Headline News

LCUL Hosting Third Virtual Roundtable: Business Development Strategies in a Remote World

LCUL 5-Part Series Continues with Business Development 

Based on your feedback and the overwhelming response to previous league calls, LCUL will be hosting a third virtual roundtable on Thursday, June 4 at 11:00 a.m. to discuss business development in a remote world with nationally recognized coach Julie Ferguson.
Engaging with your SEG groups and potential new members during times of social distancing is not impossible, it just requires a transition to your mindset. Julie will share high value activities you can spearhead while encouraging participants to think outside of the box in finding solutions that will help the people in your communities get through this.
Drawing on experience serving SEGs such as Microsoft, Amazon and Google, Julie will share new ideas and protocols as well as take your questions and discuss your ideas in this hybrid presentation and think tank discussion.
There is no cost but registration is required. Information will be sent prior to the call on Thursday morning.
Participants are encouraged to submit questions in advance by emailing support@lcul.com by 3:00 p.m. on Wednesday, June 3. For additional questions, contact the league's communications department.
Louisiana CU Foundation Supports Small CUs During Trying Times
In response to the coronavirus disease (COVID-19) pandemic, the Louisiana Credit Union Foundation implemented a new grant program to assist credit unions through this difficult time.

The Foundation committee is pleased to report that twenty-eight credit unions were awarded grants totaling more than $37,000 to offset unexpected COVID-related expenses such as physical barriers, protective gear (e.g. masks, gloves), sanitizing supplies and services, etc.

"The Board of Directors and staff at Postal CU would like to say Thank You for the Covid-19 grant funds. We purchased window shields for our teller lines and loan offices.  The employees are grateful to have some protection as we go through this pandemic."  - Tynita Howard, CEO, Postal CU

"Thanks to the grant, we were able to replace our previous 12" barrier and install a new 24" glass barrier that now stretches all the way across the counter top and teller window openings. This new, permanent protective barrier will truly help to protect our members and employees from direct face to face contact. On behalf of our Board, staff, and members, we truly appreciate the financial support to make our new permanent protective barrier possible."
Ron Cobb, McNeese FCU

NCUA Reminder: Streamlined CDFI Application Round Ends May 31
Credit unions interested in using the National Credit Union Administration's streamlined process for obtaining Community Development Financial Institution certification have until May 31 to apply.

The NCUA's online program guide has all the necessary instructions for the qualification process.

To qualify, low-income-designated credit unions submit data on their loan originations to the NCUA by email to CURECDFI@ncua.gov using the NCUA's secured email encryption system and complete an online participation form.

The Office of Credit Union Resources and Expansion then analyzes each credit union's products, services, and other indicators to determine whether it qualifies to use the streamlined certification application.  The NCUA will provide qualified credit unions with the necessary information to complete and submit the streamlined certification application to the Community Development Financial Institutions Fund, which will make a final certification decision.

To learn more, visit the NCUA-CDFI Certification Initiative webpage.
Professional Development