Roundtable Discussion Exceeds Expectations of Volunteers
June 29, 2011
June 30, 2011
Focusing on increased membership, succession planning and regulatory compliance, the roundtable discussions facilitated by the Northwest Credit Union Association (NWCUA) President Troy Stang and Credit Union Development Educator Mark Lynch exceeded the expectations of both board and supervisory committee members.
“Discussing these topics is vital to the future of Northwest credit unions,” said Stang. “The depth of dialogue ranged from the most timely, to the most relevant issues that challenge the responsibilities of volunteers today.”
Following the individual discussions between board and supervisory committee members, the two groups were given the opportunity to collaborate, share and expand on ideas with the entire group.
“Supervisory Committee members enjoyed the opportunity to share ideas, discuss issues and identify the common problems they faced,” said Lynch.
According to among this year’s Volunteers Conference participants the most important issues that were explored include:
- Regulatory burden for volunteers, including financial literacy;
- Board succession, and how to recruit new board members using a new process that is more proactive and involves current board members;
- Legislative issues relating to interchange and member business lending (MBL);
- Compromising tax exemption or structure as related to supplemental capital and capital reform;
- Corporate recapitalization;
- Board evaluation, including peer reviews, identifying needs of the group rather than individuals, peer assessment reflecting board make-up and including the nominating committee in the results;
- NCUA – Voluntary Corp Stabilization Fund.
Despite the challenges associated with these topics, the Northwest credit union industry is in far better health, overall, than its for-profit cousins.
Twenty-two percent of Oregon banks and 30 percent of the banks in Washington are considered problematic or troubled, according to a presentation made to conference participants by NWCUA CEO John Annaloro. A side-by-side comparison shows the percentage of problematic credit unions in Oregon and Washington at just 4 percent and 12 percent, respectively.
“Oregon and Washington credit unions in aggregate are among the most safe and secure financial institutions in the US,” said Annaloro. “Even so, we will continue to improve the state and federal charters and advance public appreciation of credit unions so they can continue their tradition of service in the Northwest.”
The 2012 Volunteers’ Conference will be held at Davenport Hotel & Tower in Spokane, Washington. As always, special hotel rates and airfare prices will be available for all participants.
Questions? Contact Training Programs Coordinator Yuri Jung: 206-340-4817, firstname.lastname@example.org.
Posted in Events.