Keeping you connected to key credit union news, events, and trends: June 14, 2017
In This Issue
Headline News

L CUL Launches Exclusive Shopping Rewards Program That Benefits Members AND Credit Unions
LCUL is excited to announce the launch of  CU Perks , an exclusive exclusive shopping rewards program that rewards both members AND  affiliated  credit unions.

 In partnership with Retail Benefits, a leading online deals provider, members can earn up to 40% in CU Perks shopping at the same stores they're shopping at today. The added benefit to this program is the opportunity for credit unions to receive rewards from purchases made by their members.

Steven Liberto, LCUL's Chief Administration Officer, commented, "We are excited to launch this program because it's one of a kind and a win-win for everyone. Not only will members earn CU Perks for shopping online, but credit unions will earn extra rewards on top of that."

LCUL will be providing an implementation toolkit for credit unions that provides everything needed to market CU Perks to their membership.

Retail benefits has partnered with thousands of retailers to offer Louisiana credit union members cash back on the online shopping they are already doing. Louisiana credit unions are automatically enrolled in the program with no cost to participate. The only investment for Louisiana credit unions is being a member of the League. 

Click here to learn what CU Perks is all about. For inquires, contact the LCUL at [email protected]. 
Tee High and Let it Fly During LCUL's 2017 Annual Golf Tournament
LCUL's Annual Golf Tournament will be held at Lakewood Country Club on Wednesday, July 26. Registration will begin at 8:00 a.m. with the tournament starting at 9:00 a.m. A full lunch will be provided along with awards and giveaways. 

"LCUL's annual golf tournament has evolved over the years, offering more than just a morning on the greens. It has become a unique opportunity for attendees to enjoy quality time with peers outside the office setting. We incorporate food, fun, and networking to ensure your experience is both enjoyable and beneficial," commented Steven Liberto, LCUL Chief Administrations Officer and golf tournament coordinator.

Click here to register!

 Sponsorship Information:  Individual credit unions, chapters, and convention exhibitors can promote their business, products, and services to credit union CEOs, board members, and senior management on the golf course by sponsoring a hole. For more information, please contact Lacey H. Weaver at (800) 452-7221, ext. 3100.
Latest Issue of President Perspective
Last week, we distributed the latest issue of President's Perspectives, a message from LCUL's President/CEO sent periodically to keep you updated on League strategies and initiatives. In this issue, Anne Cochran discusses the results for the membership survey, affiliation, a mid-year report, and new initiatives like CU Perks.
 
The latest issue can be found out the League website under 'publications' in the Members Resources section.


Callahan to Host Free Webinar Today for Louisiana CUs on How to Get the Most Value in CUAnalyzer
If you have not started your first quarter analysis, now is your chance! Complete 1Q 2017 industry data is now available in CUAnalyzer, which your credit union has access to through its affiliation with the Louisiana Credit Union League

  Log into CUAnalyzer to start analyzing.

Need help getting started? Sign up for the next training on today at 3:00 pm. They'll walk you through how to find the most value in CUAnalyzer. 


CUAnalyzer is open to all employees and volunteers at affiliated credit unions. Unlike other financial analysis tools that presume a high degree of financial literacy, CUAnalyzer's charts and graphs combined with its 5-star performance rating system, analytical text, and ratio definitions put performance in context. Click here for more information.
Pelican Politics

Louisiana State Senator Advocates for CUs at the National Level
The Louisiana Credit Union League has had the pleasure of meeting with Louisiana Senator John Kennedy to share the background of credit unions, what we are about, and what we are advocating for.

Now, the prominent Senator has stepped on a national platform and stressed the need for a reduction or elimination of Dodd Frank for smaller financial institutions.
Kennedy echoed our concerns that have been continually discussed with each visit, phone call and email.
 
"If we accomplish nothing else this year, I want to see us to get our community banks and credit unions out from under Dodd-Frank," said Sen. John Kennedy, R-La.
 
"It's times like this that make us realize how important our advocacy efforts are. If we aren't there sharing our story, someone else is. I applaud Louisiana credit unions for helping us bring light to the important issues such as this to our lawmakers," commented Anne Cochran, LCUL President/CEO.
 
Click here to view the entire article with Senator Kennedy.
CU Cooperative Branching

Conrad Elected Chairman of the Board for CU Cooperative Branching, LLC
We are pleased to announce that Jeff Conrad, CEO of Pelican State CU, has assumed the duties of Chairman of the Board of CU Cooperative Branching, LLC (CUCB), Louisiana's shared branching CUSO.

Jeff started his career with Pelican State CU thirty years ago, serving as CEO for the last twenty-two years. When he began, Pelican had nine employees and $52 million in assets. He has helped the credit union grow to employ more than 200 employees, open twelve branches across the state and increase its asset size to $300 million. Conrad has motivated his team to launch nationally-award winning financial education programs and progressive products that help bring their members from debt to asset building. 

