|Congressional Candidate Meets with Credit Unions (Issue 1 of 4)
During the August board meetings Drew Ferguson, candidate for the open Congressional seat in the 3rd District, spoke at the joint meeting of the CSI, GCUA, GCUL and GCUS boards of directors. Ferguson was invited to join these meetings to provide him the opportunity to learn more about the industry and build relationships, as well as give credit unions direct access to the candidate and gain insight into his campaign. Credit unions supported Ferguson in both the primary and the primary runoff with political donations through CULAC, donations that were timely in running his successful campaign in those two elections.
|Pushing NCUA to Modernize
Call Reports (Issue 2 of 4)
In the overwhelming world of regulatory burden, relief can come from a variety of sources – one of which is the call report that all credit unions complete. Revising call reports and the Credit Union Profile can both enhance the NCUA’s supervisory ability and reduce regulatory burden on credit unions, CUNA wrote to the agency on August 12th. As part of its examination and supervision modernization efforts, NCUA requested input on the necessity and accuracy of the information collected, as well as ways to enhance the quality, utility and clarity of the collected information.
This most recent letter follows CUNA’s letter sent earlier this month suggesting short- and long-term exam improvements, which was the result of extensive outreach to its members to assist the NCUA in its reform efforts. CUNA’s call report requirements survey uncovered several concerns with the 5300 Call Report and the 4501A Profile Report. Those include:
CUNA suggests the following guiding principles for the NCUA to use when revising the call report and profile:
|Idea Institute Provides Strategies and Unique Concepts for Credit Unions (Issue 3 of 4)
This week credit union leaders gathered at the 11th Idea Institute in Amelia Island. The Idea Institute is an intimate conference that puts credit unions in contact with industry practitioners – often those undertaking strategies outside the box – to provoke thinking, ideas and new ways of tackling the world of consumer and commercial finance. Sharing insight with the attendees were:
The above speakers provided interesting context on their different areas of expertise, but unique about this conference is the personal interaction during the presentations by the credit unions themselves. Thought generation and idea sharing comes from the dialogue with credit unions in attendance, and from sharing about best practices and efforts of those around the state (or how implementation of ideas has worked in their respective shops). Don’t miss this in 2017; stay tuned for details for next year’s event.
|Credit Unions in the News (Issue 4 of 4)
Credit unions continue to earn media coverage statewide and beyond. Whether it’s in a local newspaper, niche magazine or radio show, the credit union message is shared through a multitude of outlets across Georgia. Click here to see recent coverage of Georgia’s credit unions "In the News."