we involve them in the process. Let Holly Hoffman help you to lead your tribe in 2021! Leaders, click here for details!
Business Solutions
Keep Your Regulatory Guard Up
COVID-19 will continue to impact the way banks and credit unions conduct business—for months, if not years to come. Effectively navigating an environment of lower interest rates, reduced revenue opportunities, and the added logistics and costs of providing safe working and service environments due to the pandemic will be critical to maintaining healthy performance results. Plus, it will be wise to intensify awareness of increased scrutiny on practices that may cause financial hardship for consumers.
Have You Heard
Combs Retires from Southern Teachers & Parents FCU
Assistant Manager Shirley Combs retired from Southern Teachers & Parents FCU after 47 years. Over the years she served in Accounting, Compliance, and Supervisory Committee. She believes if you sow seeds of kindness, blessings will grow. Her spirit of service will be missed by many but she is confident the staff will continue doing their best to assist members through these unprecedented times.
Quote of the Week:
“Never regret a day in your life: good days give happiness, bad days give experience, worst days give lessons, and best days give memories."
- Unknown