Keeping you connected to key credit union news, events, and trends: March 11, 2020
In This Issue
Headline News

LT. Governor Billy Nungesser to Address State GAC Attendees
LCUL's 2020 Louisiana Governmental Affairs Conference (GAC) has added a Louisiana political powerhouse to the lineup. Lt. Governor Billy Nungesser will be joining us on April 14 to discuss the "State of the State", where he shares an inside look to what it is his office is responsible for.

Nungesser left a career as a successful businessman to begin his political career following Hurricane Katrina. In response to his own frustration over the slow response from government, Billy decided to run for Plaquemines Parish President in 2006. He was re-elected in 2010 with over 70% of the vote. During the Deepwater Horizon oil spill, the New York Times named him the "hardest working man in Louisiana" and ABC named him Person of the Week during the same period.

He was elected Lt. Governor in 2015 and re-elected in 2019. In July 2019, he officially took over as Chairman of the National Lieutenant Governors Association, a professional association which charts issues and work to be pursued by the second-highest ranking officials in all 50 states and U.S. territories.

Don't miss the opportunity to hear from the Lt. Governor and other dynamic speakers at LCUL's 2020 Louisiana GAC April 14-15 in Baton Rouge. Click here to register!
FFIEC Highlights Updated Pandemic Preparedness Guidance; LCUL Distributes CU Resources
The Federal Financial Institutions Examination Council (FFIEC) updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. Click here to read FFIEC's full statement on pandemic planning. 

Amid growing concerns about coronavirus (COVID-19), LCUL distributed an update last week with an extensive list of resources housed on our website. Our primary objective is to help prepare your credit union to provide the best possible member service -- no matter the situation. For additional information, please contact a member of our communications team.
LCUL Distributes 2Q 2020 Marketing to Small CUs
LCUL offers smaller credit unions a quarterly newsletter ready to copy and distribute to members. The newsletter, Common Shares, includes articles on credit union products/services and other topics of interest to your membership. Distributed last week, credit unions are now prepared for Spring 2020.

Along with Common Shares, LCUL provides quarterly marketing campaigns that include flyers, statement stuffers, and digital banner ads. These services are provided as part of our continuing commitment to assist smaller asset credit unions overcome major challenges.  

Please contact a member of the communications team should you have any questions.
Business Solutions

Credit Unions Will Feel the Impact of the Fed's Half-Percent Interest Rate Cut
In response to economic concerns caused by the spread of coronavirus to more than 60 countries, the Federal Reserve this morning lowered the federal funds rate by one-half percent. The move is widely seen as an effort to boost growth against the chilling effects caused by the spread of the virus. The Fed's move will also impact credit unions.

A Fed statement noted "the fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1-1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy."

Click here to read more.
Young Professionals Network

YPN: Discover the Rules of Effective Multi-Generational Leadership with Raven Solomon
We are excited to bring Raven Solomon to our YPN Workshop this year. Watch her video below for more information on her session, Rules of Effective Multi-Generational Leadership. It is sure to be a can't miss session!


For more information and to register, click here.
Professional Development

ULend Academy, the Lending Game Changer Returns to Louisiana in May
ULend Academy provides lending solutions for the real world! Join us in Baton Rouge on May 19 & 20 for this capacity controlled customized lending experience that transforms your lenders from transactional to consultative in order to meet your members' full financial needs. Using a "learn, discuss, apply" approach, we'll guide lenders of all skill levels through all stages of the loan process - origination, underwriting, closing, cross selling and consultation, and we won't be over compliance either. Our gamified learning platform prepares and empowers your lenders to deliver an  exceptional member experience! 

Did you know you can save 50% on your registration? Sign up to be a table coach and you will still be in workshop as a full scale participant but also fill a role leading discussions at your table.  Contact  [email protected] if you are interested.

For more information and to register, click here .
Have you Heard?

Share Your Story With Us!
We want to feature you in eNews. Send us a brief article or press release highlighting the work you're doing to support your members and/or the community, along with a photo if you have one, to be featured in the 'Have You Heard' section of the newsletter. Submit your articles to [email protected].
Quote of the Week:
"There are no secrets to success. It is the result of preparation, hard work, and learning from failure."
- Colin Powell

Educational Calendar
Upcoming Conferences & Seminars from your League:

March 12: FREE Asset Roundtables
March 13: Credit Union Connect
March 20: BSA Officer Training
April 14 & 15: Louisiana GAC
April 21 & 22: YPN Workshop

Upcoming Teleconferences & Webinars from your League:

March 12: Common HMDA Violations &Challenges
March 17: 2020 ACH Rules Update, Including Emerging & Real-Time Payments
March 18: Consumer Loan Flood Insurance Forms Line-by-Line
March 19: Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D, E & F  
 March  23:  Get Ready for New ACH Return Code R11: Effective April 1,2020
March 24: Collecting SBA Loans: Critical Steps in Protecting the SBA Guaranty
  March 25: Deposit Account Series:  Advanced New Account Issues: POAs, Trusts, Estates & More
March 26:  Commercial Lending Series:  Commercial Flood Insurance Rules & Best Practices
March 30: New Technology: Cash Recyclers, Pod Banking & Interactive ATMs 
       
For a complete listing of educational opportunities available from LCUL, visit the League website.
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(800) 452-7221   www.lcul.com