Headline News

LCUL to Host Second Virtual Roundtable with Focus on Reopening
As credit unions have begun to shift their planning to re-opening, LCUL has gathered another round of industry experts that include Ed Reisinger and Jonathan Kudulis of KRP Law Firm as well as Carlos Molina from CUNA Mutual Group to provide guidance on re-opening. This virtual roundtable will take place on Friday, May 8 at 10:00 a.m.
 
The following topics will be discussed on the call:
  • CDC Guidelines
  • Security Issues, Concerns
  • Fraud Schemes related to COVID-19
  • FMLA and general employee availability
There is no cost but registration is required. Click here to register. We will send out log in information prior to the call.
 
Have questions? Participants are encouraged to submit questions in advance by emailing support@lcul.com by 3:00 p.m. on Thursday, May 7.
Louisiana CU Foundation Announces Special COVID-19 Grants,  Adopt-a-Credit Union Program
In response to the coronavirus disease (COVID-19) pandemic, the Louisiana Credit Union Foundation is implementing a new program to assist credit unions through this difficult time.

Grants up to $1,500 are available to help small credit unions (up to $25 million in assets) to offset unexpected COVID-related expenses. The focus for the grants is to help credit unions create and maintain a safe and healthy office environment.
 
Credit unions must complete a grant request form one the League website. Credit unions may be required to provide a report of how the grants were used within 8 weeks of receiving the funds. Credit unions can also visit the league's website for additional guidelines.
 
Want to adopt a credit union?
 
Credit unions who have the means can support their own by donating $1,500 to Louisiana Foundation on behalf of a smaller credit union to help provide necessities such as adding protection to work stations, sanitizing stations, 6ft marker kit, masks, gloves and more. The funds will not only go directly to Louisiana credit unions, but it will help build up the funding should we need to activate the disaster recovery grants this upcoming hurricane season.
 
If your credit union would like to participate, please email communications@lcul.com.

Clarification Needed to Allow FCUs Access to COVID-19 Tax Credits
Immediate clarification on whether federal credit unions are able to access payroll tax credits in COVID-19 relief legislation is needed, Reps. Linda Sanchez (D-Calif.) and Ron Estes (R-Kansas) wrote to Treasury Secretary Steven Mnuchin Tuesday. The credits include paid sick leave and required paid family leave from the Families First Coronavirus Response Act as well as the employee retention credit in the CARES Act.

The legislative language states the credits are not available to "certain governmental employers" but Sanchez and Estes are concerned the language unintentionally includes federal credit unions.

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Professional Development

New Dates! LA/MS Volunteer Conference Moved to November