Keeping you connected to key credit union news and trends: November 4, 2020 |
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Louisiana Incumbents Retain Seats in Congress; CU Friendly Congress Elected |
Although the Presidential Election is still too close to call, election results in Louisiana are in. Five of six Louisiana districts in the U.S. House of Representatives and one Senate seat were decided Tuesday, with incumbents winning every race. The one race without a current office holder, in the 5th Congressional District, will be decided in a December 5 runoff.
Those reelected Tuesday are as follows:
- U.S. Senate: Bill Cassidy
- U.S. House District 1: Steve Scalise
- U.S. House District 2: Cedric Richmond
- U.S. House District 3: Clay Higgins
- U.S. House District 4: Mike Johnson
- U.S. House District 6: Garret Graves
A runoff will be needed to choose a successor to Representative Ralph Abraham in Louisiana’s 5th District. Luke Letlow, who was Abraham's chief of staff, finished first in a field of nine. State Rep. Lance Harris, R-Alexandria, edged out Democrat Sandra "Candy" Christophe, also from Alexandria, to advance to the December 5 general election.
The 5th District extends from northeast Louisiana into the state’s central region and into portions of Tangipahoa and Washington parishes.
The CUNA-League system is celebrating a victory as they helped elect a credit union-friendly majority in the next Congress, despite a number of races not being called. In Louisiana, the federal PAC the Credit Union Legislative Action Council (CULAC) spent over $20,000 in support of candidates on both sides of the aisle that are supportive of credit unions. In over 400 Congressional races, more than 40 of which were open seats, credit unions have seen a 90% success rate.
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2021 Webinar Lineup Released |
LCUL’s 2021 webinar lineup includes 129 webinars in 13 diverse categories to cover the training needs of everyone on your team.
These carefully selected 90 minute sessions are presented by well-respected, knowledgeable industry experts providing you the need-to-know information about today’s dynamic credit union environment. New topics will be added as late breaking issues and regulations arise.
We want to help you trim your training budget with additional cost saving bundled pricing options:
- $80 savings on any 4-part series: Credit Analyst, E-Signature, Flood & Job Specific BSA
- $200 savings on any 6-part series: Collections, New Accounts & Remote Workforce
- $50 savings on Sale Webinars which are archives on consistent, unwavering topics
- $20 savings on nine new shorter one hour sessions
- Customize your savings from 5% to 25% overall by purchasing subscription tokens that never expire applicable to all regular priced webinars.
To see the full year at a glance in a printable PDF, click here or check out our topics by category on our website.
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Upcoming Conferences from your League:
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November 9: Avoiding the Top 5 COVID-Related Collection Mistakes
November 10: IRS Reporting Essentials: Form 1099 & Beyond
November 11: Year-End IRA Actions: Notifications, Reporting & Monitoring, Including SECURE Act & COVID Rule Changes
November 12: Robbery: Critical Steps Before, During & After
November 16: You’re the New Board Secretary, Now What?
November 17: 10 Lessons Learned When a Borrower Dies
November 18: Risk Officer Series: Risk Management Officer: Expectations & Responsibilities
November 19: New 2021 Nacha Rules: Impact, Analysis & Deadlines
November 23: Leading a Remote Workforce
November 30: Handling Formal & Informal Trust Accounts: CIP, Documentation & Compliance
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For a complete listing of educational opportunities available from LCUL, visit the League website. |
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Financial Counselors to Gather to Sharpen Skills & Share Ideas for 2021 |
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Louisiana has well over 500 credit union staffers designated as certified financial counselors, and in 2021 we expect to see more credit union members than ever before turning to counselors as they attempt to climb out of the unexpected financial crisis they are currently facing.
Every good financial counselor knows that the best resource in their toolkit is up-to-date tips and best practices to share with their financially distressed members. In 2021 members will face new struggles as debt leniency comes to an end, and they’ll need your guidance.
No matter when you became a counselor or which certification program you completed, we are committed to keeping your skills sharp at our Financial Counselor Forum on December 7th at the Hyatt Regency New Orleans. Counselors from out of state have been invited to join us as well to expand the conversation to hear what’s working in other parts of the country too. You can choose to participate virtually or participate in person in a safe and socially distanced environment to network and learn from the pros and your peers.
The training day will include:
- Updated post pandemic role plays and scenarios
- Tools to effectively counsel virtually
- Program implementation and expansion ideas
- Marketing and member communication strategies
- Tips, best practices, open forum Q & A and more!
Don’t forget, if you are able to join us in person, be sure to book your room at the beautiful Hyatt New Orleans now to secure our group rate.
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August 2020 CU Trends Report Now Available |
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CUNA Mutual Group's Credit Union Trends Report for August 2020 is now available online and can be accessed in the Resources section of our website, under the heading Performance and Data Resources.
During August, credit unions picked up 318,000 in new memberships, loan balances grew at a 4.3% seasonally adjusted annualized pace, savings balances rose at a 25% annualized rate, firms hired 661,000 workers, nominal consumer spending rose 1% and long-term interest rates rose 3 basis points.
For more information, view the complete report here. If you have problems accessing the information or have additional questions about the research and information services provided by the Louisiana Credit Union League, please contact Lynette Hazelton at (800) 452-7221, ext. 3012 or requests@lcul.com.
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What Field Delivery Can Do For Your Credit Union |
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Webinar: Tuesday, November 17 at 1:30 pm CT
The National Creditors Connection, Inc. (NCCI) is the nation’s premier field contact service company and the industry leader in Risk Resolution Outsourcing. NCCI provides a cost-effective service to resolve your accounts by re-establishing communication between you and your members. NCCI is fully insured, 100% FDCPA and CFPB compliant.
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Campus Federal Participates in Our Lady of the Lake Trunk or Treat Event |
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Campus Federal volunteers participated in a “Trunk or Treat” event hosted by Our Lady of the Lake on Thursday, October 29, 2020, for OLOL employees and their families.
Groups comprised of different departments from OLOL decorated designated areas in a parking lot where OLOL employees were invited to drive so their children could see the decorations and get a bag of candy. Business Development Officers from Campus Federal were assigned “Hawaii” to decorate their spot for the overall event theme, “Around the World,” and enjoyed bringing smiles to the faces of OLOL employees and their children.
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Quote of the Week:
“Infuse your life with action. Don't wait for it to happen. Make it happen."
- Bradley Whitford
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824 Elmwood Park Boulevard,
Suite 200, Harahan, LA 70123
(800) 452-7221
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