Keeping you connected to key credit union news, events, and trends : March 11, 2015
In This Issue
Headline News

Live From the CUNA GAC: Nussle Meets with Louisiana Attendees; LCUL Wins 2 CULAC Awards

Nearly 80 Louisiana advocates are taking the credit union message to Capitol Hill today as part of CUNA's 2015 Governmental Affairs Conference. The group will meet with Senators and Representatives to share credit union stories and experiences.
 

The credit unions' largest gathering of advocates kicked off Monday with CUNA President/CEO, Jim Nussle enthusiastically rousing the nearly 5,000 credit union leaders during his opening remarks in the morning session.

 

Nussle's message was simple and clear: Engage our members. "Politicians listen to people because people vote-not associations. So, if we're going to be the kind of strong organization we need to be in order to bring our message to Washington even more effectively, and go on offense, then we need to engage people that have never been engaged before" stated Nussle.

 

In the afternoon session, Louisiana credit unions were called to the stage in recognition of their CULAC Vanguard Award for achieving highest percentage raised over their political fund raising objectives in 2014. Louisiana raised the highest percentage of goal in the country at 413%. Additionally, Louisiana came in second for total dollars contributed.
 
Last night, LCUL hosted an annual group dinner for Louisiana attendees. We were fortunate to have Jim Nussle, CUNA President & CEO, join the group for dinner. CU professionals had the opportunity to meet one on one with Nussle in an intimate environment to discuss the movement in our state.

 

"Jim (Nussle) was just a pleasure to meet with. The conversation was great and credit unions really valued their time with him. His energy and passion is contagious and we look forward to working with him and his team at CUNA," commented Anne Cochran, LCUL President & CEO.

 

Earlier this morning, Louisiana attendees met at the historical CU House for a legislative briefing with Jeff Brooks with Adams & Reese. Later this afternoon, the group will meet at our nation's Capital to discuss credit union issues with Louisiana Senators and Representatives.

 
Follow the League's Facebook page for more updates on the CUNA GAC.

The Numbers Are In: Louisiana CU Year End Facts

The state of Louisiana ended the year with 199 credit unions, dipping under the 200 mark for the first time.  This is a loss of 7 credit unions from the 2013 year end information reported by NCUA.  Membership was over 1.2 million at the end of 2014, a marginal increase of just under 400 members from 2013. Year end 2014, 94 credit unions were under $10 million in asset size (47%) and the number moves to 125 under $20 million (62.8%).

 

Credit union assets for the state totaled over $9.9 billion, about a 5% increase from 2013, assets year-end of $9.5 billion.  Loans on the books were over $6.3 billion, for a statewide average of about 64% loans to assets.  This amounts to 8% growth in loans from the previous year's totals.  Credit unions earned almost $48 million in net income for the year, with 59 credit unions experiencing negative earnings in 2014, down from 76 that reported negative earnings for 2013.  This income figure is up about 11% from the 2013 year end net income reported to the regulator.

 

This information was obtained from data available at www.ncua.gov  for Louisiana credit unions reporting yearend for 2013 and 2014.

NCUA Board Chair Charts 5 Areas Where Agency Will Act During CUNA GAC
Credit unions can look forward to regulatory relief in the coming year, National Credit Union Administration Board Chairman Debbie Matz said.

"Since 2011, NCUA has streamlined and improved eight regulations to provide lasting relief for credit unions, but we're not done yet," Matz said. "I'm committed to making 2015 the year of regulatory relief."

Matz described five areas in which NCUA will work to provide regulatory relief: supplemental capital, fields of membership, fixed assets, asset securitization, and member business lending. This relief will help credit unions compete in a rapidly evolving marketplace.

Matz made the comments during a keynote speech to the Credit Union National Association's annual Governmental Affairs Conference. The full text of her speech is available online here.

5 Challenges: Enhancing Women's Leadership in CUs

WOCCU With support from the World Council of Credit Unions and Global Women's Leadership Network, Filene Research Institute has released a report on the status of women's leadership within the credit union industry.

 

The report found that women are more likely to begin working in low-level industry positions and-despite similar stated ambition-are less likely to achieve executive-level status than men. The survey assessed demographic characteristics, self-perceived leadership styles, impressions of male versus female leadership attributes, various credit union climates and family responsibilities.

 

Click here to view the full article. 

Register Today for SRCUS Directors Conference in New Orleans
Registration for the Southeast Regional Director's Conference is now open! 

This event, scheduled for June 7-10, provides the opportunity to hear from a wide range of nationally acclaimed speakers on important issues to the ever changing financial industry. The focus of this conference is to help you gain a better understanding on your role as a CU Director and to strengthen the relationship between you and CU management. Don't miss this chance to meet with your peers in an environment truly focused on your professional development. 

March Dividend & Loan Pricing Guidelines Available on www.lcul.cm

The Louisiana Credit Union League is pleased to provide member credit unions with monthly dividend and loan pricing guidelines, as well as Money Market Trends, available via our website at www.lcul.com. Guidelines for March 2015 have just been posted. You can access the page directly by clicking on the following link: http://www.lcul.com/Research__Information_228.html.

 

These guidelines are provided by Dr. Charles R. Idol, ALM Consulting & Research. Dr. Idol can be reached at (423) 212-0690 or cridol@charter.net 
Compliance Corner

Are You Taking Advantage of ComplySight?

The folks at League InfoSight have been getting questions about the current ComplySight users, so they decided to share some national statistics. As you can see from the asset size breakdown below, there are quite a diverse group of credit unions utilizing ComplySight. The smallest credit union being slightly over $340,000 in assets, and the largest being close to $6 billion.

Asset Size

Licensing Agreements

SAS (under 50MM)

97 credit unions

MID (50-250MM)

47 credit unions

Large (over 250MM)

34 credit unions

 

This credit union diversification shows how versatile ComplySight is and how easy it is to customize for credit unions of all asset sizes. For more information, contact LCUL's Compliance Department at compliance@lcul.com. 
Quote of the week: 
 "The way you give you name to others is a measure of how much you like and respect yourself."

- Brian Tracy

Educational Calendar
  Upcoming Conferences & Seminars from your League:  

 

April 7: Mortgage Compliance

 

Upcoming Teleconferences & Webinars from your League:

                              

March 12: Enterprise Risk Management: The Roles of the Board & Supervisory Committee

March 18: Flood Insurance Compliance Review & Update

March 19: HR Series: Performance Management: A Seasoned Supervisor's Guide

March 24: Social Media Content Strategies for Visibility & Positioning of Your CU Online

March 25: The TILA/RESPA Integrated Disclosure Line-by-Line Part 1: Loan Estimate

March 26: Director Series: Evaluating Your Board & CEO 

 

For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".

 
Copyright � 2015 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com