Keeping you connected to key credit union news, events, and trends: October 21, 2020
In This Issue
Headline News

LCUL Partner, Adams & Reese, Invites Louisiana Credit Unions to Webinar on Battle for the Ballot 2020
No matter who takes the White House and Congress, this year's electoral results will shape America's path well beyond the next four years.
 
Adams & Reese's Government Relations Team invites you to an electrifying discussion about the 2020 election. This virtual event will be held Friday, October 30 from 9:00 am to 10:30 am.
 
Get an insider's look at congressional races and campaigns, predictions, potential policy outcomes, and reactions to what's happening in the days leading up to the election, as well as during the early voting period.
 
Thanks to our regional strength, we'll also provide state-specific updates for Alabama, Georgia, Louisiana, Mississippi, South Carolina, and Tennessee.

Click here to register to attend.
2nd Quarter LA Credit Union Profiles & Milestones Report Available on LCUL Website
The Louisiana Credit Union League works with CUNA's Economics & Statistics Department to analyze quarterly data submitted by credit unions to NCUA and then provides a quarterly report showing trends in various areas including loan & savings growth, risk trends, membership trends, and more. We also 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 2020 are now complete and have been posted to the League's website. You can access the reports directly by clicking here.
Professional Development

Financial Counseling Forum Coming to New Orleans

The Louisiana Credit Union League is extremely proud of its 500+ financial counselors who became certified using the Enhanced FiCEP program over the last eight years. In 2020, more credit union members than ever were put in an unexpected financial crisis and they turned to you for guidance. We would like to take a moment to congratulate the 76 counselors who earned their certification this year and jumped in to assist. Click here to see the Class of 2020 graduate list.
 
Every good Financial Counselor knows that the best resource in their toolkit is up-to-date tips and best practices to share with their financially distressed members. As 2021 approaches your members will face new struggles as debt leniency comes to an end. No matter when you became a counselor or which certification program you completed, we are committed to keeping your skills sharp at our Financial Counselor Forum on December 7th at the Hyatt Regency New Orleans. You can choose to attend in person or virtually to collaborate and learn from the pros and your peers.  

The training day will include:
  • Updated post pandemic role plays and scenarios
  • Tools to effectively counsel virtually
  • Program implementation and expansion ideas
  • Marketing and member communication strategies
  • Tips, best practices, open forum Q & A and more!
Business Solutions

LCUL and TRGroup Partner with Clarocity to Offer New Valuation Solutions
The Louisiana Credit Union League and the TRGroup are excited to announce a new partnership with Clarocity Valuation Services (CVS). CVS is an established and recognized leader in national technology and valuation services that are backed by an exceptional member borrower experience. CVS has refined the balance of data, technology and modern valuation products and workflow to deliver credible, reliable and proven valuations and appraisals nationwide. 

Clarocity will provide Credit Unions with the opportunity to exchange in remote valuation services for loans of $400,000 or less-providing a convenient and seamless option for members.

"We feel that Clarocity provides a suite of products and services, that when combined with their proactive methodology to support and advance valuation procedures, results in a solution that benefits our Credit Union partners and their Members", said Steven Liberto, EVP of Business Solutions at LCUL.

To learn more about how Clarocity can help your Credit Union, please contact Steven Liberto, EVP of Business Solutions.
Condolences

District 08 FCU Mourns Loss of Devoted Board Member
The Management and Board of District 08 FCU is sad to announce the passing of board member Roger Moore at 44 years of age.  Mr. Moore worked with the Department of Transportation and Development (DOTD) for 29 years and became a member of District 08 FCU in 1993.  The loving husband and devoted father of two was elected to the board of directors in 2016 and served proudly ever since.  He was fully dedicated to everything he did whether it was deer hunting, coaching softball or diligently fulfilling his board duties.  He will be dearly missed by many.
Have You Heard

Pelican State CU Hosts Homebuying Q&A Virtual Workshop
Pelican State Credit Union hosted a free Virtual Financial Wellness Workshop on Tuesday, October 13, where attendees had their homebuying questions answered by a panel of experts.
 
The panel, made up of Pelican Nationally Certified Credit Counselor April Gomez, Pelican Mortgage Originator Destiny Voth, and local realtor Kristen Stanley, began the "Owning the Homebuying Process" Q&A at 7:00 pm. The workshop was moderated by Pelican Director of Financial Outreach Jessica Sharon.
 
Attendees were able to ask their questions during the workshop using Zoom's Q&A feature and real-time comments via Facebook. Registrants were also given the chance to submit questions beforehand during the registration process.
 
Over 90 questions were submitted through both Zoom and Pelican's Facebook page, and a total of 116 viewers joined the workshop virtually. 
Quote of the Week:
"If the plan doesn't work, change the plan. But never the goal."

Educational Calendar

Upcoming Conferences & Seminars from your League:
Upcoming Webinars: 

October 22: Banking & Lending to Cannabis Businesses: Clarifying the Confusion & Avoiding Pitfalls
October 26: Handling Pandemic-Related Payment Issues: Stimulus, SBA, Workers' Comp & More
October 27: New URLA for a New Year! Prepare Now for a Smooth Transition
October 28: Risk Officer Series: Advanced BSA Officer Training: Risk, Compliance & Real-Life Scenarios
October 29: Cyber Series: Building & Sustaining a Cyber Intelligence Unit (CIU)
November 3: Dissecting Loan Loss Reserves, Including CECL Expectations
November 4: Recruiting & Retaining Millennials, Gen Z & Nexters
November 9: Avoiding the Top 5 COVID-Related Collection Mistakes
November 10: IRS Reporting Essentials: Form 1099 & Beyond
November 11: Year-End IRA Actions: Notifications, Reporting & Monitoring, Including SECURE Act & COVID Rule Changes
November 12: Robbery: Critical Steps Before, During & After

For a complete listing of educational opportunities available from LCUL, visit the League website.
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(800) 452-7221   www.lcul.com