Focus on Nashville
June 21, 2016 4:02 PM
A look back in pictures at the National Association of Federal Credit Unions Annual Conference.
Dan Berger
NAFCU CEO Dan Berger offered up some take-home value by sharing a number of strategies from successful credit unions that executives and directors could implement at their credit unions, most of them related to getting more visibly involved in the communities they serve.
From something as simple as wearing shirts with the CU's logo on it, to having branches adopt a school, these easy-to-implement tactics help build a credit union's profile in the community, and that, Berger said, can have immense value, not only for building the bottom line but also for building morale.
From something as simple as wearing shirts with the CU's logo on it, to having branches adopt a school, these easy-to-implement tactics help build a credit union's profile in the community, and that, Berger said, can have immense value, not only for building the bottom line but also for building morale.
Rick Metsger
NCUA Chairman Metsger ignited the crowd at NAFCU's Annual Convention when he announced the agency will be holding its first public budget briefing in more than a decade-something credit unions have long been seeking. It is just the latest action in an overall effort to bring more transparency to the regulator.
Best Practices
Attendees at "Ask the Right Questions" workshop, get the inside scoop from Tim Busby of c.myers corporation.
Executive Compensation
Everyone was paying close attention to Jack Clark and Chris Burns-Fazzi at the NAFCU/BFB Gallagher Executive Compensation Survey Report session.
Mitigate Threat
Christopher Pippett of Fox Rothschild LLP, updates the audience on Mitigating Your Closest Threat: Internal Fraud.
Restore Confidence
Mitch Klein, Citadel FCU, provides the crowd with his firsthand insights on restoring member confidence.
Fred Eisel
First Carolina Corporate FCU SVP/CIO Fred Eisel told credit unions that the Federal Reserve is now so deeply involved in the economy that it will be a very long time before the Fed can pull away from some of the accommodations they had to make during and after the recession. Eisel was one of three members of the Credit Union Economics Group who participated in a special panel discussion on the economy at NAFCU's Annual Convention.
He also noted that its most recent survey of its member credit unions, the corporate found that although the growing regulatory burden is still very much a top concern, some of its larger credit unions are starting to talk about potential liquidity concerns, as well. "You'd be surprised at how many credit unions aren't pricing their loans correctly."
He also noted that its most recent survey of its member credit unions, the corporate found that although the growing regulatory burden is still very much a top concern, some of its larger credit unions are starting to talk about potential liquidity concerns, as well. "You'd be surprised at how many credit unions aren't pricing their loans correctly."
Scott Knapp
CUNA Mutual Group Director of Investment Strategy Scott Knapp said that for all people talk about how low rates are, the fact is that the downward rate trend has been around for a very long time, well before the recession. He pointed to the preponderance of negative rates in other countries and noted that only two countries on his list had no negative rates-the United States and the United Kingdom. The panelists agreed it is unlikely we will see negative rates take hold in the U.S.
Karen Rosales
In a session about turning around credit unions in trouble, Arlington Community FCU CEO Karen Rosales outlined how the $250 million CU adjusted its lending (notably to go deeper into subprime territory, among other things), increased its community activism and created the Department of Efficiency and Innovation. Among the positive results: 84% of the CU's members have at least one loan with the credit union.
Scott Duszynski
One of the most well-known success stories, Keys FCU came out of conservatorship after six arduous years of repairing damage from a perfect storm of events-including, an actual storm: Hurricane Wilma. But one of the biggest storm clouds of all, despite a time period that would include the aftermath of a hurricane and the Great Recession, was the storm within. "Our board was split down the middle about what direction we should go in," said Scott Duszynski, who is now the CEO of the CU.
He asked the members of the audience to raise their hands if they are board members, and then urged them to work hard to get along with one another and minimize strife on the board.
He asked the members of the audience to raise their hands if they are board members, and then urged them to work hard to get along with one another and minimize strife on the board.
Board Succession
Deedee Myers of DDJ Myers, Ltd, leads the discussion on board succession planning during breakout session, Board Succession Planning.
Driving New Income
Christopher J. Pippett, Partner, Fox Rothschild LLP led a breakout session on how to drive new income.
Afternoon General Session
Keynote speaker Carey Lohrenz delivers a powerful message in her presentation, "Lessons in Leadership from the Flight Deck" to conference attendees on Friday, the last day of NAFCU's Annual Conference.
