Headline News

Last Chance: Virtual Roundtable with Focus on Reopening this Friday
On Friday, May 8, LCUL is hosting a virtual roundtable on the topic of reopening guidance. We have gathered another round of industry experts that include Ed Reisinger and Jonathan Kudulis of KRP Law Firm as well as Carlos Molina from CUNA Mutual Group to provide guidance on this topic This virtual roundtable will take place at 10:00 a.m.
 
There is no cost but registration is required. Click here to register. We will send out log in information prior to the call.
 
Have questions? Participants are encouraged to submit questions in advance by emailing support@lcul.com by 3:00 p.m. on Thursday, May 7.
Louisiana CU Foundation Issues More Than $22k in Special COVID-19 Grants to Small CUs, Deadline to Apply May 15
In response to the coronavirus disease (COVID-19) pandemic, the Louisiana Credit Union Foundation is implementing a new program to assist credit unions through this difficult time. In one week, the Foundation has assisted eighteen credit union and issued more than $22k in financial assistance. 

Grants up to $1,500 are available to help small credit unions (up to $25 million in assets) to offset unexpected COVID-related expenses. The focus for the grants is to help credit unions create and maintain a safe and healthy office environment.
 
Credit unions must complete a grant request form one the League website. Credit unions may be required to provide a report of how the grants were used within 8 weeks of receiving the funds. Credit unions can also visit the league's website for additional guidelines.

The deadline to apply for the special COVID-19 grant is Friday, May 15. 
 
Want to adopt a credit union?
 
Credit unions who have the means can support their own by donating $1,500 to Louisiana Foundation on behalf of a smaller credit union to help provide necessities such as adding protection to work stations, sanitizing stations, 6ft marker kit, masks, gloves and more. The funds will not only go directly to Louisiana credit unions, but it will help build up the funding should we need to activate the disaster recovery grants this upcoming hurricane season.
 
If your credit union would like to participate, please email communications@lcul.com.
House Committee to Hear Resolution to Suspend Governor's Stay at Home Order
The Louisiana House Governmental Affairs committee hears a resolution Wednesday that seeks to suspend the governor's public health emergency as it relates to the coronavirus. House Republican Caucus Chairman Blake Miguez of Erath says the objective is to put local leaders in control of reopening the economy.
 
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April 2020 CU Trends Report Now Available