CUNA Kicks Off Corporate CU Summit This Week

Posted by Marissa Anema Monday, November 08, 2010 2:25:33 PM

WASHINGTON - CUNA will bring together several credit union stakeholders in an effort to develop a system-wide plan for the future of the corporate system at its corporate credit union summit to be held on Saturday, November 13 in Chicago.

The summit will be strictly about dialogue, and will not attempt to "force outcomes," CUNA Vice President of Communications Pat Keefe said. The summit will attempt to address the future role of corporate credit unions in providing key payments, settlement, liquidity, and investment advisory services to natural person credit unions.

Natural person and corporate credit union representatives, state league leaders, and other related groups will be among the 80 individuals in attendance.

CUNA President/CEO Bill Cheney last month noted that a large number of credit unions and others asked CUNA to lead the meeting and "help the industry chart a path to the future on these issues." However, CUNA is not taking sole ownership of the issue, and plans to work closely with the credit union system to help address questions that have arisen since NCUA approved new corporate credit union and legacy asset rules in September.

"There are no more important issues now than how we, together, address corporate credit union services. This is why CUNA will be hosting the summit and continuing our work to pursue solutions not only for the transition period under the new rule but for the future," Cheney said.


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