Keeping you connected to key credit union news, events, and trends: August 15, 2018
In This Issue
Headline News

And the 2018 International Credit Union Day® Theme Is...
Today, the World Council of Credit Unions announced the 2018 International Credit Union (ICU) Day® theme, "Find Your Platinum Lining", celebrating the spirit of the global credit union movement for 70 years.

This year's ICU Day theme combines the traditional gift of platinum for 70th anniversaries, a play on the saying "every cloud has a silver lining" and a celebration of the platinum-lined differences and impact credit union and other financial cooperatives have made and continue to make for their members and communities.
 
ICU Day® is celebrated annually on the third Thursday of October and will take place this year on October 18.
 
Through ICU Day festivities worldwide, credit unions raise awareness through outreach and volunteering in the community, organizing contests, charitable fundraisers, and open houses.

Official ICU Day posters and logos are available for download and print. The  Credit Union National Association (CUNA)  offers a variety of promotional resources to help with ICU Day celebrations. Credit unions everywhere are encouraged to share photos, events, experiences and other festivity ideas on Facebook, Twitter and LinkedIn using #ICUDay.
Silent Auction, Band-Aid Drive Success Proves Louisiana Credit Unions Practice What They Preach: Check Out the Results!
YPN Silent Auction
 
Thanks to the generosity of Louisiana credit unions, the Young Professionals Network (YPN) successfully raised $4,792 during this year's silent auction at the League's Annual Meeting & Convention. An exciting component to convention, the silent auction included more than 60 items to bid on with proceeds split equally between the YPN and the Louisiana Credit Union Foundation. 
 
"We would like to thank the credit unions, chapters, and industry supporters that helped make this possible. Likewise, the convention participants that stepped up to place bids helped us raise even more than last year," said Michelle Jinks, Access of Louisiana FCU CEO and YPN Committee Chair. "The donation will help support and enhance education opportunities, including our latest initiative, the Credit Union Development Scholarship Program."
 
Children's Hospital Band-Aid Drive
 
Anyone who has been around kids under the age of 12 can attest to how important the right band-aid. LCUL asked attendees to donate boxes of character band-aids to benefit Children's Hospital during our convention August 1-4. Thanks to the generosity of our credit unions, LCUL will be delivering 249 boxes of band-aids to Children's Hospital, surpassing last year's totals.
 
The outreach was started after Rene Guilbeau, hospital Director of Child Life and Creative Therapies, was looking for small ways to bring joy into the patient experience.  "Kids have very few opportunities to make their own choices while they are patients, and something as small as picking out your own band-aid can mean a lot", said Guilbeau.  
NCUA provides exam modernization updates
NCUA NCUA's latest letter to credit unions (18-CU-01) provides an update on five Examination Modernization Initiatives designed to  improve and modernize  how the agency conducts examination and supervision.

The NCUA board approved five initiatives to modernize agency examinations: the Flexible Examination Pilot Program (FLEX); Office of National Examinations and Supervision (ONES) Data Driven Supervision; the Shared NCUA-State Regulator Federally Insured, State-Chartered Credit Union (FISCU) Program; the Enterprise Solution Modernization Program (ESM); and the Virtual Examination Program.

Click here to continue reading.
Reminder: CDFI & Lending in Baton Rouge on August 21
Strengthening the CDFI Sector to  Play a More Effective Role in Louisiana

Louisiana credit unions are invited to a roundtable convening of industry leaders in Baton Rouge on  Tuesday, August 21 from 10:00am - 2:00 pm to discuss pressing issues facing the local movement, including combating predatory lenders and advancing the work of CDFI credit unions.
 
This half-day event will provide an opportunity to:
  • Examine the harms of payday lending among our members and communities
  • Explore coordinated responses from the credit union movement to educate and empower consumers against these predatory players
  • Establish a taskforce to develop an ongoing strategy for combating payday lending and advancing the work of CDFI credit unions
  • Network and build cohesion among Louisiana CDFI credit unions
Lunch will be provided for all registrants. Click here to register for the event!

To learn more, please contact Jules Epstein-Hebert, Federation Program Officer of Membership Services, at [email protected].
Professional Development

New Laws & Compliance Conference: Hotel Block Closes September 3
new laws
LCUL brings together top presenters including Veronica Madsen, Jonathan Kudulis, and Richard Handrick to keep you informed of the latest legal and compliance changes that loom on the horizon.  

This conference is your one-stop shop to ensure you stay ahead of the updates that affect your credit unions and your membership.
Join us for topics that include:
  • The recent passage of SB2155 and what it means to credit unions.
  • Cybersecurity Compliance from A-Z
  • Update of Fair Lending and UDAAP
  • The Military Lending Act
  • Customer Due Diligence on Individual Accounts
  • NCUA Supervisory Priorities
  • Louisiana Specific Legal Changes
  • Compliance Idol: peer to peer idea sharing that asks attendees to bring a best practice, a success story, a current challenge or pose a question to the group.
News from CUNA Mutual

CMG's FREE Discovery Conference is Tomorrow!
Have you Heard?

Neighbors FCU VP of Marketing Graduates from Southwest CUNA Management School with Honors
Brett Reynolds, Neighbors FCU Vice President of Marketing, was among 41 graduates of Southwest CUNA Management School. Reynolds was Louisiana's sole representative in this year's class, graduating from the program with honors.

Honors designees must create a comprehensive, high quality, strategic business plan for their credit union; illustrate on a broad level the potential impact of strategic decisions across operations; display a mastery of financial management; and successfully deliver an oral presentation on their strategic initiative.

In recognition of his work while enrolled in the program, Reynolds was selected to speak at the Cornerstone League's Credit Union Leadership Conference and Expo in San Antonio, September 6-8 for an Innovation Spotlight presentation.
Campus Federal Conducts Financial Education Workshops at Back to School Celebration
In partnership with Abishur Inc. and the LSU Office of the President, Councilwoman Tara Wicker hosted a Back to School Celebration, "Getting Back to the Business of Education," on Saturday, August 4 for members of the community in Old South Baton Rouge.

Workshops, presentations and more were held at the Business Education Complex at LSU E.J. Ourso College of Business during the event. Campus Federal conducted financial education workshops for students and parents focusing on Savings, Credit and Budgeting. At the conclusion of the program, students in attendance received book sacks containing school supplies.    
Quote of the Week:
"Every good conversation starts with listening." 
- Tom Haak
Educational Calendar
Upcoming Conferences & Seminars from your League:

August 22-23: Branch Manager Forum 2.0
September 18-19: New Laws & Compliance Conference
October 10-11: Marketing & Business Development Conference
October 24: Intermediate Accounting
November 13: IRA Update

Upcoming Teleconferences & Webinars from your League:

August 16: Fair Lending Comparative File Review
August 21: Conducting the Annual Physical Security Review
August 22: Stress Testing Your Loan Portfolio
August 23: Opening Minor Accounts
August 28: When ACH Fraud Occurs: ODFI & RDFI Responsibilities & Liabilities
August 29: Managing Provisional Credit Under Reg E
 August 30: Regulatory Requirements for the Board & Senior Management
September 5: Imaged Documents & Checks: Regulations & Legal Concerns
September 6: Complying with Reg Z Rules for HELOCs
September 11: New BSA Officer Training: Requirements & Real-Life Scenarios
September 13: Mortgage Lender Training Part 1
September 18: Board Governance Essentials
September 19: Maximizing Recoveries on Charged-Off Loans
September 20: Measuring the ROI of Your Digital Marketing Strategy
September 25: Vendor Outsourcing: Due Diligence, Contracts, Risks & Oversight
September 26: Managing the Employment Termination Process

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