ICUL Service Corporation
ICUL League Directors Report
Illinois Credit Union League                                                        May 2014
Feature Story
 Springfield Legislative Day a success

At the end of last month, ICUL held its annual Legislative Day in Springfield. Nearly 130 credit union activists contributed to the success of this event, which was held at a new location - the Prairie Capital Convention Center. 
The event included the continuation of an earlier start time of 9:00 a.m. to provide attendees with an improved window of opportunity to visit with their local lawmakers earlier in the day.  Other event highlights included: "Debunking the Taxation Argument by Trey Hawkins, Credit Union National Association (CUNA) Vice President of Political Affairs; Credit Union Legislative Issues Briefing from Steve Olson, ICUL Executive Vice President, General Counsel; "Under the Dome", an update on the latest legislative developments by House Deputy Majority Leader Lou Lang; individuals from IDFPR, including Acting Secretary Manny Flores; Illinois Comptroller Judy Baar Topinka as the luncheon speaker; State Capitol visits; an open house of ICUL Legislative Offices with a meet and greet with ICUL's new President/Chief Executive Officer, Sean Hession; and a Legislative reception.  We were also honored to have more than 50 legislators and VIPs attend the Legislative Reception. 
Thank you to all who attended our 2014 ICUL State Legislative Day.  Please communicate with Keith Sias or Ashley Niebur with any valuable information you derived from meetings with legislators.  Also, please remember to fill out the evaluation sheet, which can be found here.
To view a photo slide show from the event, please click here.
Other Legislative Day Highlights... 
Jack Teausant honored on House Floor.  As part of ICUL's Legislative Day, a special credit union presentation honoring Jack Teausant, CEO of Financial Plus Credit Union (Ottawa) took place on the floor of the Illinois House of Representatives. 
Jack received a framed resolution, which was read and presented by Rep. Frank Mautino (D-76, Spring Valley) for his lifetime of dedicated service.  House Resolution no. 776 congratulated Jack on the occasion of his retirement in August, 2014, after 38 years in the credit union movement.  This honor was part of the League's annual Legislative Day and many of the event's 130 attendees came to see Jack receive it.  
Part of the resolution stated, "Jack Teausant has ensured that all people have a credit union where they feel respected, valued and able to conduct their financial business with trust.  He will remain a respected role model for credit union leaders and serve as an inspiration for his board, staff and community well into the future." 
Update on State Legislation.  As we embark on the final month of regular session during the 98th General Assembly, bills have moved out of their chamber of origin and are being taken into consideration in the opposite chamber. The deadline for having bills out of committee is May 16, followed by a May 23 deadline for third readings. Bills that have been amended in the opposite chamber will require concurrence in their chamber of origin. In addition to considering routine legislative measures during the final weeks of session, the General Assembly will craft and take action on a state budget for the next fiscal year.  For the latest information and updates about legislation of interest to Illinois credit unions, please see ICUL's Weekly Government News.  The Illinois General Assembly is scheduled to adjourn its Spring legislative session on May 31, 2014.
 Important News...
CEO Summit to feature Risk Based Capital presentation, roundtable.  Please make plans to join us for the 2014 CEO Summit June 3-4, 2014 at the Hotel Arista in Naperville. The Summit starts on Tuesday, June 3, with an optional golf outing at Prairie Landing Golf Club in West Chicago, sponsored by LSC. A group dinner at CityGate Grille in Naperville will be held at 6:00 p.m. that evening.  On Wednesday morning, June 4, our education program will feature a discussion on the NCUA's Risk-Based Capital proposal presented by Chip Filson, Chairman of the Board of Callahan & Associates and Mary Dunn, CUNA Deputy General Counsel. If this rule is passed, many credit union leaders feel it would have as much impact on credit unions' strategies and culture as would the taxation of credit unions.  This session is sponsored by the Federal Home Loan Bank of Chicago.  After a group lunch, there will be a CEO-to-CEO Roundtable discussion facilitated by incoming ICUL President/Chief Executive Officer Sean Hession.  Bring your concerns, suggestions and questions with you or submit them early.  We want this unique conference to provide CEOs the opportunity to exchange ideas, identify solutions and network with other executives from credit unions in Illinois.  This is a local conference you won't want to miss.  Please see the materials for detailed conference and registration information.
