Small credit unions discussed collaboration, regulation, and corporate stabilization, among other topics, during Sunday’s Small Credit Union Roundtable.
CUNA President/CEO Bill Cheney addressed the attendees, urging them to capitalize on their size and ability to be nimble in their service to members.
Participants also heard from:
• The Collaboration and Cooperation panel, including George Hofheimer, chief research officer at the Filene Research Institute; and Lucy Ito, senior vice president of credit union growth/development at the California and Nevada Credit Union Leagues.
This group discussed collaborative efforts aimed at reducing redundancies and gaining efficiencies among small credit unions. Examples included credit unions collaborating with each other, and credit unions collaborating with noncredit union entities such as cooperatives and community groups.
• The Regulatory Compliance panel, featuring Kathy Thompson, CUNA’s senior vice president and associate general counsel for compliance and legislative analysis; Jennifer Simmons, interim league president of the Maryland and District of Columbia Credit Union Association; and Joetta Heck, credit union compliance expert and CEO of Kemba Charleston (W.Va.) Federal Credit Union.
Panelists covered how to alleviate credit unions’ compliance burden, how to reduce compliance costs, and how to identify and use compliance resources.
• The Open Forum, including Jamie Chase, principal and instigator of goodness at CU Strategic Planning; and Bob Hoel, senior scholar at the Filene Research Institute and professor emeritus of business at Colorado State University.
This group addressed more “big picture” issues brought up by roundtable participants—including strategic planning, compensation, and corporate stabilization.