Thursday, March 24, 2011 2:15:00 PM
ATLANTIC CITY, N.J. - Credit Union Reality Check 2011 wrapped up yesterday in Atlantic City. Approximately 200 attendees from 5 states participated in this year's edition of Reality Check. The hallmarks of Reality Check are interaction, utilizing keypad voting devices, and digging into the tough issues facing credit unions. Topics addressed during this year's event included:
* The Economy and the Effect on CU Operations
* Alternative Capital from a CEO Perspective
* The Growing Importance of Non-Interest Income
* Social Engineering: The Truth Behind Social Media
* When Does it Make Sense to Merge?
* The Future of the Corporate Credit Union Network
* Working With the Media
* Improving Member Participation Using the Desjardins Model
* CU Volunteerism: Can It Survive in the New Regulatory Environment?
Jay Bowman of ACCUME Partners (left) speaking at yesterday's final session of Reality Check. Also speaking on the panel were Gary Chizmadia, board member for Credit Union of New Jersey (center), and Frances (Pam) Elliott, Chairman of Lakehurst Naval FCU (right).
Yesterday's final session ended with a lively discussion about issues facing credit union volunteers. With NCUA's new regulation on financial education requirements for directors and scenarios where indemnification is impacted, today's volunteers have a major burden to carry. A panel of credit union volunteers, including Frances (Pam) Elliott from Lakehurst Naval FCU, Bob Janish from Atlantic FCU and Gary Chizmadia from Credit Union of New Jersey fielded questions from moderator Paul Gentile and the attendees. A few areas of hot discussion centered around term and age limits for board members as well as whether or not directors should be paid. An interactive poll indicated nearly 80% of attendees were not in favor of directors being paid. On the subject of term limits, the audience was split almost 50/50 on usage of term limits.
Please see this week's Weekly Exchange for full coverage of Reality Check 2011.