No hiccups, no missteps, no lags. CUNA is powering full-steam ahead, proclaimed Bill Hampel, CUNA's interim president/CEO, during Tuesday’s General Session.
"CUNA is strong and in good shape," said Hampel, who took the reins of the organization in June when former President/CEO Bill Cheney stepped down to take over as CEO of SchoolsFirst FCU, Santa Ana, Calif. "Thanks to tireless efforts on your behalf, (we) intend the organization to be as strong as ever when a new CEO begins."
At the outset of Hampel's address, the interim CEO recognized and thanked Cheney for what he achieved as CUNA's leader during the past four years.
Cheney's greatest legacy, Hampel said, was creating a vision for the credit union movement--which he chalked out with the help of leagues and member credit unions throughout the country--that, one day, Americans will choose credit unions as their best financial partner.
And that's a vision Hampel vowed CUNA will maintain.
Meanwhile, with the credit union industry expected to earn its 100 millionth member later this year, Hampel described ways CUNA will capitalize on this opportunity to spark even more awareness of credit unions.
The plan includes the recent launch of a new website, www.americascreditunions.org, the distribution of materials to leagues and credit unions to pass out themselves, and events scheduled throughout the summer that will allow credit unions to highlight this significant achievement.
"100 million is a really big number, and reaching that 100 million memberships is a really big deal," Hampel said. "So we're going to make a really big splash about it."
Hampel also detailed the regulatory issues, such as NCUA’s risk-based capital proposal, that CUNA--and the credit union industry as a whole-- have been grappling with of late.
CUNA President/CEO Jim Nussle said Thursday that the field-of-membership rule changes proposed by the National Credit Union Administration at its open board meeting will provide greater choice for consumers, as well as flexibility for credit unions to better serve their communities.
Human trafficking, money laundering, trade-based money laundering and terrorist financing all come with their own sets of red flags for financial institutions. In addition, entities such as money services businesses and cash-intensive businesses can be legitimate, but also have potential to be used for illicit activities.