Headline News

It's a Busy Week for Credit Unions: Are You Contributing?
International Credit Union Week is officially underway...and so is our annual CU Lunch Local initiative! As if having an excuse to dine at one of your favorite local restaurants isn't a good enough reason to participate, you'll also have the great feeling knowing that you're supporting a locally owned and operated business. Don't forget to submit your receipts to your team leader or Brittany Lutz, LCUL Member Engagement Specialist. Remember, small receipts add up to a big investment in our communities when we join together.
 
ICU Day will be held this Thursday, October 17. To help raise awareness about credit unions, LCUL is supporting an "Open Your Eyes to a Credit Union" 15-second commercial that will be aired on approximately 282 Gas Station TVs throughout Louisiana, and approximately 20,000 GSTVs nationally. The ad is expected to reach 44 million people nationally, including over 620,400 Louisianans.

In addition, LCUL's YPN across the state are joining forces to engage with our state's youth on spending, saving and sharing money. For the third year in a row, our volunteers plan on reading and distributing copies of 'Just Saving My Money' to students across Louisiana. By teaching students about the importance of managing money from an early age, local credit unions hope to prepare the next generation for financial success.

Louisiana credit unions are asked to email your ICU Day initiatives, stories and pictures to LCUL's communications department so that we can include them in our coverage.
New Unique Competition Aims to Save Small Credit Unions
Five industry-leading consulting firms have joined forces to launch Credit Union Impossible, a unique competition for one small asset-sized credit union to win one year's worth of consulting services. The firms-Humanidei, LeveragePoint, uncommn, Your Marketing Co, and Your Credit Union Partner-have developed a prize package of one-on-one strategic consulting, executive development, marketing and public relations advice and services for the winning credit union.  Credit unions under $100 million in assets can apply immediately at CUImpossible.com .

The winning credit union will receive a holistic plan customized for the chosen credit union, with partners collaborating and working directly with the credit union to fulfill the project scope.

The Basics:
  • Applications accepted October 8 - December 6, 2019
  • Finalists announced January 13, 2020
  • Final credit union announced January 27, 2020
The Goodies:
  • Strategic Planning with Your Credit Union Partner
  • Strategic Marketing Plan + Execution with Your Marketing Co.
  • Website by uncommn Marketing Partners
  • Leadership Coaching with Humanidei
  • Public Relations with Leverage Point
Find out more at CUImpossible.com where you can learn the detail of the competition, find application forms, learn about our team, and the specifics of what you'll win.
CDFI Alert: NCUA Extends Deadline to Qualify for Streamlined CDFI Application to Nov. 30
Agency Reminds Credit Unions to be Aware of Changes to Certification Rules

The National Credit Union Administration has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions to apply for qualification to use the agency's streamlined CDFI certification process. The deadline is now November 30.

Click here for additional information. 
2nd Quarter Louisiana CU Profiles & Milestones Report Now Available
LCUL works with CUNA's Economics & Statistics Department to analyze quarterly data submitted by credit unions to NCUA and then provide a "milestones" report that looks at top credit unions in the areas of loan penetration, share draft penetration, and average savings balances. 

This report also highlights credit unions that have reached and exceeded certain amounts for assets, members, and loans. The reports for the 2nd Quarter of 2019 are now complete and have been posted to the League's website. 

Professional Development