NEWS FROM CUNA: CUNA Volunteer Institute Helps Attendees Lead during Challenging Times

Posted: 2010-08-06 00:00:00



And Prepares Credit Unions for Potential Fiduciary - Duty Standards


Contact:
Mark Wolff – CUNA Communications; (202) 508-6764; mwolff@cuna.coop
Bonnie Bailey – CUNA Marketing; (608) 231-4215; bbailey@cuna.coop


In a financial world that grows in complexity with each passing day, credit union volunteers need an advanced understanding of the issues affecting their credit union. From daily operations to board governance to fiduciary obligations, the ability to understand and analyze issues is critical.  CUNA’s Volunteer Institute, October 10-13 in Las Vegas, NV, is designed to create a simplified approach to these sorts of complex subjects that board members, committee members and CEOs address daily.

By attending this educational event, attendees can make confident recommendations and decisions to lead credit unions through these challenging times. The program focuses on content created by credit union experts that provides the insight and understanding of the current industry needs and expectations, such as the changes the National Credit Union Administration (NCUA) recently proposed to sections 701, 708a, and 708b of its rules. All credit unions—particularly federally chartered credit unions—should understand these proposed rules and how they could affect their volunteers. By successfully completing identified sessions and exams, attendees can earn credits for the CUNA Volunteer Certification Program toward their Certified Credit Union Volunteer designation.

Key sessions include:

Compliance Update

Robert Rutkowski

Does it seem like the compliance issues have become impossible to keep up with these days? Imagine how your compliance officer feels! This session will help you keep on top of the ever-changing regulatory environment, for the safety and soundness of your credit union. Hear from Robert Rutkowski, head of the Credit Union Department and the Corporate & Financial Services practice group for his law firm, and let him guide you through this minefield of changes.

High Board Involvement = Great Results: The Board's Role in Strategic Planning

John Redding

Does the degree and nature of board involvement in strategic planning lead to improved credit union performance? The answer is a definitive "yes." Hear the stories of several high-performing credit unions whose boards played critical roles in sparking and guiding their organizations to achieve high-performer status. Discover a best-practice model for board involvement in strategic planning, identifying specific steps to strengthen your board's contribution to obtain superior results. Then learn how several boards have successfully applied this best-practice model to produce better-than-expected results in the midst of an unprecedented economic crisis.

E-governance: Using Online Tools to Build Your Board's Effectiveness

Dottie Schindlinger

E-governance, the strategic use of online tools such as board portals to enhance the effectiveness of boards of directors, is the latest governance trend sweeping the globe. Board portals provide a secure online space where board members can share resources easily, communicate efficiently, conduct committee and board work between face-to-face meetings, share calendars, and develop a knowledgebase. The smart implementation of these online tools can increase director engagement, enhance transparency and accountability, and reduce risk.

Implementing E-governance Successfully

Dottie Schindlinger

Implementing any new technology solution requires careful planning; with e-governance, planning is critical to success. Building on the keynote presentation on e-governance, this session will provide a list of concrete steps you can take to implement a board software solution.

Analyzing the Risk in Your Loan Portfolio

Dan Johnson & Steve Miller

The economic troubles of the last couple of years have revealed weaknesses and flaws in many loan portfolios. It is incumbent upon the supervisory committee to make sure that management is assessing this risk and taking steps to control and manage that risk. Hear from industry experts who will help you maximize your effectiveness while ensuring the efficiency that is required to meet deadlines.

The registration fee is $1,295 per person for the entire session ($1,395 after August 29, 2010).CEOs attending with at least one board member, can register for the full conference at 1/2 price. For more information,visit training.cuna.org or call 800-356-9655, ext. 4249.

