Keeping you connected to key credit union news, events, and trends: July 15, 2020
In This Issue
Headline News

Raven Solomon Discusses Relevant Issues Facing CUs During PIVOT
Closing Keynote: Exploring the Intersection of Generational Diversity & Social Responsibility

As credit union professionals, volunteers and members, we are people who help people. Cooperation is at the core of who we are. These differences impact the way we experience the world, what we understand to be normal, how we show up at work and how we view social responsibility. 

Join Raven Solomon, our closing keynote session at PIVOT 2020, as she helps us understand the unique differences we have across generations and how those differences impact the way we view social responsibility and our role within it. Attendees will learn how their colleagues, volunteers and members of different generations are processing the current events of our world and why they might be responding the way they are. Attendees will be left with ideas and next steps to better cooperate across generations in order to create inclusive, equitable environments that contribute to the development and evolution of our communities.

Take a minuet to watch the video and share Raven's excitement about our upcoming program. 


Last Call! Catalyst Corporate FCU Offering 20 YPN Scholarships to PIVOT
Calling all YPN Members: our 'Friends' at Catalyst Corporate FCU are sponsoring twenty YPN members to attend LCUL's PIVOT 2020 for FREE. Catalyst will be covering the registration fee for the Friday, August 7th education sessions. Click here to view the brochure showcasing all this event will offer.

Want to get in on the action? Get your supervisor's permission and email [email protected] with the following statement: Yes, I have the permission of my supervisor to enter my name for the YPN Scholarship to PIVOT 2020!

Entries are due by 4:00 pm on Friday, July 17. Random drawing will take place Friday, July 24.      
Gov. Edwards Issues New Orders
On Saturday, Gov. John Bel Edwards announced a mandatory mask requirement for Louisiana and ordered bars in the state closed to on-premises consumption, as the state experiences increasing spread of COVID-19. The Governor also limited indoor social gatherings like wedding receptions, class reunions and parties to 50 total people. With these additional restrictions, Louisiana remains in Phase Two of the Roadmap for a Resilient Louisiana.

Click here to read the entire release.
Professional Development

Last Chance to Register for Liquidity Roundtable Discussion


Next Tuesday afternoon join LCUL Sr. VP Susie Fair as she facilitates a panel discussion on Covid 19's impact on your liquidity management. Featured panelists will include Ancin Cooley of Synergy Credit Union Consulting and some of your local peers sharing experiences and insights. Questions and open discussion will be encouraged. There is no fee but advance registration is required. To reserve your spot, click here.
Online Four-Part Compliance Series


Operational and lending compliance will be the focus of four online trainings presented by Michael Christians. Participants may choose the full series or individual sessions to best match your training needs. All trainings will be presented live from 9am - 11am CST on dates listed below.
  • Monday, August 17 - Deposit Accounts & Credit Union Operations, Part 1
  • Wednesday, August 19 - Deposit Accounts & Credit Union Operations, Part 2 
  • Monday, August 24 - Consumer Lending Compliance
  • Wednesday, August 26 - Real Estate Lending Compliance
 
For additional session details and pricing click here.   
Business Solutions

Sprint Program Sunsets on July 31
T-Mobile officially completed its merger with Sprint Corporation on April 1, 2020. As the companies combine their customers and retail stores under a single T-Mobile banner, the Sprint brand will be going away, and with it, the Love My Credit Union Rewards Sprint offer will discontinue on July 31, 2020.

For more information, contact Steven Liberto.
Condolences

Former Barksdale FCU Board Member Passes
It is with great sadness that Barksdale FCU announce the passing of Retired Chief Master Sergeant Virgil Barnette on June 20, 2020 at age 90 due to the COVID-19. Mr. Barnette served as Chairman of the Board of Directors for 40 years. 

Mr. Barnette was a man who epitomizes the term quiet leader.  He was a good, principled, intelligent man who people wanted to follow. He recognized that as Chairman his words carried weight and he used them judiciously.  When he spoke, everyone listened.

