LCUL is working alongside its member credit unions to provide resources and information in response to coronavirus (COVID-19). We will continue to update this resource page as we pursue opportunities to further assist your credit union.

LCUL has created a listserv for credit union CEOs/executive management to post questions and share best practices. Please use this platform to share with one another and engage in conversation. To subscribe to the listserv, send an email to requests@lcul.com and provide your name (first and last) and email address.

Members of the Listserv can access the listserv by clicking here to search topics and responses that have been posted.

June 25: COVID-19 Loan Growth, Profitability, and Collections

June 4: Business Development in a Remote World

May 8: Guidance on Re-Opening.

April 16: Virtual Roundtable with Industry Experts

Industry Resources

Re-Opening Information and Resources

Information on the CARES Act and Louisiana's Loan Program to Assist Small Businesses

HR Resources and the Families First Coronavirus Response Act: Effective April 1, 2020

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. These provisions will apply from April 1, 2020 through December 31, 2020.

Check the Wage and Hour Division's website or sign up for Key Alerts to ensure that you remain current with all notice requirements.

Financial Assistance for Credit Unions

In response to the coronavirus disease (COVID-19) pandemic, the Louisiana Credit Union Foundation is implementing a new program to assist credit unions through this difficult time. Grants up to $1,500 are available to help small credit unions (up to $25 million in assets) to offset unexpected COVID-related expenses.

Click here for more information and to apply. 

Communication Resources

Video Awareness Campaign

During these uncertain times, it's important to remind members that credit unions are ready to help with financial relief programs. Our league partners has produced a series of videos that are free for credit unions to use. Visit: https://www.vidfuel.com/ to download the generic versions or to inquire about customization for a nominal fee.

Sample Communications to Members

Member Reminder of Share Insurance

COVID MAP Template 1

COVID Map Template 2

Message if staff member test positive for COVID

Inform members of COVID-19 Related Scams.

Sample Messaging: Branch Re-Opening

Marketing Resources

CUcontent is providing FREE, daily COVID-19 content. Click here to sign up.

Main Street has developed a FREE Resource Center that includes sample social post copy, downloadable images to utilize on various social media platforms or on your website, and helpful tips and resource links to help you communicate with your members during this time.

Our Strategic Partners are stepping up to help credit unions during the COVID-19 crisis.

POPi/o: Member Access to Branch Services via Video

For a limited time, POPi/o is offering a limited number of FREE video seat licenses per credit union to provide web-based video collaboration for your members to contact the credit union. Click here for more information.

Eltropy: Text Messaging for Credit Unions and Their Members

For the first 25 credit unions to accept this offer, Eltropy will waive setup, implementation and platform fees for 90 days to use their platform to reach out to employees and members via text message. The only cost the credit union is responsible for is the text fees. Click here for more information.

Signix E-Signature Program

In this unprecedented time, LCUL continues to look to provide solutions that will help our credit unions with social distancing. Signix provides a strong e-signature solution. They are providing a special offer on their e-signature solution for those credit unions that don’t currently have a solution available to their members. SPECIAL OFFER: Signix is waving their User license fee and Minimum Purchase Requirements for 90 days. The only cost will be the per-transaction cost and authentication (KYC) fee. If the credit union wishes to cancel the program after 90 days they would need to notify Signix per the agreement.

Click here to view information on Signix E-Signature program.

Click here to view an on-demand 30 min webinar on the program.

Rate Reset Helps CUs Manage Loan Deferral Programs

Rate Reset is now offering solutions that can help your back office serve your members more efficiently. Credit Unions have worked with the Rate Reset team to provide a more effective solution for automating Skip-a-pay programs. Rate Reset is also working with Credit Union Mortgage Association with mortgage deferments on GSE and Portfolio loans.

Rate Reset is currently offering 50% off of implementation fees and no other fees for two months!. If you are interested in this special offer or would like more information on Rate Reset's programs, contact Steven Liberto, EVP of Business Solutions.

CU Solutions Group

CU Solutions Group has a number of promotions and free resources for member credit unions. Click here for more information.