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CU System
LSCU plans webinarworkshop on CUs oil spill response
TALLAHASSEE, Fla. (8/11/10)--A workshop/webinar on the "Credit Union Response to the Gulf Oil Spill" is planned for Aug. 30, according to the League of Southeastern Credit Unions (LSCU). The event will be at 1 p.m. to 4 p.m. CT at Pen Air FCU, Pensacola, Fla., and will be available with a phone-in option. "The effects of the British Petroleum (BP) oil spill in the Gulf of Mexico will be felt for years to come," said Mike Bridges, LSCU's vice president of communications. "As Labor Day approaches, the main tourist season for the Gulf Coast ends, and small businesses will need help as they try to stay afloat until industries and tourism return to the area." Credit unions have an opportunity to make small-business loans to many of the Gulf Coast businesses and serve as a resource for them as they work with BP to file claims, said the league. Bridges says the workshop/webinar stems from a meeting last month with National Credit Union Administration (NCUA) Region III Director Herb Yolles and his staff. The group discussed the devastation along the Gulf Coast and the need for flexibility in lending to those hardest hit in the area. The league is working to have regulators from Alabama, Florida and NCUA take part. The workshop will address ways credit unions can serve as resources for small businesses, best practices, and what credit unions are hearing from their members. The event will be open to all credit unions.


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