ICUL Service Corporation
 
 
 
     LEAGUE             
DIRECTORS' REPORT
Illinois Credit Union League                                     November 2014
Feature Story
 
 
 
ICUL invites you to
"Wreaths Across America" Day!
 
The Illinois Credit Union League (ICUL) recently formed a Community Outreach Committee with a desire to identify, organize and implement local ICUL community outreach opportunities.  To that end, the Committee would like to invite all Illinois credit unions, along with their members, family and friends to participate in this year's:
 
National "Wreaths - across -- America" Day
Saturday, December 13, 2014, 11:00 a.m.
Abraham Lincoln National Cemetery in Elwood, IL

 

Wreaths - across -- America (WAA) is a non-profit organization whose mission "Remember, Honor, Teach" is to one day have a wreath for every Veteran's grave in Arlington National Cemetery and all other National Cemeteries in all 50 states and beyond.  ICUL has joined WAA as a Fundraising Group Sponsor for this event and we are looking for financial support for purchasing wreaths and/or volunteers to lay the wreaths on December 13, at Abraham Lincoln National Cemetery in Elwood, IL.

 

For more details on volunteering or to sponsor wreaths for this exciting event, please follow our Team Link to go directly to our fundraising page: http://give.wreathsacrossamerica.org/goto/ICUL2014
 

We are also including a flyer and sign-up sheet in this email so credit unions may promote the event to the community and offer opportunities for people to sponsor a wreath or sign-up as a volunteer.  If a credit union does form a volunteer group, please e-mail ICUL's Community Outreach Committee at ICULCOR@LSC.net of who the main contact person will be at your office.
 
"This is a wonderful way to kick off your holiday season, get involved in the community and, most importantly, honor those who have served us so nobly and well," said Sean Hession, ICUL CEO & President.  "What reflects well on any of us, reflects well on us all and the credit union movement in Illinois. Let's show Illinois cooperative values in action."

 

Thank you very much for your consideration and helping to remember and honor our Veterans!

Important News

Credit unions, chapters drive successful #100MM campaign effort!
  
The League would like to thank the many credit unions and chapters that participated in its statewide PR campaign to bring awareness of the national credit union movement's milestone of 100 Million memberships reached this summer.
  
From sending out press releases, to uploading "selfies" to the AmericasCreditUnions.org Web site to engaging members on social media, a "perfect storm" of credit union awareness came together ramping up to International Credit Union Week. 
  
During ICU week, a new partnership was launched with "CU Lunch Local", a "cash-mob" program that promotes the credit union difference via coordinated efforts where credit unions show up at a specified time and location and purchase lunch for patrons of small businesses.  This year, the effort took place in 11 states across the country, including Illinois.  In addition to CU Lunch Local, Illinois credit unions also engaged in other variations of activities, including "Random Acts of Community Service/Kindness" and/or "Paying It Forward."
  
While this phase of the 100MM campaign has been completed, please continue to publicize this milestone to your members!  This is a timeless issue that will continue to show members, consumers and lawmakers that credit unions are a big deal!  In fact, 100 million memberships equates to 1 in 3 Americans having joined a credit union and to lawmakers - 60 million voters!

Be sure to check out the League's Facebook page to see photos of various efforts or contact William Wille, ICUL PR Coordinator for questions.
  
Compensation Survey available as League benefit
  
The League has compiled the results from its 2014 Illinois credit union compensation survey and have posted the results on our Web site at: http://www.iculeague.org/compensation-survey/2014_comp_survey. The survey was developed and produced by the League in conjunction with HR Performance Solutions, as a benefit of membership and serves as an excellent resource for preparing budgets, hiring staff and conducting year-end performance reviews.  To ensure maximum participation and convenience for our members, we conducted the survey online.  We would like to thank all of the credit unions that took the time to complete and return the survey.  We appreciate and value your membership and hope that this additional research tool will assist you in a variety of ways.  If you have any questions regarding the survey, please contact Tom Kane, our EVP and Chief Administrative Officer at Tom.Kane@LSC.net.  We also encourage you to take advantage of the many other programs available to you as a League member, including our educational workshops, Foundation grants and scholarships, legal and technical assistance, board planning and training sessions, and our comprehensive interactive Web site.

 

Call for Nominations: Illinois Credit Union Hall of Fame.  Nominations for the 2014 Illinois Credit Union Hall of Fame will be accepted through December 31.  Up to two individuals from the categories of Lifetime Achievement and Leadership will receive this prestigious honor.  Each credit union or chapter is entitled to submit one nomination annually. Inductees will be chosen based on an objective point system and the nominee profile submitted with the application.  If you have any questions regarding the Hall of Fame program, please contact Vicki Ponzo, ICUL Senior Vice President of Member Services, via email or 630-983-3413. See the League's Web site to view the nominating criteria, submit an application online, or view descriptions of previous inductees.
Educational Opportunities
   
Developing a successful compliance program means compliance must be a consideration in every business decision you make and in every member interaction. The How to Build a Successful Compliance Program telecourse on November 13 (Session Code: 664) will discuss the components of an effective compliance program that demonstrates the credit union's commitment to regulatory compliance.
  
