Onsite: Viva Las Vegas – NAFCU’s Annual Conference & Solutions Expo

NAFCU’s 47th Annual Conference and Solutions Expo continued on in Las Vegas, NV.  Keep stopping CUInsight.com for updated coverage on the site and through our social media channels.  Check out @CUInsight and #NAFCUAnnual on Twitter for real time coverage.

NAFCU’s government affairs group had a panel discussion on Thursday. The panel included Carrie Hunt (SVP of Government Affairs and General Counsel), Brad Thaler (VP of Legislative Affairs), Katie Marisic (VP of Political Affairs), Jillian Pevo (Director of Legislative Affairs) and Mike Coleman (Director of Regulatory Affairs). The team reiterated NAFCU’s commitment to credit union’s interests and that they are urging regulatory relief from regulators and Congress and will continuing to protect the credit union tax exemption.

Coleman predicted yesterday during a panel discussion that the implementation period for the risk-based capital rule would be extended to at least three years by the NCUA.

Thaler talked about the letter to the NCUA that was signed by 324 members of Congress.  Stating that Congress knows how well credit unions faired during the financial crisis and continued to lend.

Marisic discussed upcoming congressional races focusing on the ones of “friends” of credit unions.

Pevo said that time was running out on Congress to act on housing reform and that NAFCU is fighting to ensure that credit unions have access to secondary mortgage markets.

NCUA’s Director of Examination and Insurance, Larry Fazio, held a breakout session Thursday discussing the initiatives the NCUA has completed under the examination report modernization program. This program is outlined in Letter to Credit Unions 13-CU-09.

Fazio stated the NCUA is focused on three key areas; fraud, credit and lending problems, and recordkeeping. These are the areas that cost the share insurance fund the most. One key items on on the to-do list was to separate Documents of Resolution from the Examiner Findings report.

Various peer forums also took place on Thursday. Executives, board members and supervisory committee members discussed issues affecting their roles in the credit union industry.  There was also a small credit union round table for credit unions with less than $75 million in assets facilitated by the NCUA’s Bill Myers.

Today six people and two credit unions are being honored as the winners of NAFCU’s 2014 Annual Awards Competition.  Congratulations to all the winners.  Drum roll please… the winners are:

Federal Credit Union of the Year
XCEL Federal Credit Union, Bloomfield, N.J. ($250 million or less)
Michigan State University Federal Credit Union, East Lansing, Mich. (more than $250 million)

CEO of the Year
Bill Nikolauk, 1st Community Federal Credit Union, San Angelo, Texas ($250 million or less)
Bob Marquette, Members 1st Federal Credit Union, Mechanicsburg, Pa. (more than $250 million)

Professional of the Year

Sarah Dale Harmon, Magnolia Federal Credit Union, Jackson, Miss. ($250 million or less)
Robin Brulé, New Mexico Educators Federal Credit Union, Albuquerque, N.M. (more than $250 million)

Volunteer of the Year
Peter Lupi, First New England FCU, East Hartford, Conn. ($250 million or less)
Bob Scott, Pentagon Federal Credit Union, Alexandria, Va. (more than $250 million)

Randall Smith

Randall Smith

Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust. As one of the co-founders of CUInsight he looks ... Web: www.CUInsight.com Details