ICUL's Joni Senkpeil named CU Hero of the Year.  Joni Senkpeil, ICUL Director of Small Credit Union Development, has won a nationally recognized competition and been named "CU Hero of the Year".  Joni was one of four finalists in the contest sponsored by Credit Union Magazine.  She was chosen as the final recipient after a two month online voting competition.  "I am so honored by this award," said Senkpeil.  "Without the support of our small credit unions, I'd be without this opportunity.  I am so grateful for that."  Added Sean Hession, ICUL President/Chief Executive Officer, "The entire Illinois Credit Union System family could not be more proud of Joni and the important work she does for our small credit union community.   She is truly a credit union hero to us everyday."
Get recognized for your good works! Please consider this the official call for entries for the annual Desjardins Youth and Adult Financial Education Award Program, the Dora Maxwell Social Responsibility Community Service Award and the Louise Herring Award for Philosophy in Action Member Service Award competitions.  Winning credit unions at the state level will be recognized at the Keynote & Awards program held during the League's 85th Annual Convention and at their respective chapters.  State winners from each competition will then advance to the national competition for judging. In addition, national winners will be recognized at the 2015 CUNA Governmental Affairs Conference in Washington, D.C.  All entries must be submitted to the League office by 4:30 p.m. on Friday, August 1, 2014.  You are strongly encouraged to enter any or all of these award competitions. For more information, please see the League's Web site or contact William Wille, ICUL PR Coordinator, at (800) 942-7124, ext. 3216 or via email with any questions.
ICU Foundation provides nearly $28,000 in first round of grants.  The Illinois Credit Union Foundation (ICU Foundation) Grants Committee has awarded $27,900 in Small Credit Union Development (SCUD), Community Service, and Marketing and Business Development grants following the first quarter 2014 application deadline.  Small Credit Union Development (SCUD) grants this cycle totaled $22,500 and were awarded to 14 credit unions.  In addition, the Foundation also awarded more than $24,000 in scholarships. The Foundation also awarded five Community Service grants totaling $1,150 to four credit unions and one chapter. This program is designed to encourage and reward chapter or credit union participation in local community projects.  Credit unions and chapters can qualify for grants by hosting an established event, creating an event, or volunteering at an established event. Rounding out this cycle of grants were two credit unions that received Marketing and Business Development grants that totaled $4,500. These grants were established in 2006 to help credit unions with assets of up to $30 million to start or expand outreach efforts.  The maximum grant award is $5,000 per credit union per year.  There are two more grant request deadlines during 2014 - July 31 and October 31. In addition, scholarships are reviewed on an on-going basis while funds last.  Online and downloadable grant request forms are available via the League's Web site.  Eligibility is limited to Illinois credit unions and chapters.
Illinois REAL Solutions hosts "Financial Education Forum".  At its Spring meeting for 2014, the Illinois REAL Solutions program facilitated dialogue between nearly 25 individuals from 18 credit unions at the ICU System Center in Naperville.  It featured a Financial Education Forum where participants discussed all aspects of financial education including teen financial reality fairs, retirement fairs, web-based member education, reaching audience segments through education, and more.  The meeting featured presentations from:
  • Financial Reality Fairs for Teens - Vicki Schultz, Great Lakes CU
  • Retirement Fairs - Becky Coons, Financial Plus CU, Fran Parkison, CBI FCU, Linda Atkinson, CBI FCU
  • Innovative Ways to Reach Audience Segments Through Education - Sue Malo, Great Lakes CU
  • Biz Kid$ - Getting Teachers to Use It - Melanie Murphy, ICUL
  • Collaboration for Web-Based Member Education - Sanam Kazi, Chicago Patrolmen's FCU & THINK Prize Finalist.

