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LSCU report shows success of consolidation
TALLAHASSEE, Fla. (2/19/14)--The League of Southeastern Credit Unions (LSCU) released its annual self-assessment, which shows what the league did for its member credit unions regarding governmental affairs, education, cooperative initiatives and communications.
 
"What you see more than anything is that consolidating the Alabama and Florida Leagues has been a success," said LSCU President/CEO Patrick La Pine ( eSignal Feb. 17). The league returned a 10% dues rebate worth $310,000--the first in its history. Its service corporation, LEVERAGE, shared more than $100,000 in patronage dividends to Alabama and Mississippi credit unions.
 
The league ended 2013 with an 84% affiliation rate and 11 new member credit unions.
 
"Our two states and the movement are stronger because we work cooperatively together," La Pine said.
 
Other highlights from 2013:
  • Generated more than 120,000 unique contacts to Congress for the "Don't Tax My Credit Union" campaign;
     
  • Created the Alabama Credit Union Association and Florida Credit Union Association brands to raise state identity for advocacy efforts;
     
  • Drafted 19 comment call letters on federal regulatory proposals on behalf of credit unions;
     
  • Offered 103 webinars, training 837 people on compliance, lending and operations;
     
  • Partnered with the National Credit Union Administration for a small credit union boot camp in Birmingham, Ala., that drew more than 100 attendees from five states;
     
  • Presented CU Philosophy in Action Workshop highlighting cooperative principles of credit unions;
     
  • Raised more than $500,000 for Children's Miracle Network Hospitals through Alabama and Florida credit unions;
     
  • Introduced eSignal Daily to better inform credit unions of timely industry news; and
     
  • Added auditing, compliance and human resources services to its LEVERAGE offerings.
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