ICUL Service Corporation


Illinois Credit Union League                                                        April 2014
Feature Story
84th Annual Convention a Success 

Nearly 670 people from 120 credit unions came to Convention earlier this month to "Play to Win!"

There were many highlights, including the welcoming of Sean Hession, ICUL incoming President/Chief Executive Officer, CUNA President & CEO Bill Cheney, who provided the keynote address, and the changing of the gavel.  Pete Paulson, ICUL Director, District 3, and CEO of Corporate America Family Credit Union, was sworn in as the League's 40th chairman.

In addition, a number of credit unions and individuals received accolades for their accomplishments during the past year.  These included: Illinois Credit Union Foundation Commemorative Awards for Earnise Muse, ICUL director from 1994 to 2002; ICUL President/Chief Executive Officer Dan Plauda; and Jack Teausant, CEO, Financial Plus Credit Union; who were each honored with a tribute award.  In addition, there were two inductees into the Illinois Credit Union Hall of Fame: Terry Brahm, CEO, DHCU Community Credit Union and Dan Plauda.

Spirit of Service Employee of the Year and Volunteer of the Year awards went to: Michelle Caldwell, Marketing Director, Community Trust Credit Union; and Christine Dickover, Chairman, Chicago Metro Chapter of Credit Unions, respectively.  Also acknowledged at the Keynote & Awards were numerous individuals, credit unions and chapters who contributed more than $364,000 to CUPAC, and those who assisted the Illinois Credit Union Foundation in providing nearly $150,000 in grants and scholarships in 2013.

