Headline News

LCUL's 2020 CULAC Candy Sale is Underway!
LCUL's 2020 CULAC candy sale is officially underway. Credit unions can now place orders online through our web portal. Below are a couple of reminders:
  • All orders must be placed through our website
  • There will now be THREE opportunities to place orders (January 17, February 13, March 5)
  • Those with an initial order of 50 boxes or more will have your order drop shipped to your credit union directly.
  • Return Policy: Due to the perishable nature of the candy, no candy may be returned this year.
  • Additional information such as distribution locations and promotional marketing material can be found on the League's website.
Remember, selling candy is a simple way for your credit union to support CULAC. If you did not sell candy last year and are interested in learning more, please contact the CULAC team today!  
December 2019 Credit Union Trends Report Now Available Online
financial trends
CUNA Mutual Group's Credit Union Trends Report for December 2019 is now available on the League's website

During October, credit unions picked-up 158,000 in new memberships and loan balances grew at a 6.3% seasonally adjusted annualized pace while savings balances rose at a 9.7% annualized pace. Firms hired 156,000 workers, nominal consumer spending increased 0.2%, and long-term interest rates increased 1 basis point. Third quarter economic growth came in at 2.1% and grew 2.1% from the third quarter of 2018.
 
For more information, view the complete report here. If you have problems accessing the information or have additional questions about the research and information services provided by the Louisiana Credit Union League, please contact Danielle Thibodeaux at (800) 452-7221, ext. 3018 or requests@lcul.com.
Professional Development

Do you know what your Efficiency Ratio is?  What about your loans to shares? Find out the story these numbers tell. 

You don't have to be a "numbers" person to gain a basic understanding of key ratios that tell an important tale about your credit union's financial position in today's economy. 

Regardless of your role, all staff of should have a basic understanding of certain ratios such as Return on Assets, Efficiency Ratio, and Loans to Shares. Join LCUL and Tim Gardner on February 11 in Baton Rouge to gain that understanding in layman's terms using everyday credit union scenarios.    
 
Leigh Porta of Pelican State Credit Union attended this workshop last fall and said, "This is an excellent course and I highly recommend it to anyone seeking to deepen their knowledge of key ratios and to learn how the economy effects pricing at our credit unions. Tim is energetic, passionate and really fun to listen to."

Click here for more information.
Business Solutions

Expansive Network of Buyers and Sellers Helps Propel Catalyst Corporate's Loan Participation Program Past the $3 Billion Mark