SAN FRANCISCO (7/2/14)--No hiccups, no missteps, no lags. The Credit Union National Association is powering full-steam
|"CUNA is strong and in good shape," says CUNA interim President/CEO Bill Hampel at the ACUC. Hampel, who took the reins of the organization in June, tells ACUC goers, "Thanks to tireless efforts on your behalf, (we) intend the organization to be as strong as ever when a new CEO begins." (CUNA Photo)|
ahead, proclaimed Bill Hampel, CUNA's interim president/CEO, as he addressed a packed house gathered for the second general session of CUNA's 2014 America's Credit Union Conference.
Hampel led off the session detailing the association's recent accomplishments, outlining the regulatory issues CUNA has and continues to tackle, and lauding the leagues and member credit unions for their dedicated work.
"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., which has $10.3 billion in assets. "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 over 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 the various 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 that CUNA, and the credit union industry as a whole, has been grappling with of late.
Of course, the National Credit Union Administration's risk-based capital proposal, which attendees learned about in great detail at another general session Tuesday, topped the list. (See related story: Changes are in the works for RBC proposal, Fazio says at ACUC.)
"Working with leagues and credit unions, we all generated a record number of comments on a regulatory proposal: over 2,000," Hampel said. "More than 350 members of Congress have either signed onto a joint letter to NCUA or written their own, expressing their concerns about the proposal."
At the moment, the NCUA is hosting a series of Listening Sessions that will give credit unions, among others, the opportunity to voice their comments and concerns about the proposal, Hampel relayed.
Finally, Hampel teased next year's America's Credit Union Conference, which will take place in Denver, which sits only miles away from where CUNA was founded in Estes Park.
He encouraged those who might attend to take the short drive, if they have the chance, next year to see the beautiful place.
"Our vision for the future brings us together with shared goals that would make the pioneers who met in Estes Park (80 years ago) really proud of what we have done, following on their initial work," Hampel said.