In addition, 15 credit unions celebrating milestone anniversaries (25th and 50th) this year were recognized, as were winners of the Dora Maxwell, Louise Herring, and Desjardins awards competitions.
The annual convention included 22 educational opportunities, including a "pre-con" workshop.  The closing session on Saturday morning featured Jack McCall.  Attendees enjoyed the sounds of nationally acclaimed Beatles tribute band, American English, as they celebrated the band's 50th anniversary during the Chairman's reception.
"Thank you Illinois credit unions for making this a great Convention," said Geri Burek, outgoing ICUL Chairman.  "See you next year back in Schaumburg, April 15 - 18, 2015!"
To view a photo slide show from the event, please click here.
Other Convention Highlights... 
Illinois League elects Peter Paulson as 40th Chairman.  Pete Paulson, CEO, Corporate America Family Credit Union, was sworn in as ICUL's 40th chairman during Convention.
Paulson, from the Fox Valley Chapter of Credit Unions, serves as the Class D at large director for District 3 and has been on the League board since 2003.  During that time, Paulson has also participated on the annual convention and executive committees.  He was also on the LSC board for four years.  Paulson will additionally serve as LSC chairman.
"It brings me much pride to be standing before you as the newest Chairman of the Illinois Credit Union League.  I would like to thank the board of directors for their confidence in electing me to this position.   As Chairman, I will do my best to insure the continued viability of the credit union movement," said Paulson.  "I have been a League director for ten years and part of the credit union movement for nearly 30 years.  I would not be here today without the support of Corporate America Family Credit Union and the Fox Valley Chapter board.  I look forward to working with all of you and leading the Illinois Credit Union League."
Plauda honored with several tributes.  It might not be easy to sum up 37 years of service, including 30 as CEO, but the League and Illinois credit unions have been working very hard to provide Dan Plauda with much deserved recognition for his many years of service and dedication.
The League's recent Annual Convention provided the means for the board of directors, credit unions, and League staff to show very meaningful gratitude to Dan.  This included a tribute by outgoing ICUL Chairman Geri Burek at the Delegates' meeting.
"Because of your guidance, I am a better credit union executive - and I am sure many, many others can testify that Dan has done the same for them. Dan, you have been a great friend and mentor and it has been an honor and pleasure to work side-by-side with you for all these years.  So on behalf of the board of directors, the credit unions of Illinois and the System staff, I just want to say thank you for your friendship and your leadership," said Burek.
In addition, there were two opportunities that paid homage to Dan at the Awards ceremony.  This included an ICU Foundation Perpetual Tribute Award in his name, and a surprise induction into the Illinois Credit Union Hall of Fame.  Each of these occurrences praised and honored Dan for his numerous accomplishments, including establishing the ICU Foundation, initiating ICUL's major conferences that we know today, and overseeing important legislative battles, such as the recodification of the Illinois Credit Union Act.
The Hall of Fame induction was also administered by Burek, who reflected, "Dan is a real life example of someone who has given his all, and by doing so, has achieved what he sought - a positive future for the credit unions of Illinois.  As a fitting tribute, we are so very pleased to honor him this morning with induction into the Illinois Credit Union Hall of Fame."
Last but certainly not least, CUNA President/CEO Bill Cheney, who served as the Convention Keynote speaker, presented a framed resolution on behalf of the CUNA board of directors at the Chairman's reception.  Also during the reception, Dick Ensweiller, the previous ICUL President (and now President of the Cornerstone Credit Union League) who originally hired Dan, also provided congratulatory remarks at the reception.
After each of these tributes, Dan was greeted with a standing ovation.
"You will be missed, but you will always be remembered as the one who made us who we are today," concluded Burek.
Governance groups elect officers.  Election of officers for the Illinois Credit Union (ICU) Foundation, Credit Union Political Action Council (CUPAC) and Illinois Youth Involvement Council (IYIC) also took place at ICUL's 84th Annual Convention.
The ICU Foundation held its annual meeting and re-elected its officers to one-year terms.  They included: Tom Pierce, CEO, Midwest Operating Engineers Credit Union, as Chairman; Michael Lee, CEO, Kane County Teachers Credit Union, as Vice Chairman; and Tom Lex, CEO, Heartland Credit Union, as Secretary/Treasurer.
In addition, CUPAC re-elected its officers at its annual meeting.  Officers elected to one year terms included: Brenda Crane, COO, Credit Union 1, as Chairman; Pete Fauth, Vice President/CFO, Financial Plus Credit Union, as Vice Chairman; Brian Cedergren, CEO, Abri Credit Union, as Treasurer; and RaeAnn Love, CEO, Commonwealth Credit Union, as Secretary.
Lastly, the IYIC elected its executive committee.  The members included: Wednesday Medlen, Business Development/Membership Officer, Community Plus Federal Credit Union, as Chairman; Susan Bentley, Business Development Coordinator, Advantage One Credit Union, as Vice Chairman; and Jackie Hoonjan, CEO, Valley Bell Credit Union, as Secretary/Treasurer.
Important News...
Legislative Day event rapidly approaching!  Now that the dust has settled from the Annual Convention, please be sure to RSVP now to attend ICUL's annual Legislative Day and Reception: "Credit Union Advocacy in the Political Arena."  This critical event will be held April 29 at a new location, the Prairie Capital Convention Center in Springfield.  Key highlights on the agenda will include a welcome and opening remarks from Illinois Governor and strong credit union supporter Pat Quinn; an update on the latest ICUL legislative initiatives by Steve Olson, ICUL EVP, General Counsel; a key block of time for you to visit with your local lawmakers at the State Capitol; and a reception back at the President Abraham Lincoln Springfield Hotel, where all state legislators and other dignitaries have been invited to attend.  Register today!  Click here for the brochure.  Online registration is also available.
Annual golf outing also part of Legislative Day event.  While you are coming into the state capitol for Legislative Day, be sure to also carve out some time to participate in the 4th annual Springfield area CUPAC golf outing to help raise funds for political action.  The event will once again be held April 28,the day prior to Legislative Day, at Edgewood Golf Course in Auburn (about 20 miles south of Springfield).  Click here for the brochure or register online.
Social media vital to credit union advocacy.  
If you are a social media user, the League wants you to be part of the online conversation!  As you may already know, CUNA, leagues, credit unions, and their members have been significantly engaged in defending the movement's tax exempt status and social media has been a critical piece to our success.  To that end, the Illinois League has been very active in building its social media audience as well, specifically via Twitter, to engage lawmakers and others in learning about the credit union difference.  If you are a Twitter user, be sure to follow @IllinoisLeague and we will follow you as well.  Especially if you will be attending Legislative Day, please give your participation in social media your complete attention.  If you are not already online, it's very easy to get started.  Contact William Wille, ICUL PR Coordinator for assistance.
LSC® to offer Credit Union Insurance Assistance Programs
LSC Insurance Services is now coordinating comprehensive, on-site credit union risk reviews of your current group health products and your overall insurance needs.
In addition, LSC has the ability to quote group health for both your credit union and your Select Employee Groups (SEGs) or sponsor companies.  Bill Cerwin, Manager, LSC Insurance Services, will review your current policies and complete a detailed risk analysis together with innovative solutions to match your objectives.
For further information, contact, or to set up a review click here.
Educational Opportunities
Non-interest income has become essential for the success of today's credit unions. The Growing Non Interest Income While Helping Your Members QuickBites on April 15 (Session Code: 459) will outline the results of a Filene project that explores how credit unions are growing non-interest income in ways that are transparent, freely chosen, and pay for services that add value to members. 
Credit unions and other financial institutions continue to deal with compliance pressures and a barrage of ongoing regulatory changes. Expectations have been heightened as evidenced by recent record breaking enforcement actions and monetary penalties. The Rough Seas Ahead - Compliance Changes telecourse on April 17 (Session Code: 460) will explore many of the new regulations and provide practical tips on compliance and risk management. 
In every credit union today, the ability to build the member relationships with every visit is more critical than ever before. At the Cross Selling for Front Line Staff QuickBites on April 22 (Session Code: 461), you will gain short, easy-to-remember tools to overcome the fear of selling and improve confidence. 
The focus of The Impact of CFPB Changes as part of the SAS Credit Union Webinar Series on April 22 (Session Code: 410), will be to help attendees better understand the holistic way small credit unions are being regulated by the NCUA by its new small credit union initiatives, which fall under the new CFPB rules affecting all aspects of credit union regulation. The session discuss new mortgage rules and how they impact small asset size credit unions.
eChecks have been around for a while, but it's important to understand not only what they are, but also how they work. There are different authorization requirements and mandates for providing information on statements. The Understanding E-Check Requirements & Warranties QuickBites on April 24 Session Code: 462(Session Code: 462) will provide you with a clear understanding of how checks are being electronified, the different requirements and warranties.
With the income streams from loans stagnating and recent laws changing credit and debit card income, credit unions have had to discover other ways to increase revenues. Philosophically, charging fees for services in credit unions has always been difficult to do. However, it has now become part of the fallout from the recession.  Learn more at the Non Interest Income - Keep the Engine Running QuickBites on April 28 (Session Code: 463).
Looking ahead to next month, join the NCUA's Deputy Director of Small Credit Union Initiations for some strategic ideas specifically designed for the smaller credit unions for the Collaboration Tips & Case Studies for Small CUs to Survive & Thrive QuickBites on May 1 (Session Code: 469).
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...

