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LSCU to offer workshop to help victims of Gulf Oil Spill

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The BP oil spill in the Gulf has had a devastating effect from Louisiana to Florida. While the well looks like it's capped, the lingering effects from the spill will be felt for years. With Labor Day comes the end of the main tourist season along the Gulf coast. Small businesses need help the most at this time as they try to stay afloat until the various industries return, along with tourism. Credit unions have an opportunity to make small business loans to many of these people.

The LSCU is putting together a workshop and webinar called the "Credit Union Response to the Gulf Oil Spill" at Pen Air FCU in Pensacola, FL on August 30. The regulators from Alabama, Florida and the NCUA have been asked to take part. Last month, the LSCU met with NCUA Region III Director Herb Yolles and his staff to discuss the devastation along the Gulf coast and the need for flexibility when considering loans for those hardest hit. This workshop and webinar will address how credit unions can serve as a resource for small businesses. Credit unions will also have time to talk about best practices and what they are hearing from their members. This workshop and webinar will be open to all credit unions with a phone-in option. The LSCU asks credit unions to save this date:

Credit Union Response to the Gulf Oil Spill
Monday, August 30, 2010
1 – 4pm CST
Pen Air FCU, Pensacola, FL

If you have any questions, please contact Association Services Chief of Staff Cassandra Grayson at 866.231.0540 ext. 1004 or Vice President, Regulatory Affairs Bill Berg at ext. 1028.