Keeping you connected to key credit union news, events, and trends: March 18, 2020
In This Issue
Headline News

LCUL Continues to Work on Your Behalf, Postpones In-Person Trainings Until May 1
Amid the growing number of COVID-19 cases and staying In alignment with our active Pandemic Continuity Plan, LCUL staff will be working remotely until further notice. Your League has the capacity and the wherewithal to be a strong resource as you navigate through this challenging time. Our past experiences with disaster recovery required us to implement various systems and technology that make a remote environment feasible for our employees. We are prepared and committed to continuing to serve our credit unions without any interruption.

As a precautionary measure, LCUL has decided to postpone in-person events and trainings until May 1. Following increased and overwhelming concerns, our management team felt this was the best way to proceed during such an unprecedented global situation.

Additionally, we've been pumping out information and resources to our credit unions daily. Please refer to our resource page on the League website for updated information. 

Please know with one phone call or email, your League is at your service. Click here for a complete staff listing and contact information
LCUL Launches COVID-19 Listserv to Open Lines of Communications Between Louisiana CUs
In times of uncertainty, it is important to remember the collaborative spirit that exists between credit unions. LCUL has created a listserv for credit union to post questions and share best practices.

To subscribe to the listserv, send an email to [email protected] and provide your name (first and last) and email address.  

NCUA Issues Guidance to Credit Unions, FAQs on COVID-19
NCUA National Credit Union Administration Chairman Rodney E. Hood issued a Letter to Credit Unions and Frequently Asked Questions on COVID-19.

The letter outlines a number of strategies credit unions may consider when determining how to address the challenges associated with COVID-19, including working with affecting borrowers, examinations, and  flexibility options regarding mandated annual membership meetings and board meetings.  

Both the full letter to credit unions and frequently asked questions can be accessed here.
Are Your Members Feeling the Financial Impact of COVID-19?
The Louisiana Workforce Commission says people who have lost their jobs or who have seen their hours cut can apply for unemployment benefits immediately.

As a worker, they may be eligible for unemployment insurance if:
  • their work hours have been reduced because of lack of work due to coronavirus.
  • workplace closes temporarily, and you are not being compensated.
  • they have been instructed not to go to work and are not being paid while at home.
If any of these situations apply, they can file a claim for unemployment insurance by clicking here.

Click here for more information.
Professional Development

CUs Encouraged to Utilize Online Learning Opportunities
In light of workshops and conferences being postponed, we want to make sure you still have access to top notch trainings from high quality presenters at your fingertips. 

 This is a prime opportunity to to take advantage of LCUL's vast library of webinars in a wide variety of subject matter. We have webinars throughout the year with live instructors as well as archived recordings available in 13 different categories.   
 
Additional webinars are being added all the time by our webinar partner company the CU Webinar Network. The easiest way to see what is available is to keep an eye on the full listing found here:   LCUL Credit Union Webinars.   
 
Did you know there are several ways to save on webinars?
  • There is a listing of 50 Sale Webinars available. These reduced price archive recordings at $150/each cover subject matter that is not time sensitive and not subject to ever evolving regulations.
  • Purchase a Topic Series at volume discount pricing.  Series available in the following topics:  Frontline Fundamentals;  Mortgage Lending;  IRAs; Regulation E; Deposit Accounts; Commercial Lending; Growth & Transformation; Cyber; and Risk Officer.  Some series are 4 parts for $720 giving you a 10% discount, and some are 6 part series for $1000 which saves you $200.  That's the same as getting one for free!
  • Purchase Subscription Tokens.  Subscription tokens never expire and depending on the numbers of tokens you purchase your savings can range from $50 up to $2500!
If you can't find a particular topic you're looking for, click here and use the search bar with the magnifying glass to enter the keywords for the topic you are searching.

If you are still looking for guidance during this pandemic, we are pleased to provide you a free archived webinar will be available beginning Friday, March 20 titled Pandemic Preparedness: Managing Coronavirus and Other Epidemics. 

If you have questions please contact [email protected] for assistance.     
Quote of the Week:
"Perseverance is not a long race; it is many short races one after the other."
- Walter Elliot 

Educational Calendar
Upcoming Conferences & Seminars from your League:

All in-person events have been postponed until May 1.

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.
Copyright © 2019 Louisiana Credit Union League 
824 Elmwood Park Blvd, Suite 200, Harahan, LA  70123
(800) 452-7221   www.lcul.com