Credit Union Leaders Share Thoughts, Discuss Post-Durbin Strategies during Roundtable Webinar this Thursday

For More Information: Lisa Mallow ▪ MJB PR Group ▪ (866) 714-7041 ▪ lisa@mjbpr.com

Washington, D.C. (July 12, 2011) – With the Durbin Interchange Amendment finalized by the Federal Reserve last month, credit unions now have clarity on the effects of the new law; namely, how their debit interchange will be affected. This legislation, part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, caps debit swipe fees at a base of 21 cents per transaction and includes a one-cent fee for fraud prevention and a 0.05 percentage-point fee for fraud losses.

Credit unions’ next step is developing ways to adjust to the lost revenue while maintaining member satisfaction. To help, several credit union executives will share and discuss their successful post-Durbin strategies during a Callahan & Associate’s live webinar, Life After Durbin – Respond to the Changing Marketplace. The event is scheduled Thursday, July 14 at 2 p.m. Eastern Time.

Participating in the roundtable discussion will be:

Brian Clarke – CFO, Bethpage Federal Credit Union

Larry Damm – CEO, Cessna Employees Credit Union

LaMont Hanson – CEO, East Idaho Credit Union

Kyle Markland – CEO, Affinity Plus Federal Credit Union

Bob Stroup – VP of Member Strategies, BECU

“Credit unions are no longer in limbo when it comes to the Durbin Amendment and what it means to them,” said Alix Patterson, COO of Callahan & Associates. “Now, as they begin work to address these changes brought by the new law, credit unions can draw advice and inspiration from their peers. There are opportunities to be found for credit unions post-Durbin.”

The webinar, Life After Durbin – Respond to the Changing Marketplace, will run 60-75 minutes. Credit unions can register at http://www.creditunions.com/cutv. For more information on Callahan & Associate’s educational webinars, call (800) 446-7453.

About Callahan & Associates

Callahan & Associates, based in Washington, D.C., has been serving the credit union community for more than 25 years. The firm specializes in financial publications, technology-driven credit union information, strategic planning, and investment management. Through its portal, www.creditunions.com, Callahan & Associates offers a full suite of products designed to enhance the performance of credit unions and suppliers, including financial analysis software, research, webinars and expert commentary. To learn more, visit www.Callahan.com.  

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