Two weeks ago the LSCU, LEVERAGE, and the Southeastern Credit Union Foundation (SECUF) boards all held their planning retreats and board meetings in Orlando. The board meetings were condensed so we could focus as much time as possible on planning. It’s hard to believe that this was the fifth planning retreat I’ve participated in for the LSCU & Affiliates.
Beginning this month, the LSCU Governance Committee will begin a comprehensive review of the League’s bylaws. All of the LSCU bylaws will be reviewed. For comparison purposes, management has been collecting the bylaws from peer leagues, as well as leagues that have gone through consolidations. On specific issues, like membership classes or board composition, we may bring in an outside consultant to provide additional expertise. The full board will be kept apprised throughout the process. The goal is not necessarily to have the review completed in time to take any changes to the membership in June at the AC&E, but instead to have a comprehensive review that modernizes our current bylaws and allows for future expansion and growth.
The LSCU board planning retreat focused heavily on advocacy and ways to get more of our credit unions, staff, and directors involved. We need more victories; we understand that. However, we need greater grassroots participation in both states to achieve success. In the last few months we’ve had three representatives either leave their position (Rep. Bonner-AL) or announce retirements (Reps. Bachus-AL and Young-FL) at the end of 2014. This means three new U.S. representatives. We need a strong grassroots network to begin building relationships with candidates, as well as existing lawmakers.
On the LEVERAGE side, we’re expanding our footprint and will announce new growth through acquisitions in the coming months. We had John Lass, senior vice president of strategy and business development for CUNA Mutual Group, facilitate the LEVERAGE retreat. He showed us how our service corporation stacks up against other LSCs around the country. But, he also challenged us to see where we wanted LEVERAGE’s value proposition. Should our focus be: product innovation, operational efficiency, or member centric? We can only master one but need to compete and play in all three.
Finally, the SECUF brought in three speakers, Lois Kitch from the National Credit Union Foundation (NCUF), Courtney Moran, the executive director of the Cornerstone Credit Union League Foundation, and Eric Barrett, a foundation consultant who’s worked with the SECUF during consolidation. Each gave food for thought on where we want our foundation to be in the next few years. Lois painted the picture how the NCUF and the SECUF work together. The Cornerstone Foundation is one of the best among state leagues. Courtney presented excellent ideas on how to grow the foundation. Our team will take this information, along with board feedback, and present a good strategic vision for 2014 and beyond.
The retreat is always greatly beneficial. I appreciate that all three boards give of their time to serve and to set the strategic vision of the LSCU & Affiliates. They are engaged and bring your concerns up during the meetings. We have a strong League, service corporation, and foundation that is only getting stronger every year.
Where’s Patrick: After several weeks on the road, I will spend this week in Tallahassee playing catch up. We have a League InfoSight board meeting on Wednesday, our LEVERAGE monthly meeting on Thursday, and ComplySight Task Force meeting on Friday. To see my schedule for the next two weeks, click here.