Headline News

YPN, Louisiana Foundation Announce Winner of Annual DE Scholarship; LCUL to Offer Opportunity to Two Lucky Applications
2020 CUDE Scholarship Annoucement
LCUL, the Young Professionals Network (YPN), and the Louisiana CU Foundation is pleased to announce that Jessica Nugent (Ouachita Valley FCU) is the winner of a full scholarship to attend Credit Union Development Education (CUDE) in Madison in 2020.
 
Working in partnership, the annual scholarship is awarded to help reinforce, understand and value the differences in the credit union business model. After completion of the program, the scholarship recipient will prepare a brief summary of his/her educational experience to share with the Foundation and YPN.
 
Because of the overwhelming number of applicants, LCUL is excited to offer a partial scholarship to the second and third place applicants.  Armand Parvazi (New Orleans Firemen's FCU) and Abby Warnka (First Pioneers FCU) will have the opportunity to attend this one of kind training at half the cost.

"Focused on financial education and professional development initiatives, LCUL is dedicated to providing the resources for credit union professionals to prosper and thrive. We are thrilled at the level of excitement and happy to be able to offer this opportunity to Armand and Abby," commented Bob Gallman, LCUL President/CEO.
 
For more information on the CUDE program, please visit the National Credit Union Foundation web site.
LCUL President/CEO Responds to Latest LBA Attack on Credit Unions
Last week,  Robert Taylor, CEO of the Louisiana Bankers Association (LBA), pushlished an op-ed titled 'credit unions should pay their share of federal taxes', urging congress to 'bring credit unions into the 21st century with fair taxation and regulation that protects the public'. Due to the local coverage focusing on the national championship, LCUL submitted a response earlier this week to ensure a greater visibility. Click here to read the article .

In our response, LCUL President/CEO Bob Gallman reminded readers that credit union earnings are returned to member owners, who are taxpayers themselves. Therefore, taxing credit unions is an additional tax on 119 million Americans, including 1.2 million credit union members in Louisiana.

In the article, Taylor also questions why credit unions are exempt from the Community Reinvestment Act, a law requiring banks to invest and serve their communities. Gallman stated that through their very structure and mission, credit unions invest in the communities they serve every single day.

We will continue to monitor the different media channels and take proper action. For more information, please contact Lacey Weaver, SVP of Member Engagement.  
Shared Branching

CUCB, CO-OP Shared Branch Continue to Grow
The CO-OP Shared Branch network continues to grow and for the first time credit unions now have the largest branch network in the country with over 5,900 locations nationwide.  

CUCB would like to contribute to the growth by adding more outlets to our network.  If you are an issuer only credit union, consider becoming an acquirer.  CO-OP offers an affordable acquirer solution called CIMple Teller for any credit union whose Core is not certified to the acquirer side of the CO-OP Shared Branch switch.   

Contact us today for more information!
Business Solutions

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