N.J. league leverages annual convention to reiterate importance of advocacy

October 9, 2015

ATLANTIC CITY, N.J. (10/9/15)--The New Jersey Credit Union League held its annual convention last week in Atlantic City, and the pervading theme may have been celebrating advocacy efforts of the prior year, while emphasizing the need for an even greater effort this year.

Both Greg Michlig, league president/CEO, and Linda McFadden, league board chair and president/CEO, XCEL FCU, Bloomfield, N.J., spoke about the importance of the league’s advocacy efforts (The Daily Exchange Oct. 7).

“Our advocacy in New Jersey hasn’t gone unnoticed,” McFadden said in regards to, among other efforts, the myriad comment letters league members sent lawmakers on issues critical to the credit union movement last year.

Michlig noted how it was encouraging to see members become more engaged by interacting at a more frequent level with the league through its consumer awareness campaign “Banking You Can Trust,” the shared compliance program, and various education programs.

Attendees also were treated to speakers and sessions during the weeklong event. Highlights included:

  • A presentation by Michael Downey, CUNA Mutual Group executive benefits specialist, on how to “Defray Increasing Executive Benefits Costs with Pre-Funding.” Downey also discussed corporate-owned life insurance and its safety and soundness.
  • Information security expert Steve Stasiukonis’ presentation, “Digital Foot Printing: Examining Social Networking Relationships and Behaviors for Business.”
  • A discussion with Eric North, credit union attorney, on topics in the legal and compliance world for the upcoming year. Among other subjects, North touched on bankruptcy and the Telephone Consumer Protection Act.