The Best Practices in Consumer Lending QuickBites on November 18 (Session Code: 667) will explore the secrets of the all-too-rare credit unions that drove sustained consumer loan growth during the Great Recession. Hear the stories of their hard-earned success and of how they plan to build on that success in the coming year.
  
Regulators are more risk averse now more than ever and credit unions are feeling the increased pressure. Don't be caught ill prepared for the new realities of credit union examinations. The Decoding the Exam Process QuickBites on November 20 (Session Code: 668) will review the current regulatory climate and core regulatory concerns, discuss the basics of the examination process, as well as reveal the best practices for planning, preparing and engaging the examination team.
  
Can credit unions truly afford to serve the underserved?  During the Sub Prime Auto Lending QuickBites on November 24 (Session Code 669), you will learn the risks, benefits, methods and best practices to develop and manage a successful sub-prime auto lending program.
  
Identity theft continues to be a growing problem in the U.S. and a challenge for credit unions to protect their members and their member's data. Looking ahead to next month, the Identity Theft Red Flags QuickBites on December 2 (Session Code 678) will provide tips and trends for identity theft red flags.
  
Running today's ever-evolving and complex credit union requires solid leadership ability from all levels of management. The days of simply managing a team of people are behind us. The From Managing to Lending QuickBites on December 4 (Session Code: 679) will uncover how to evolve your status from a manager to a leader by discovering the qualities that make a leader effective.
  
On-going resources include on demand training for the Bank Secrecy Act and Financial Exploitation of the Elderly. 
  
In addition, the audio archive of all QuickBites and telecourses is 60 days with paid registrations!
  
For the complete calendar, please see the League's Web site.
 
Dates, Events and other Items... 
         
  
Join other champions of the credit union movement at the 2015 CUNA Governmental Affairs Conference (GAC), which will be held March 8-12, 2015.   Registration and hotel information to participate as part of the Illinois delegation at the this event is now available via the League's Web site.  As you know, the CUNA GAC is the largest credit union conference and one that all credit unions should attend.  The theme for the event is: Powerful Cause - Positive Effect.  Please don't hesitate to contact Pat Huffman of the League's Governmental Affairs Department with any questions.  Scholarships from the ICU Foundation are also available to attend this event.
  

 

League announces theme for 2015 Convention. Plans are rapidly coming together for the League's 85th Annual Convention in Schaumburg.  The theme of the Convention will be "Recipe for Success!"  This premiere educational event will be held April 16-18, 2015.  Watch your mail and the League's Web site for updates in the coming weeks for all the details.

 

 

 

Shared Chapter Advertising Program (SCAP) submissions due.  It's time to think about your Chapter's 2014 advertising and promotion expenses! The deadline for submitting these expenses via the Shared Chapter Advertising Program (SCAP) is December 1, 2014.  To insure that the correct amount is reimbursed, please use the attached form.  The December 1 deadline is firm in order to smoothly operate this program.  SCAP funds will be disbursed by December 31.  Remember, the amount of your reimbursement will depend on the number of chapters participating and the amount of your expenses.  Funds cannot be disbursed without proof of payment.  Your paid receipts can be mailed to William Wille, c/o Illinois Credit Union League; 1807 W. Diehl Rd., PO Box 3107; Naperville, IL 60566-7107 or via fax: (630) 983-2713.  If you have questions, please contact Will via e-mail or phone at (800) 942-7124. 

 

With the end of the year approaching, it's a good time to think about strategic planning.  Your regional directors have a variety of planning options to meet individual credit union needs.  Experienced facilitators can provide both basic planning and strategic planning.  Call Regional Management at extension 3422 for further information.

                   
    
New Gen: COOL ENOUGH for teens*, SAFE ENOUGH for parents  
  
* A cost-effective way to introduce teens to budget management
* Gives teens ages 13 and older a sense of independence and responsibility
* Parents enjoy peace of mind with card and account security
* Personalized with teen's name
* Online tools help parents teach teens financial responsibility
* Easy to reload at your credit union, online, via automatic funding or at any Visa ReadyLink location
* Safer than cash with protection against fraud through Visa Zero Liability Policy
* Use everywhere Visa cards are accepted
 *Provided by an adult member to a teen who is at least 13 years old. The NewGen is not offered to anyone younger than 13.
  
To get more information on NewGen please email Sales@lsc.net or call 800-942-7124. 

Illinois Credit Union League

 

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

(800) 942-7124      http://www.iculeague.org



Our Mission: To Serve You