Keeping you connected to key credit union news, events, and trends: June 6, 2018
In This Issue
Headline News


Download the 2018 Annual Meeting & Convention Brochure!
 
Extraordinary problems require extraordinary solutions.  Enter: superheroes. And every good superhero needs a sidekick, right? Well your "Justice League" is ready to suit up. Join us for our 2018 Annual Meeting & Convention August 1-4 as we host our very own CU Comic-Con!

Download the official convention brochure to check out the new additions as well as some of your all-time favorites.
 
Important Dates to Remember:
 
July 6: Hall of Fame, Memorials Deadline
July 13: Early Bird Registration Deadline
 
Additional information can be found on the League website. Questions? Contact the League's convention team today!


Yesterday, members of the Louisiana Credit Union League received the official notice and call of the annual meeting that included the minutes from the 2017 annual meeting and proposed bylaw changes. The business meeting will be held at the Sheraton Hotel in New Orleans on August 2, 2018 at noon.

 For those planning to attend, please take a minute to register your credit union's delegate. Click here if your credit union needs to make changes to credentials for voting purpose.

 Questions? Contact Lacey Weaver, VP of Communications & Public Relations.
New Payday Alternative Loan Would Give Federal Credit Unions Second Option; LCUL Drafts Comment Letter
Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board.

The proposed rule would create one new product in addition to the current payday loan alternative that has been available to federally chartered credit unions since 2010. The Board also is requesting credit union stakeholders to comment on a possible third option.

LCUL will be submitting a comment letter to NCUA on behalf of Louisiana credit unions.

Click here to continue reading.
S. 2155: Summary Chart Shows Affect on Credit Unions
Last week's passage of S. 2155 was a huge victory for credit unions. This landmark regulatory relief bill benefits credit unions in a variety of ways, from increasing the MBL cap by removing 1-to-4 family non-owner occupied residential property from the cap, to rolling back the onerous HMDA data points imposed by Dodd-Frank. 

 View a summary chart of S. 2155 provisions most likely to affect credit unions.

Products & Services

Catalyst Corporate Invests in Constellation Fintech Marketplace

catalyst Catalyst Corporate announces a new strategic partnership and $500,000 investment with Constellation Digital Partners, LLC.

Constellation is the first and only open digital banking platform for credit unions that allows service providers to develop and add services into the platform through a cloud-based marketplace-style interface. Credit unions then can choose the services they wish to offer their members from the platform.

Click here to continue reading.

Have you Heard?

Baton Rouge Telco Federal Credit Union Helps Spread Kindness One Rock at a Time
Baton Rouge Telco FCU recently joined the efforts of The Baton Rouge Kindness Rocks Project, a fast-growing social media initiative aimed at inspiring hope and encouragement through hand-painted rocks.

The project, which originated with the Sisters of Franciscan Missionaries of Our Lady in Louisiana, works to create and distribute the motivational rocks throughout the community for others to find.
 
Baton Rouge Telco FCU provided supplies and hosted rock painting parties in all four South Louisiana branch locations while encouraging employees to take some time out of the work day to participate.
 
"In the seven years I've been at Telco, this is by far my favorite community involvement activity we've ever done," said Jessica Newsom, card services specialist.  "I think it's wonderful to be able to give back to our members and community in this creative way."
 
The custom kindness rocks are available for Telco members and employees in each of the four locations. The rocks are inscribed with #brkindnessrocks and #brtelcorocks on the back so people can post and track pictures of the rocks on Facebook and Instagram. Members are encouraged to take one when in need of kindness or inspiration, share one with a friend, or leave one for another to find.
 
"Everything we do in life leaves a footprint and I believe that #brkindnessrocks will have a long-lasting impact on our community. Perhaps they will brighten someone's day," said Newsom.  
Campus Federal Supports Underserved Communities
Campus Federal hosted a financial education presentation in Old South Baton Rouge, just outside the LSU gates. The event was held the evening of Thursday, May 31 at the community library and topics discussed included Credit, Loans and Credit Union Benefits.
 
Quote of the Week:
"Do not be too timid and squeamish about your actions. All life is an experiment."
- Ralph Waldo Emerson


Hear from our 2018 Emcee!
Educational Calendar
Upcoming Conferences & Seminars from your League:

June 8-15: SRCUS CUNA Management School
June 12-14: University of Lending
June 24-26: Supervisory Committee Conference: Plus new Director's Track!
July 15-18: SRCUS Director's Conference
August 1-4: LCUL Annual Meeting & Convention
August 22-23: Branch Manager Forum 2.0

Upcoming Teleconferences & Webinars from your League:


June 7: Forgeries, Counterfeits, Fraudulent EFTs & More: Who is Liable?
June 12: Overdraft Disclosure Requirements: Regulations, UDAAP & Legal Risks   
June 13: Beginning IT Officer Training
June 14: Understanding Employee Leave Policies
June 19: Safe Deposit Box Issues      
June 20: Reg E Requirements for Debit Card Error Resolution
June 21: Advertising Compliance for Electronic, Website, TV & Radio Promotions
June 26: Notary Essentials, Legalities & Best Practices
June 27: Opening Trust Accounts
June 28: Maximizing Social Networking Platforms
 
For a complete listing of educational opportunities available from LCUL, visit the League website and click on "Education".
  
Copyright © 2018 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com