The Illinois Credit Union League and the ICU Foundation teamed up with the National Credit Union Foundation in 2009 to offer a program called "REAL Solutions for Low Wealth Households." Currently 130 credit unions in the state are participating. REAL stands for Relevant, Effective, Asset-building, Loyalty-producing, and is being operated by leagues representing 37 states. Nearly 1,200 credit unions are part of the program. Additional information about Illinois' REAL Solutions effort may be found here.

Educational Opportunities
The Basics of Deceased Member's Accounts QuickBites on May 13 (Session Code: 472) will provide an overview of common credit union issues which occur regarding deceased members. We will cover how to handle different types of accounts; payment of dividends; checks presented for payment or deposit; loans; safe deposit boxes; powers of attorney; social security payments; and privacy and confidentiality.
The Transitioning to Supervisor telecourse (Session Code: 473) will cover the critical topics of: acknowledging your new role; planning and prioritizing; being accessible; encouraging and instilling teamwork; communicating upward and downward; common pitfalls; delegating; more on effective coaching; and disciplining effectively.  Join us on May 15 to learn more.
Financial professionals, including credit union employees, use financial ratios on a regular basis. But do they always use the same ratios and more importantly, do they always interpret the ratios in the same manner?  Find out on May 20 by attending the Key Ratio Analysis- Calculating the Numbers Effectively! Telecourse (Session Code: 474), a proactive training session. Upon completion of this session, the credit union employee will be able to better negotiate with their business members as well as other financial professionals.
Credit unions use social networking as an effective method for attracting an ever-younger (and an ever-older) client base. Social media can also be used as a weapon against a credit union.  At the When Social Media Attacks QuickBites on May 22 (Session Code: 475), we will review how this channel, unmonitored, can become a nightmare for public relations. This presentation will demonstrate the need to monitor your credit union's image as it appears on social media websites.
While the new electronic CTR and SAR forms are making filing easier, the new forms are more detailed and require much more information. The CTR/SAR QuickBites on May 29 (Session Code: 476) will provide a step-by-step analysis and discussion on filling out the required BSA forms accurately and completely. 
Indirect borrower conversion is a golden opportunity for credit unions. During the Converting Indirect Borrowers to Multi Relationship Members QuickBites on June 4 (Session Code: 484), you will learn three things you can immediately start or stop doing to enhance your conversions.  Hear more about the challenges, what's been tried, and current research.

The Consumer Financial Protection Bureau Update Quickbites on June 10 (Session Code: 485)  will identify and discuss recent developments in CFPB rule making from the interchange issue, to remittance transfers, collections and, to an extent, the new mortgage rules. It is a lot to cover and this session will focus on what credit union compliance people need to know.
On-going resources include on demand training for the Bank Secrecy Act and Financial Exploitation of the Elderly.
For the complete calendar, please see the League's Web site.

Dates & Events...

Golf outing schedule in full swing.  We could probably all agree it was a very long winter and everyone is looking forward to warmer weather!  To that end, a number of golf outings are already being planned.  Be sure the check out the full list of outings on the League's Web site.


NCUA "Listening Sessions" to be held. In case you have not already heard, NCUA Chairman Debbie Matz will be holding "listening sessions" throughout the country, including in Chicago on July 10.  Seating is very limited to the first 150 registrants.  To sign up for the Chicago event, please click here.  


SAS CU Conference set.  Small credit unions: Mark your calendar now for the Small Asset Size Credit Union Conference.  This highly popular conference for credit unions with $30 million or less in assets will be held at the ICU System Center in Naperville August 5 and 6.  Complete details for this event will be forthcoming, but for now, please mark these dates in your calendar.


ICUL Chapter Leaders Conference.  The 2014 Chapter Leaders Conference is scheduled for August 20-21 and will be held at Pheasant Run Resort in St. Charles. Chapters are integral to the Illinois Credit Union System.  This conference is the perfect opportunity to gather ideas on how to revitalize and enhance your chapter.  Mark the dates in your calendar and watch for more details in the coming months.  We look forward to seeing you in August!

LSC® extends FREE credit union mobile implementation -- Don't miss it!
Join us to discuss the value of the Mobile Generation and review the robust CUMOBILE "AppEngine" solution that works with iPhones, Androids, Tablets, iPod Touch, iPad, and Kindle Fire devices.  Members not only want to view their balances, they want to see your "Special Offers" request loans, and deposit checks. 
LSC and the CU Mobile App Solution provides a turnkey, customizable MOBILE product that does all that and more!  Don't let the Mobile Revolution pass you by. 
Learn how you can put a BRANCH IN EVERY MEMBER'S HAND!  Register for a session now by clicking a date below:

Illinois Credit Union League


1807 W. Diehl Rd. Naperville, IL 60563      225 S. College, Suite 200, Springfield, IL 62704

(800) 942-7124


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