Barksdale FCU has been very successful with Virgil as Chair and his decisions over the years have resulted in the credit union being one of the most successful financial institutions in the state. To staff and official family, it has been Mr. Barnette's quiet and steady leadership that has been most instrumental in the growth and success of the credit union and its reputation within the credit union movement.
Have You Heard

Three CUs in Louisiana Earn Forbes' Best-In-State Credit Unions Ranking
To gauge which financial institutions have the most satisfied customers, Forbes partnered with market research firm Statista to survey nearly 25,000 people in the U.S. about their banking relationships. The result is the third annual look at the Best-In-State Banks and Credit Unions.  Making Forbes list of best CUs in Louisiana are:
  • La Capitol Federal Credit Union 
  • Ouachita Valley Federal Credit Union     
  • Barksdale Federal Credit Union 
Institutions were scored on overall recommendations and satisfaction, as well as five sub dimensions: trust, terms and conditions, branch services, digital services, and financial advice. Of the 5,236 credit unions nationwide, just 3.5% made the list.
Wymar FCU Executive Vice President Announces Retirement
Wymar Federal Credit Union announced today that Executive Vice President, Stephanie Frederic, will retire effective October, 2020.  Stephanie spent the last 8 years of her career with Wymar. She has been an integral part in Wymar's growth and is very passionate about the credit union movement. 

"To say we will miss Stephanie is an understatement.  She has been an invaluable part of this team and a huge part of why Wymar is where it is today.  She leaves behind some big shoes to fill.  We wish congratulations on her accomplishments and all the best in her retirement.", commented Ronnie Stephens, the current CEO of Wymar, 

Wymar is conducting a search for a new Executive Vice President.  Please send resumes to [email protected].
Neighbors FCU Raiser $30,580 for GBR Food Bank
In the wake of the COVID-19 pandemic, Neighbors FCU launched the " Every Swipe Counts " campaign to raise $30,580 for the Greater Baton Rouge Food Bank.
 
NFCU committed five cents for every qualified debit card purchase from its Free Cash Back Checking accounts from April 1 through June 30 to the Food Bank.
 
"We're thrilled to expand our relationship with the Greater Baton Rouge Food Bank," Neighbors President and CEO Steve Webb said. "We've conducted many food drives in the past and enjoyed volunteering with the food bank annually for Neighbors Day. We are excited about this new opportunity to provide financial support as the Food Bank's needs are more dire than ever before."

Approximately, 1 in 7 adults and 1 in 5 children in the food bank's 11-parish service area are food insecure. The Greater Baton Rouge Food Bank is reporting that the number has increased exponentially during this pandemic.
La Cap Launches Membership Rewards
In order to show appreciation to credit union members, La Capitol Federal Credit Union has launched a membership reward program. The program will reward members by depositing cash into their regular savings accounts at the end of a specified 12 month period. The amount of cash rewarded will be based upon the types and number of certain accounts the member has open in good standing for the entire 12 month period.

Members must have a La Cap checking account and be enrolled in online banking and e-statements in order to qualify for the membership reward. The reward for a checking account in good standing for 12 months is $20. The rewards increase for those who also have savings accounts, auto loans, credit cards, and mortgages through La Cap.

"La Cap is a member-owned credit union," said Michael Hooper, President and CEO of La Capitol FCU. "We launched this program because we want to show our members how much we appreciate them and reward them for their loyalty.
Quote of the Week:
"Thought is what changes knowledge into energy."
- Dorothy L. Sayers

Educational Calendar

Upcoming Conferences & Seminars from your League:

August  7: PIVOT 2020
August 21:  BSA Officer Training

Upcoming Teleconferences & Webinars from your League:
 
July 16:  HMDA:
Still a Four - Letter Word?
July 20:  Regulation E Myth Busters
July 21:  Responding to Garnishment & Levy  Demands
July 22:  Call Report Financial Statements B - E
July 23:  Boards Behaving Badly: Handling Unruly Directors
July 27:  Effective Now! New
FinCEN  Guidelines for Banking Hemp - Related Businesses
July 28:  Handling 
Consumer Complaints & Disputes
July 29:  Beneficial Ownership Rules for Business Accounts & Loans
July 30:  Lending to Self
- Employed B orrowers

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