Bill Cheney, CUNA president/CEO, and Bill Mellin (above), president/CEO of the Credit Union Association of New York, helped more than 1,200 attendees kick off the Opening General Session of the 2013 America's Credit Union Conference (ACUC) Sunday evening.
CUNA's ACUC runs through Wednesday in New York City.
Mellin opened the conference by welcoming attendees to New York--the Empire State--and noting New York City has more than eight million residents and welcomes more than 50 million visitors annually. He also said that more than one-third of the city's residents were born abroad.
He mentioned the city's ethnic diversity manifested in neighborhoods such as Chinatown and Little Italy, and the fact that the city has 14,000 taxi cabs and the largest transportation system in the world. "Credit unions finance many taxi medallions [certificates to operate], which have an average value of $750,000," he said.
There are 98 credit unions in New York City, serving more than one million members, and 412 credit unions in New York State, serving five million people, Mellin said.
The opening session also featured keynoter Lt. Col. Robert Darling, a key adviser to the George W. Bush Administration during the Sept. 11, 2001 terrorist attacks on the U.S. Today, Cheney will bring credit unions up to date on the Don't Tax My Credit Union campaign and other critical credit union issues, as well as discuss the movement to Unite for Good, with goals of removing barriers, creating awareness, and fostering service to support the vision, "Americans choose credit unions as their best financial partner."
Today's keynote speaker, Malcolm Gladwell, author of four New York Times bestsellers and New Yorker staffer, will discuss his new book, "David vs. Goliath." The author has compared credit unions to David and banks to Goliath.
Be sure to visit News Now and Credit Union Magazine frequently this week to keep up with all the ACUC action in New York City. You can also follow ACUC on Twitter using the links below:
A U.S. District judge Monday dismissed three lawsuits--including one by the National Credit Union Administration--brought against U.S. Bank National Association and Bank of America, National Association regarding their duties as trustees of residential mortgage-backed securities.