Event Calendar

Eastern Chapter Meeting @ Holiday Inn, Norwich, CT
May 22 @ 5:30 pm – 7:30 pm

Speaker:  Bob DeLisa, President, Cooperative Systems

Program:  Cyber Fraud

Agenda:   5:30 p.m.            Social Hour (cash bar)

6:00 p.m.            Buffet Dinner

6:30 p.m.            Chapter Meeting and Speaker

Dinner:    Buffet Dinner ($30.00 per person)

Deadline to Register:   Friday, May 17, 2013


Click Here for registration information.

Trust Account Basics @ League Education Center, Meriden
May 23 @ 9:30 am – 11:30 am

Barb Bass, Vice President of Education/HRD

Revocable trust, living trust, custodial trust…oh my! This program will step back and look at trusts, answering who, what, why, and how.

We will review:
• What is a trust account?
• Most common types of trust accounts including informal, revocable, irrevocable, custodial, living, guardianships and UTTMAs
• What to look for when establishing a living trust account
• Compliance issues related to trusts
• NCUA coverage

MSR management, MSRs, Tellers, and anyone dealing with trust accounts


New Volunteer Orientation @ League Education Center
May 23 @ 5:00 pm – 7:00 pm

From: 5/23/2013 5:00 PM
To: 5/23/2013 7:00 PM
New Volunteer Orientation
League Education Center, Meriden

Watch this space for more information!

2013 CT Governmental Affairs Conference
May 30 @ 8:30 am – 1:00 pm

Dannel Malloy_bio_picGovernor Dannel Malloy to Speak!
CT Governmental Affairs Conference

Thursday, May 30th
8:30 a.m. – 1:00 p.m.
Hilton Hartford
315 Trumbull Street, Hartford, CT 06103

Your attendance is needed at this important conference to show our legislators that we are a united force!

Other Confirmed Speakers

•  Banking Commissioner Howard Pitkin
•  Senator Richard Blumenthal
•  Senator Chris Murphy
•  Congressman John Larson
•  State Representative and Republican Leader Lawrence Cafero

 This event is free to affiliated credit unions.

Register Today!

Contact Susan O’Loughlin at soloughlin@culct.coop or 203-608-7061.

Don’t miss this great opportunity to hear first-hand federal and state updates from our governor and elected officials!

The conference begins at 8:30 with a continental breakfast with our first speaker beginning at 9:00 a.m. and ends with a buffet luncheon beginning at noon. Parking is in the Hilton Garage Parking area and will be validated.

Register today by contacting Susan O’Loughlin at soloughlin@culct.coop or 203-608-7061!

Improve Your Home Equity Operations @ League Education Center, Meriden
Jun 4 @ 10:00 am – 12:30 pm

An Informational Session Provided by 

Member close

A Credit Union League of Connecticut Strategic Partner

Tuesday, June 4, 2013
10:00 a.m.–12:30 p.m.
League Education Center, Meriden
Light lunch will be provided

MemberClose®, the largest provider of bundled settlement services to credit unions, is a web-based program that will save your credit union on both the time it takes and the money it costs to process all types of home equity loans.

Find out why nearly 200 credit unions—including 3 in Connecticut—have chosen MemberClose to help them better compete in the challenging home equity market. Attendees will see a live demonstration of the MemberClose program.

There is no cost for affiliated credit unions to attend!

To Register: Contact Susan O’Loughlin at soloughlin@culct.coop or 203-608-7061.

Questions? Contact Bob Delaney at MemberClose (rdelaney@cucenter.org).


Financial Reality Fair Wrap-Up Meeting @ Credit Union League of Connecticut
Jun 10 @ 9:30 am – 11:30 am
Financial Reality Fair-Eastern CT @ Location TBD
Jun 11 @ 9:30 am – 10:30 am

FinancialRealityFairLogoWatch for news about the Financial Reality Fair to be held on this date! Many volunteers are needed to insure the success of this important educational activity. Please consider volunteering!

(Location to be determined.)

Watch for more information on this exciting event!

Board Financial Literacy Training @ Credit Union League of Connecticut
Jun 13 @ 5:00 pm – 7:00 pm

NCUA’s Letter to Federal Credit Unions #11-FCU-02, issued in February of 2011, requires that directors of FCUs “must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement.”

It continues, “A director must understand these financial statements to participate in a meaningful manner in the direction and control of the institution.”

This session will be for NEW DIRECTORS who have joined your board since the last required training in the fall of 2012. This will be a two-hour session from 5:00-7:00 p.m. Sandwiches will be served. There is no cost to attend.

Topics will include:
• Balance sheet and income statement basics
• What does ‘off balance sheet’ mean
• The importance of trend analysis (tables or graphs)
• Key financial ratios
• What does ‘accrual accounting’ mean
• Delinquency reporting
• What is the Allowance for Loan and Lease Losses contra asset account and how is it related to the Provision for Loan and Lease expense
• NCUA 5300 quarterly reports
• Budgeting and ALM basics
• The risks: credit, liquidity, interest rate, compliance, strategic, transaction, and reputation
• Peer analysis
• Internal controls
• Asking the right questions

Policy Works Compliance Webinar: Intro to Truth in Lending/Reg Z @ Credit Union League of Conecticut
Jun 18 @ 9:30 am – 11:30 am



The Truth in Lending Act (TILA) and the implementing regulation, Regulation Z, is a significant part of lending compliance. This session will be an introduction to TILA and Regulation Z, covering definitions, open-end loan disclosure requirements, closed-end loan disclosure requirements, as well as the special requirements for mortgages and credit cards. Attendees will learn the basics about compliance with this significant lending law.

TILA-RegZThe webinar will be followed by an ‘open discussion’ at the conclusion of the program.

Click for the Registration Flyer.

These webinars will be placed on the League’s member-protected area of the website.

PolicyWorks Compliance Webinar: Deposit & Operations Update @ Credit Union League of Connecticut
Jul 16 @ 9:30 am – 11:30 am

CFPB logopolicy_works_logo



The CFPB is not only focused on mortgage lending regulations, but also may issue new and amended regulations related to electronic funds, prepaid cards, and overdrafts. We will discuss the CFPB’s current actions, including any proposed and final rules related to deposits and operations. In addition, we will cover the NCUA’s 2013 actions that relate to deposits or operations.

financial_operationsThe webinar will be followed by an ‘open discussion’ at the conclusion of the program.

Click for the Registration Flyer.

These webinars will be placed on the League’s member-protected area of the website.

There will be a Compliance Network meeting after this webinar.