"The success of Pelican State CU is in large part to the dedication and commitment of its CEO. I'm confident in Jeff's ability to provide exceptional leadership as Chair of CUCB. His knowledge and experience will serve as a tremendous asset to the organization's continued success," commented Anne Cochran, President/CEO of LCUL/CUCB.

Also serving on the board of directors are: 
  • Clark Yelverton, CSE FCU (Vice Chairman)
  • Darryl Long, Baton Rouge Telco FCU (Treasurer)
  • Dawn Harris, Campus FCU (Secretary)
  • Michael Hooper, La Capitol FCU
Have You Heard?

Ouachita Valley FCU Participates in Keep America Beautiful
Ouachita Valley FCU recently participated in Keep America Beautiful Campaign in partnership with Ouachita Green. On Saturday, May 20, employees of Ouachita Valley picked up litter along with other organizations around the area.  
Welch, Fontenot, Baudoin Awarded CSE FCU Scholarship
CSE FCU recognized three deserving high school seniors with scholarship awards during the credit union's 73rd Annual Meeting on May 4. Tyler Welch, Taylor Fontenot, and Kayla Baudoin each received $1,000 to go toward their continued education at a college or vocational school program. 
 
Scholarship recipients are selected on the basis of academic record, demonstrated leadership and participation in school and community activities, honors, work experience, statement of goals and aspirations, unusual personal or family circumstances, and an outside appraisal. Selection of recipients is made by Scholarship Management Services, the nation's largest designer and manager of scholarship and tuition reimbursement programs for corporations, foundations, associations, and individuals.
Access of LA FCU Helps Make One Girls Dream Become Reality
Staff and volunteers of Access of Louisiana FCU recently donated items for two separate bake sale fundraisers for Rhiannon Rollins, a former Maplewood Middle School student who was awarded a special opportunity. 

Rhiannon has been a Type 1 Diabetic since 2006, lost her father in 2012, and hasn't let anything get in the way of her dreams. Her mother describes her as "intelligent, mature, hardworking, dedicated, and a great student". Rhiannon was asked to represent Sulphur High 9th grade as a Delegate at the Congress of Future Science and Technology Leaders to be held in Boston this summer. Rhiannon must attend the event to receive the award with attendance being used towards college credits.

The credit union is a partner in education with Maplewood Middle School, who also donated items to the bake sale to help Rhiannon.  Donations from the bake sale totaled $933, which exceeded her goal.

"When this was brought to the credit union, we jumped at the chance to help without hesitation. Not only do we want to help our members financially succeed, but it's just as important to help achieve any other goals they have. This may be a small act of kindness, but it lead to a huge impact on a young girl's life. That's what credit unions are all about," commented Michelle Jinks, President/CEO of Access of LA FCU.

Pictured Coach Thomas Rogers, Maplewood Middle School, Rhiannon Rollins, and Kim Richard, Branch Operations Manager at Access of LA FCU

Quote of the Week:
"When you're surrounded by people who share a passionate commitment around a common purpose, anything is possible."
- Howard Schultz

Register for LCUL's Annual Meeting & Convention Today!

Educational Calendar
Upcoming Conferences & Seminars from your League:    

June 21-22: Underwriting & Collections: Understanding the Roles and the Importance of their Relationship  
July 26-29:  LCUL's Annual Meeting & Convention
 
Upcoming Teleconferences & Webinars from your League

June 15: Debit Card Chargebacks: Rules, Rights, Challenges & Best Practices
June 20: Supervisory Committees: Understanding Expectations & Avoiding Landmines
June 21: Real Estate Series: Adverse Action in Mortgage Lending: Are You in Compliance?
June 22: BSA Compliance Series: New BSA Officer Training
June 27: My Borrower Filed Chapter 11 Bankruptcy - Now What?
June 28: The Top 10 Things You Need to Know About the CFPB's Amendments to Mortgage Servicing Requirements Before October 19
June 29: ACH Specialist Series: Same Day ACH: Preparing for Processing Debits, Effective September
July 6: Director Series: Effectively Assessing Credit Risk & Defining Credit Risk Appetite for Directors
July 10: Wire Transfer Security Issues: Regulatory Guidance, Risk Management & Monitoring
July 12: Regulatory Requirements When Employees Work from Home: Overtime, FMLA, ADA, Safety & More
July 13: Call Reports: Financial Statements & Schedules B-E
July 18: Creating an Effective Suspicious Activity Program: 
July 19: Regulation E Series: Regulation E Fundamentals: Back to Basics
July 20: Working with Troubled Members: Loan Extensions, Deferments, Re-Aging, Refinancing & Incentives
July 25: 20 UCC Provisions You Must Know When Cashing or Depositing Checks
July 26: E-Compliance Rules, Policies & Best Practices for Email, Web, Mobile & Social Media
July 27: Risk Management Series: Conducting a Fair Lending Risk Assessment
     
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
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(800) 452-7221   www.lcul.com