Headline News

Don't Miss the Opportunity to Win a Scholarship to CUDE!
Earlier this month, the Louisiana Credit Union Foundation and the Young Professionals Network (YPN) announced they are accepting applications for their second annual Credit Union Development Education Program (CUDE) Scholarship. 

Information regarding the program and the scholarship application can be found on the League's website. The deadline to submit your completed application and reference letter is November 30. 

The recipient of last year's partial scholarship, Clinton Wilson from Ouachita Valley FCU, had this to say about his experience:

"It was a life changing event that opened my eyes to who we really are and what we really SHOULD do. One of the most impactful things to me was bringing a human aspect into what we do. Most all of us know what we do and even a little bit about why we do what we do, but sometimes we see only see the numbers, the troubles, and even the frustration. What this training did for me was help me to FEEL why we help our members. After this training you are more than just "People helping People" you are "Inspired People helping people"." 

Click here to learn more about the program and  to apply for the scholarship.
House Passes BSA Modernization Bill with CTR Threshold Adjustment
The House passed the CUNA-supported Corporate Transparency Act of 2019 (H.R. 2513) Tuesday, a bill offering Bank Secrecy Act/Anti-money laundering updates.  H.R. 2513 addresses redundancies, unnecessary burdens, and opportunities for efficiencies within the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) statutory framework.  

The successful Waters amendment adds the text of the Coordinating Oversight, Upgrading and Innovating Technology and Examiner Reform (COUNTER) Act (H.R. 2514), which was passed by the House Financial Services Committee unanimously in May.

Specifically, it would index the Currency Transaction Report (CTR) thresholds for inflation and further study the impact of Suspicious Activity Reports (SARs).

The bill now moves to the Senate.
Professional Development

If You Offer IRA's To You Members, You Can't Miss this Training! 
Train in Jackson Mississippi with the name that's synonymous with IRAs, Ascensus! Pick one day or both to customize the level of training you need.

In IRA Essentials on November 20th attendees gain a solid foundation of IRA knowledge through exercises designed to help them apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence.
Advanced IRAs on November 21st builds upon basic IRA knowledge to address more complex IRA issues that may arise. The instructor will assume previous IRA knowledge and use real-world exercises to help participants apply information to job-related situations.
Note: You will be re-directed to MSCUA's website for registration.  

Financial Crimes Symposium in New Orleans November 19