FHLBC Conference. The Federal Home Loan Bank of Chicago will be hosting a two-day conference: Unlocking Growth with an Eye on Risk April 23-24, 2014. Click here for all the details. Online registration is also available. This complementary conference will be held at the Langham Hotel in Chicago.  Feel free to call 312.565.6943 regarding attending this conference or to learn more about FHLBC Membership.


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.


REAL Solutions partner meeting.  The REAL Solutions program will be holding its Spring meeting at the ICU System Center in Naperville on Tuesday, April 15.  With a focus is on a variety of ways to help your credit union grow, REAL Solutions meetings are open to all credit unions.  The upcoming meeting will include a Financial Education Forum and a panel of speakers discussing reality fairs, retirement fairs, and web-based member education. For more information about REAL Solutions, please see the League's Web site.


Vote for ICUL's Senkpeil as CU Hero of the Year!  ICUL's Director of Small Credit Union Development, Joni Senkpeil, has been nominated by Credit Union Magazine as a 2014 Credit Union Hero of the Year! Joni's story, along with the other nominees, was published in the March 2014 issue.  If you have not already, We need your vote to help Joni receive this very deserving award!  Voting will take place through May 1.  This year's winner will be honored at CUNA's America's Credit Union Conference in San Francisco, June 29 - July 3.  Be sure to vote today!  Thank you.


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.  

Illinois Credit Union League

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

(800) 942-7124


Our Mission: To Serve You