An NCUA board member urging credit union advocates to push for more regulatory relief, a futurist, and engaging breakout sessions on field of membership and CUNA’s bylaws marked some of the major moments of the CUNA Governmental Affairs Conference Monday.
CUNA president/CEO Jim Nussle opened the morning general session by challenging attendees to be disruptors in the financial services industry so credit unions can better compete with big banks. He also unveiled the new #CUdifference campaign with his wife, Karen.
Award-winning author and futurethink CEO Lisa Bodell, talked about “breaking a stupid rule” to foster innovation, and NCUA Chair Debbie Matz spoke about the member business lending rule the agency approved last week.
Other Monday highlights include:
• NCUA board member J. Mark McWatters laid out 21 items he said would improve transparency and help credit unions better serve consumers. McWatters also said he feared “business as usual” at the NCUA and urged credit union leaders to tell their stories directly to members of Congress to enact true, lasting regulatory relief.
• In a video message, Speaker of the House Paul Ryan, R-Wis., said he is familiar with credit unions’ work and the value they provide to more than 100 million Americans.
• Ten credit unions received CUNA’s Membership Benefits Awards for the substantial financial benefit they provide to members.
• Speakers at the National Federation of Community Development Credit Union’s fifth annual CDFI Roundtable addressed new opportunities and tools for serving low-income consumers.
Visit news.cuna.org/gac for more conference coverage.
Credit unions are the original financial services disrupters. And they are the original cooperative cooperators. Those two essential traits of their DNA make them the perfect business model to shake up financial services again by moving squarely into the innovative blockchain or "shared ledger" model of transactions.