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About CUNA – Your Trusted Resource for Credit Union Success™

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 7,700 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

 
Comments (4)
Posted:2012-04-22 01:40:32
By:Lucka
My hope is to share the American Dream now that we are well into the 21st century.Not only with everyday American citizens but rather every man,women and child that occupies planet earth.In our short yet explosive time hear on the planet man has evolved many times over thruoghout the centuries.Since the great Ceasar to the magnificent Lincoln from the grate industrial revolution to the race of outter space the one common denominator each preceding generaion delt with was change and absolute change because the people demanded it. Today I believe the biggest change ever needed for man, confronts us today. I remember like it was yesterday when I was a young boy and I would be in school and open my school book and we would learn about new technolegy for the future, they talked about great computers and all kinds of robots and yes even about amazing space travel. When the school day was done I would return home where mom would be preparing dinner and dad was due home shortly from a hard but yet fare and honests days work. Well my friend those text books were only partly right, you see no one and I mean no one had any idea of the extent of the technology boom that would consume the planet from the late 80′s to present day and far out succeded any school books expectations. And with no end in sight for the technology age the sky if indeed the universe is the limit. In 1776 the greatest document ever concieved by man was signed and implented by dozens or even hundreds of great men indeed, it truely revolutionised man kind. The greatness of are for fathers need not be debated on this subject for surley the greatness and the power that exzemplifies u.s throughout the world is attributed directly to them. But even with all there great thinker’s and there endless debates to achieve this historic document they knew there was no way to know what the future held for the great men and women in the u.s yet to come. So with all there great wisdom (even though many were slave owners) they made sure there was one invariable right they set foth for all ….Amendment’s..CHANGE, you see even our great great great grandfathers new then that there document would not be perfect forever. Today as we reach 7 billion people on the planet the number one phrase through out the industrial world is streamline. Words like population growth and steamline don’t mix infact I believe it makes for a very deadly cocktail. So until we convience the tradionalist which makes up about 98% of the population, I do not believe man kind today can make the necessary and absolute changes that need to be made!!! The subject no longer is the left correct or is the right correct, indeed the correct question is are we ready and able for absolute change. The measure of success now has to be based upon this one simple question how is my neighbor doing….NAMASTE my brother.

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Posted:2012-04-19 01:59:19
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Posted:2012-04-10 06:50:52
By:Deborah
Bank on itWith all the hullabaloo rteencly with too big to fail and people occupying streets, many folks have started taking a look at who they let hang on to and invest their money. Traditionally, unless you are like my grandmother and hide money in various odd locations throughout your house, you probably keep your money in a bank. Recently, however, credit unions have been surging in popularity. So what exactly is the difference between a bank and a credit union? Well, both hold on to your money for you and offer you easy access to it, but they do differ in some key ways let's take a look.Credit where credit is dueI'm not going to argue one way or another for which is better, that's entirely up to you and your banking needs. What I will do is compare and contrast these two types of financial institution, so you can make your own decision. With that said, here we go.BanksCan be nationwide, even worldwideOperate on a for-profit business modelTypically owned by private investorsGoverned by a board of directors chosen by stockholdersOffer business as well as consumer accountsCredit unionsTend to be regionalOperate as a non-profit financial cooperativeOwned by their members, i.e. their account holdersGoverned by a board of directors chosen by the membersStrongly consumer orientedBecause credit unions don't need to turn a profit, any interest they earn by investing your deposits is returned to you in the form of a member dividend. They also tend to have lower fees and higher interest rates on savings and checking accounts.Banks have their advantages, too. If you frequently travel or work outside of your home region and require physical access to your financial institution, a nationwide bank might be a better option. Yes, you can withdraw money anywhere, from any ATM with a credit union, but if you need to make a deposit when the nearest one is 500 miles away, this may present a difficulty.The payoffObviously, your particular needs will determine which type of financial institution suits your needs the best. Don't just automatically assume that one is correct for you based on what I've written here go and do your research. Find out what banks and credit unions are popular in your area, and talk to people about what they like and don't like about them. When it comes to money, the best decision is an informed decision.

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