Headline News

LCUL Extends Postponement of In-Person Trainings as New Stay at Home Order Issued

On Monday, Louisiana Gov. John Bel Edwards extended the state's stay-at-home order involving harsh restrictions to limit face-to-face contact until at least April 30, in line with similar guidance from the White House.

As a precautionary measure, LCUL has decided to postpone in-person events and trainings until June 1. Following increased and overwhelming concerns, our management team felt this was the best way to proceed during such an unprecedented global situation. We will continue to update credit unions as information becomes available. For questions, please contact our Professional Development team.
COVID-19 Relief Bill with Credit Union Provisions Signed into Law
President Donald Trump has signed into law the latest coronavirus disease (COVID-19) relief bill Friday, one with several provisions for credit unions. CUNA/League advocacy helped ensure credit union provisions in the bill include language:
  • Making credit unions eligible to participate in the paycheck protection program, which would allow for 100% federally guaranteed loans to small businesses that maintain their payroll;
  • Reestablishing the Transaction Account Guarantee Program, in which the government guarantees certain noninterest-bearing transaction accounts;
  • Including credit unions in troubled debt restructuring, allowing credit unions to further modify existing loans;
  • Expanding NCUA's Central Liquidity Facility, which serves as a liquidity lender to credit unions experiencing unusual or unexpected liquidity shortfalls.
  • Including credit unions in a current expected credit loss (CECL) delay for those entities currently required to comply with CECL.
We understand the bill is complicated, especially when pertaining to SBA loans and Paycheck Protection Program. The League is working with our strategic partners to provide a brief summary for our credit unions. For additional questions or concerns, please contact the League's advocacy department.
LCUL Reassures Consumers That Credit Unions Continue to Put Members First 
LCUL distributed a statewide release last week reminding consumers that credit unions are ready and able to assist member with the financial needs. The release reminded consumers that the hallmark of the credit union's structure is service to members and that, in addition to continuing their operations, credit unions are offering additional assistance to members in a variety of ways.

Click here to read the full release.

Professional Development

LCUL, CU Webinar Network Offering Special Discount on First Class Webinars