|June 16, 2014|
|Senate expected to vote on McWatters nomination this week|
After a longer than expected nomination process, the U.S. Senate will
vote on the nomination of J. Mark McWatters to the NCUA Board of
Directors this week.
McWatters would succeed Republican Michael Fryzel, whose six-year term on the NCUA Board expired last August.
Senate leaders reached an agreement Thursday evening to vote on McWatters along with three other presidential nominees.
Pres. Obama announced his intent to nominate McWatters to the board in December 2013. The Senate Banking Committee voted April 29 to advance McWatters' nomination, after postponing its first vote due to inclement weather.
In a letter Thursday, CUNA urged Senate Majority Leader Harry Reid
(D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) to schedule a vote
soon, noting that further delays in the nomination could have an effect on the proposed risk-based capital rule vote.
"CUNA has not historically taken positions on presidential
nominations, and we are not expressing a view on the merits of this
nomination," wrote CUNA president and CEO Bill Hampel. "Nevertheless, we
believe it is critical that the Senate take action on the nomination
because NCUA is beginning the process of finalizing a rule that will
have substantial impact on credit unions and their ability to serve
their members... Our concern is that if the Senate does not act on his
nomination soon, he may not have sufficient time on the board to be
properly informed and engaged prior to a vote on the final rule."
Later in the day, Dan Yoken, senior rapid response advisor to the
Democratic Policy and Communications Center in the Senate told Credit
Union Journal in an e-mail that an "agreement was reached on the
McWatters nomination in today's session. No timing was announced."
An NCUA spokesman said the agency expects the vote will occur sometime next week.
McWatters would join Chairman Debbie Matz and Richard Metsger, who are both Democrats, on the three-seat board.
The three other presidential nominees Senate leaders agreed to
consider next week are: Gustavo Velasquez Aguilar, to be an assistant
Secretary of Housing and Urban Development; Brian A. Nichols, to be
Ambassador of Peru; and Christine E. Wormuth, to be Under Secretary of
I enjoyed seeing many of you last week at the Southeast Credit Union Conference and Expo (SCUCE). We had over 1,100 attendees, an all-time high for the LSCU & Affiliates. Our Governmental Affairs Luncheon, to benefit the Federal PAC, was sold out with 109 attendees, our charity golf outing, to benefit the Southeast Credit Union Foundation had 110 golfers, about 30 more than last year, and the exhibit hall was sold out with 136 vendor booths with 49 being new. We had a great conference with very good discussions about the seven cooperative principles. I think we all left Orlando with a lot to think about how we can work together more cooperatively even in this competitive business environment.
The speakers for SCUCE were outstanding. Our best group of session speakers yet. National Credit Union Foundation (NCUF) Executive Director Gigi Hyland and I went over the seven cooperative principles and how credit unions can use them every day. Filene Research Institute CEO Mark Meyer asked credit unions to believe in the principles. Former Florida State Head Football Coach Bobby Bowden was a huge hit with his stories and asking us all to lead from the heart. We also heard about the innovation coming from CUNA Mutual Group as CEO Bob Trunzo talked about the ways they are helping credit unions succeed.
Most of our education breakout sessions were full, which is great to see. I heard one attendee say the lending session by Patrick Adams was worth the price of admission. That’s what we want to hear; the value that credit unions get from our speakers, education sessions, as well as the networking opportunities. We also made sure many of the education sessions delved into the cooperative principles and gave tangible ways to implement them at the credit union. That’s what I hope more credit unions will see as the takeaway from last week. How can we get back to the cooperative spirit that has gotten our industry to where we are today? How can I educate my staff on the cooperative principles? These are our founding principles and I can tell that many credit unions were getting re-energized last week.
This year the LSCU Annual Business meeting was moved to a separate session on Thursday afternoon. After the meeting a new LSCU Board Executive Committee was elected. Alabama Credit Union CEO Steve Swofford assumed the LSCU & Affiliates Chairman position. Alvin Cowans, CEO of McCoy FCU in Orlando, is the chair-elect. Tina Williams, CEO at Mobile Educators CU, remains vice chair. Pat Mason, CEO at SUN CU in Hollywood, is now the treasurer, and Bob Steensma, CEO of Five Star CU in Dothan, is now the secretary. I want to say thank you to Mary Ott Wood, CEO at Florida West Coast CU, for her dedication as chairman the past two years. She will continue to serve on both the board and executive committee as immediate past-chair.
I hope you will make plans to attend the SCUCE next year. The dates are one week later, June 18-20, 2015. I also hope more credit unions will consider bringing more members of their management team. The Southeast Credit Union Conference and Expo is quickly becoming one of the largest and premier national credit union conferences.
Where’s Patrick: I’ll spend this week working in the Tallahassee office. There is a CUNA conference call on risk-based capital on Monday. We have our LEVERAGE monthly meeting on Wednesday. On Thursday I have a CU4Kids Advisory board meeting and a CU House board meeting. On Friday I'm meeting with Envision CU CEO Darryl Worrell. To see my tentative schedule for the next two weeks, click here.
|Bobby Bowden, awards highlight final day at SCUCE|
The Southeast Credit Union Conference and Expo carried the theme "Living the Seven Cooperative Principles the Credit Union Way." Over three days, all seven principles were in action and the 1,100 attendees walked away with tangible ideas on ways to implement the principles. The education sessions, the speakers, and the silent auction were great examples of the cooperative spirit.
Former Florida State Coach Bobby Bowden provided the keynote address. He talked about heart and how your life pours out of your heart. He asked attendees to keep it pure and to treat everyone with kindness. He said great leaders had compassion and let their staff do their jobs. Filene Research Institute CEO Mark Meyer gave a different idea on the seven cooperative principles. He pointed out how working together helps everyone. He said 70 percent of consumers are fed up with their financial institution but only six percent are changing to a credit union. He really stressed the seventh principle, cooperation among cooperatives.
The LSCU awards were handed out Friday night during the dinner, silent auction, and entertainment. The award winners are:
- Volunteer of the Year - Lynne April, Alabama CU
- Young Professional - Stephen Taylor, FSU CU
- Professional of the Year - Art Wood, Railroad and Industrial CU
- Distinguished Service Award - Larry Scott, Campus USA CU
- Credit Union of the Year:
- under $100 m - Baptist Health South Florida FCU
- between $100 - $500m - First Commerce CU
- over $500m in assets - CFE FCU
The evening ended with Martini Pop providing entertainment and the silent auction. More than 140 items were auctioned off and raised about $20,000 for the LSCU FedPAC and the Children's Miracle Network. Attendees are asked to fill out evaluation forms. You can find all of them online. Check out photos from the conference on the League's Facebook page.
|ICU Day: 2014 theme & poster art announced|
poster for ICU Day depicts how a single credit union is a part of a
global, cooperative network. The design sports a Google drop pin—made to look like a
with "good" in different languages. The pin hits on a road
map whose street names feature the nine international credit union operating
principles. This artwork will carry through on ICU Day products offered for
this year's celebration.
For a closer
look at the poster design, click here.
tuned—more marketing tools,
as well as a full array of celebration materials, will be available in early
|LSCU & Affiliates Media|
has a contract management solution that is web based and easy for your
credit union to stay on top of all of the credit union's various
Southeastern Credit Union Foundation
The Southeastern Credit Union Foundation works hard for Alabama and Florida credit unions. The foundation offers five pillars: financial education, professional development, disaster relief, fundraising, and the credit union philosophy. This video gives a better explanation to what the foundation offers credit unions.
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