Keeping you connected to key credit union news, events, and trends: May 27, 2020
In This Issue
Headline News

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

LCUL 5-Part Series Continues with Business Development 
Re-imagined

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 [email protected] 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
NCUA
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 [email protected] 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

Deposit Operations Webinar 6-Part Series: OnDemand Now!
Webinar Online Internet Website Web Page Concept
Gain the knowledge and confidence to efficiently handle a wide array of all deposit account issues and do it compliantly with this archived 6 part webinar series on Deposit Operations.

Ensure your team knows everything they need to handle New Accounts, Overdrafts, Deposits with Cash Back, Stop Payments, Powers of Attorney and more.  Series taught by Debbie Crawford, Mary Lou Heighes, and Joseph Siliva.  

News from CUNA Mutual

CUNA Mutual Group: Branch Reopening Playbook
Now available is a Branch Reopening Playbook from CUNA Mutual Group. A reminder that CUNA Mutual policyholders can access a ServPro discount (ask your Rep.), and may access the Protection Resource Center, which has additional resources from CUNA Mutual attorneys.
Have You Heard

BRECO FCU Announces 2020 Scholarship Awards
BRECO FCU is extremely proud of its first ever scholarship recipients! Emily Rushing of Live Oak High School and Aniyah LaGarde of Brusly High School were chosen from among numerous applicants for a chance to earn one of two $1,000 scholarships. 

'We can't be more pleased with these amazing young people who are eager to change the world," said Joshua Poole, CEO of BRECO FCU. 

Emily will attend the  University of Oklahoma to purse studies in media production, and Aniyah will attend Southeastern Louisiana University, to pursue studies in the medical field. We wish them the best of luck!

 
Meritus CU Announces 2020 Scholarship Winners, Awards $12,000 to Six Students
Meritus CU has selected six talented students from its five parish service area as recipients of the 2020 scholarship program. Each high school graduate will receive $2,000 to pursue their higher education goals. The recipients were selected after displaying remarkable academic achievement, extra-curricular participation and community service.

"It is such an honor for our credit union to be able to invest in the future of our community through this scholarship program", said Connie S. Roy, Meritus CU President/ CEO. "Every year we are always blown away by the amount of dedication and enthusiasim each of the applicants display."
 
The 2020 Meritus CU Scholarship winners are: Alec Latiolais of St. Martinville Senior High School, Braeden Hbert of Iota High School, Emilee Lopez of Delcambra High School, Katelyn Blanchard of North Vermilion High School, Michael Furka of St. Thomas More High School and Emma LeBouef of Lafayette High School.
Pelican State CU Hosts 'Spring Staycation' Social Media Giveaway
During three weeks in May, Pelican State Credit Union is hosting a "Spring Staycation Giveaway" on its Facebook, Twitter, and Instagram accounts.
 
Each lucky winner will receive a prize pack to add fun to their stay-at-home vacations including coolers and pelican floaties. So far, the giveaway has received over 550 entries across all three channels.
 
Visit facebook.com/pelicanstatecreditunion to check it out! All randomly selected winners will be announced on Monday, June 1, 2020.
Quote of the Week:
"Small deeds done are better than great deeds planned ."
- Peter Marshall

Educational Calendar

Upcoming Conferences & Seminars from your League:

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

Upcoming Teleconferences & Webinars from your League:
 
May 28: Growth & Transformation Series: Driving Engagement with Facebook, Twitter & Instagram
June 1: Deadline July 1, 2020: HMDA Final Rule on Closed-End Loan Data Collection & Reporting
June 2: TDRs: Defining, Examples, Financial Reporting & Best Practices
June 3: Consumer Loan Underwriting Fundamentals: Interviews, Credit Reports, Compliance & Debt Ratios
June 4: UCC Article 9: Perfection Pitfalls & Proper Enforcement
June 9: Three Key Risk Assessments in Enterprise Risk Management
June 10: Debit & Prepaid Card Compliance: Disclosures, Fee Changes & More
June 11: Completing the TRID Loan Estimate Line-by-Line

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