State, Federal Regulators to Share Insights on Hot-Button Issues at Leadership Symposium

What’s the next step in the National Credit Union Administration’s implementation of a Risk-Based Capital rule? Where do state regulators stand on the banking of legal marijuana businesses in Washington?  And what are the secrets to success that small credit unions across the country are using to thrive?

Those are among the topics that Northwest credit union CEOs will discuss with regulators and industry leaders next week, when the Northwest Credit Union Association and the CUES Northwest Council host the 2014 Leadership Symposium and Small Credit Union Roundtable.

The events, scheduled for April 17-18 at the Nines hotel in Portland, are open to all member CEOs and their senior leadership teams. Both events are free, and registration is still open online.

“We are committed to sharing resources and providing the kind of insight that helps credit unions navigate the complex regulatory landscape,” says Troy Stang, the NWCUA’s president and CEO. “By collaborating with regulators at events like the Leadership Symposium, we believe we can remove barriers that might otherwise hinder credit unions’ ability to deliver value to their members.”

The NWCUA’s goal, Stang says, is to help credit unions avoid unnecessary and overly complex regulations and overzealous exam practices that could have unintended consequences, and the key to making that happen is an open dialogue with regulators. To that end, the Leadership Symposium will gather officials from both state and federal agencies on Thursday, April 17, to talk about a host of controversial topics:

  • Buddy Gill, the NCUA’s strategic communications and external relations adviser, and Region V Associate Director Mike Dyer will talk about the agency’s Risk-Based Capital proposal, survey the latest industry trends, provide an overview of hot exam topics and preview possible future regulations;
  • Scott Jarvis, director of Washington’s Department of Financial Institutions (DFI), and Linda Jekel, DFI’s director of credit unions, will discuss the state and federal guidance recently given to financial institutions about banking legal marijuana businesses; and
  • Edward C. Schutte, the senior financial examiner for Oregon’s Department of Consumer and Business Services, will survey the regulatory landscape for Oregon credit unions.

In addition, Mark Thomson, vice president of compliance at BECU, will talk about his credit union’s regulatory relationship with the Consumer Financial Protection Bureau (CFPB) and share insights that all credit unions may find valuable as the CFPB’s influence ripples across the regulatory landscape.

“This year’s Leadership Symposium provides a great opportunity to learn about the changing regulatory landscape,” says John Trull, the NWCUA’s director of regulatory advocacy. “It’s also a unique chance for credit unions to share their concerns about the NCUA’s proposed Risk-Based Capital rule and other issues directly with regulators.”

CEOs of credit unions with assets of less than $100 million — and members of their senior leadership teams — are invited to also attend the Small Credit Union Roundtable, which will follow the Leadership Symposium on Friday, April 18.

Bob Hoel will share high-level research from the Filene Research Institute on “Secrets of Thriving Small Credit Unions” at the event, which will also include case studies from:

  • Suzy Fonseca, CEO of Lower Valley Credit Union, who will talk about the lending strategies that helped the credit union win an award at the CUNA Governmental Affairs Conference for “Service to the Underserved”; and
  • Vicki Spoor, who will talk about CUNA Mutual Group’s “Ask Auto” product and show how a small credit union achieved lending success with it.

I’m always rewarded when I gather with other leaders in the industry,” says David Spaulding, president and CEO of Red Canoe Credit Union, who is also chair of CUES’ Northwest Council. “There is so much value to be found in the simple conversations before, during and after meetings like the Leadership Symposium. That’s why I’m looking forward to next week’s events.”

Questions about this story? Contact Gary M. Stein: 503.350.2216,

Posted in Advocacy News, Events, Federal, NWCUA.