Keeping you connected to key credit union news, events, and trends: July 25, 2018
In This Issue
Headline News

2018 Convention Update: Submit Your Questions for Q&A Session with LCUL's New CEO


Last year, we added 30-minute hot topic sessions to our convention lineup and based on attendee feedback, they were an overwhelming success. This year, we're brining them back with one session being an interactive Q&A session with LCUL's new President/CEO.

Our 2018 emcee will host a casual conversation on the main stage as Bob answers questions asked by YOU. Attendees can submit questions at a special location during the event or you can submit them beforehand by emailing [email protected]. Remember, anything goes so don't be shy. Bob is ready and willing to answer the hard hitting questions and those that will help us get to know him more personally. Either way, join us on Friday at 3:10 p.m!

Questions on our upcoming convention? Contact the League's convention team .
Victory for credit unions on military bases; See How Louisiana's Delegation Voted
Credit unions will continue to be able to meet the financial services needs of America's servicemen and women on military installations in the 2019 National Defense Authorization Act (NDAA). The Leagues and CUNA led the charge to strike a provision in the House version of the NDAA that would have put credit unions at a disadvantage when serving members on military bases.
 
Section 2808 of the House version of NDAA was designed to treat federal and state-chartered insured depository institutions equally, but the legislative definition excluded credit unions. "While we believe this was an unintended drafting error, the blanketed term may have put hundreds of military credit unions in jeopardy," said CUNA President/CEO Jim Nussle.
 
Under the Federal Credit Union Act, on-base credit unions are exempt from the costs associated with leases, utilities, and services, which includes the furnishing of office space and/or land and ATM placement.
 
LCUL initially contacted Anthony Hernandez, President/CEO of the Defense Credit Union Council, and our Louisiana credit unions with branches on military bases. All agreed that this legislation could impact operations.
 
LCUL reached out to the Louisiana Congressional delegation expressing concern with this provision and then followed up with a letter to Louisiana Representative Ralph Abraham who also serves on the Armed Services Committee, opposing the provision. We are proud to report that our delegation voted in favor of credit unions.
Bite of Reality App Grants Now Available from Foundation

Grant Funds Available to Add Technology to the Reality Fair Experience
 
Credit union organizations can now apply for a Bite of Reality App Grant from the National Credit Union Foundation (the Foundation) through August 31, 2018.

The Foundation is looking to distribute up to $50,000 in grant funds to credit union organizations as part of this effort.
 
The RMJ Foundation developed a Bite of Reality App to modernize reality fairs and add technology to the in-person reality fair experience, allowing students to use their mobile phone or tablet during the fair in place of pen and paper.  Using media that is second nature to them allows students to fully immerse into the reality fair experience. The Bite of Reality App replaces student materials - notebooks, calculators, pencils, checkbooks, and worksheets - while still requiring the students to engage with the volunteers and navigate the hard sales environment that is integral to the reality fair experience. 
 
"The Foundation has seen first-hand the profound effectiveness of Reality Fairs for over ten years.  We are proud to fund the opportunity to bring technology, additional scale and reach to the reality fair experience through the Bite of Reality App," said Gigi Hyland, Foundation Executive Director.
 
Support from the National Credit Union Foundation has allowed the app to be customized and used by others across the credit union movement. Benefits of utilizing the app include gained efficiencies and savings on the purchase, storage, and shipping of student materials.  Credit unions that have used the app have seen increased engagement by students and the simplified process allows students to complete the fair in less time with fewer volunteers.  The Foundation is funding up to $5,000 per organization to cover the cost of basic customization of the app. 

Click Here for the Request for Proposals (RFP) Document
News from CUNA Mutual

CUNA Mutual's AdvantEdge Analytics Launches New Industry Data Platform Integrated with Microsoft's Common Data Model
CUNA Mutual's AdvantEdge Analytics Launches New Industry Data Platform Integrated with Microsoft's Common Data Model
CUNA Mutual's AdvantEdge Analytics announced it has launched its new data platform for the credit union industry, which leverages Microsoft's technology. This collaboration between Microsoft and AdvantEdge Analytics, announced in March, debuts one of the first industry-specific Common Data Model extensions designed for credit unions. The announcement is in conjunction with Microsoft Inspire 2018.

The AdvantEdge Analytics™ Data Platform helps credit unions digitally transform by expanding their ability to connect and scale to any data system or third-party technology, ultimately improving the member experience. AdvantEdge Analytics' customers, Idaho Central Credit Union, Michigan Educational Credit Union, and Randolph-Brooks Federal Credit Union (RBFCU) are currently in private preview with the new platform and will begin full implementation shortly.

 The newly launched data platform delivers deeper insights into a credit union's business data through one standardized way of organizing their data assets. The AdvantEdge Analytics Data Platform seamlessly integrates into the Microsoft digital toolset, which will allow insights to be gleaned out of Microsoft Power BI and other tools like Microsoft Dynamics 365, Microsoft Power Apps, and Microsoft Flow in the future.

 Click here to learn more. .
Have you Heard?

Neighbors FCU Announces Two Financial Literacy Courses in 2018
  Neighbors FCU will host two more financial literacy courses in 2018. These courses will be hosted in Neighbors new Financial Literacy Facility located at 8245 YMCA Plaza Blvd. in Baton Rouge.  This new facility is equipped with three large touch screen monitors and will allow Neighbors to host much larger class sizes.  The upcoming schedule is as follows:
 
August 30 from  6:00 pm-8:00 pm:  Death and Money
October 25 from  6:00 pm-8:00 pm:  Savvy Saving

"We keep these courses free and open to the public so that anyone can have the opportunity to educate themselves financially," Neighbors Financial Literacy Coordinator Kim Chapman said. "We're going to be covering some topics that might not be fun to think about but are critically important for us to know."

These courses are completely free to attend, and Neighbors provides food to all attendees. 
Pelican State CU Hosts 15th Annual Free Kids Bike Race
On Saturday, July 21, Pelican State CU hosted their 15th Annual Free Kids Bike Race at Abundant Life Church in Denham Springs. Seventy-five kids enjoyed the races along with goody bags, door prizes, a bounce house, face painting, fire truck tours, refreshments and more! Three of the kids won parties to Area 51 trampoline park. Pelican had twenty sponsors support this completely free community event, including many of their local Select Employer Groups.
La Capitol FCU Launches New Website
On Thursday, July 19,  La Capitol launched the new and improved lacapfcu.org.  The new site features a bold new look and feel and presents content optimized for the user's device to help improve the visitors' experience.  A series of informative videos are available to help visitors understand various concepts and to help them make informed choices. The new tools also provide for better tracking of traffic through the site, which helps to more effectively measure and target members and potential members in the future.  
Quote of the Week:
"I decided a long time ago that if I was going to hold grudges in business, it would turn into a full-time job."
- LaVell Edwards
Educational Calendar
Upcoming Conferences & Seminars from your League:

August 1-4: LCUL Annual Meeting & Convention
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:

July 26: Wire Transfer Security: Regulatory Guidance, Risk Management & Monitoring
July 31: Electronic Business Records: 7 Steps for Effective Compliant Management
August 2: ACH Rules & Responsibilities for RDFIs
 August 7: CECL: Making Strategic Decisions of Methodologies, Processes & Governance  
 August 8: Commercial Loan Application Danger Zones
 August 9: Expanding & Improving Your Required IT Risk Assessment
 August 14: Advertising & the New Media Mix: What's Right for You?
August 15: Final Preparation for CFPB's TRID Amendments, Effective October 1, 2018
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

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