ICUL Service Corporation
April 2013


Educational Opportunities 

At the Top 10 Potentially Profitable Products of 2013 Webinar on April 23 (Session Code: 465), take a look at some new and a few not-so-new products that could be earning your credit union a revenue stream in the coming year. With her ties to Filene, i3, Finovate and CUES, Shari Storm will share ten products that should be on your radar.

Seven months after the implementation of the NCUA IRR regulation, the ALM Interest Rate Risk Update QuickBites on April 30 (Session Code: 462) will update you on the regulators' most recent pronouncements. We will also offer some reports from the field by credit unions who have been examined under the new regulation. We will review the two most common methodologies for estimating IRR, income simulation and NEV and discuss their practical application. As long term assets increase, we will offer some additional insight into the NEV approach.

The Business Accounts Webinar on April 30 will again review account agreements and items relevant to non-natural person accounts.  We will review the various types of legal entities, membership eligibility issues and issues related to the use and maintenance of the accounts.  This will also include issues related to the designation of authorized persons and changes authorizations on business accounts, along with documentation requirements.

Looking ahead to next month at the Proven Gen Y Strategies for Success QuickBites on May 2 (Session Code: 470), you will learn from the shared experiences of Listerhill Credit Union as they have connected with the financial needs of today’s youth. You will hear about their discoveries and gain insight from their response as they anonymously surveyed college students from the University of North Alabama for honest feedback about credit unions. The session will offer effective approaches to meaningful dialogue as well as the importance of being positively different than traditional institutions. Today’s youth want a voice in their financial service and are ready to embrace the credit union cause if we will embrace them uniquely and individually. Be prepared to be challenged, to be young, and be DiFfeRenT!!!

Bank Secrecy Act training is available on demand!  The Bank Secrecy Act requires that all frontline personnel be trained on money laundering and the responsibilities of the financial institutions on currency reporting and suspicious activity every year. See the ICUL education calendar for the schedule of BSA on demand training and all QuickBites and Telecourses.

Also available on demand: Financial Exploitation of the Elderly. Elder abuse training – regarding financial exploitation of the elderly -- is now required for employees and officers with direct customer contact. Examiners are collecting information about your credit union’s training on this subject, as IDFPR is required to report training data on a bi-annual basis.  This QuickBite will meet the training requirements and will cover: 

  • Terminology; 
  • Illinois statutory protections;
  • Recognizing the indicators of financial exploitation;
  • Some of the common perpetrators of financial exploitation; 
  • Financial record confidentiality and exceptions; 
  • Where to report when a confidentiality exception applies; 
  • Suspicious Activity Reports/narratives/confidentiality;  and
  • Training and record-keeping requirements for current employees and new hires.

All credit unions face situations where only they have an opportunity to witness suspected exploitation. Participate in this QuickBite to learn the common indicators and the actions you can take.

Play it again! The audio archive of all QuickBites and telecourses is 60 days with paid registrations for most sessions. Whether you were unavailable for the scheduled date and time of a particular call or just want to hear the session again, you will have 24/7 access for the entire 60 days after the scheduled session. This feature enhances the value of audio training and is included for no additional charge. The audio archive link will be activated within 48 hours of the live event.

For a complete calendar of all Educational offerings, please click here.

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