The Point: April 1, 2013

Registration open for Collections & Bankruptcy Conference

Credit union professionals can now register for the Credit Union Association of New York's 2013 Collections & Bankruptcy Conference. The event will be held May 14-15 at Association headquarters in Albany, and details are available online.

The conference will feature interactive, timely content delivered by David Reed, partner in the law firm of Reed and Jolly, PLLC and founder of CU Doctor; and Rudolph Meola, a New York attorney with 20 years of experience representing credit unions in collections and bankruptcy.

Credit unionists can attend one or both days of the conference. On May 14, Reed will cover the components of an effective collections program, teaching attendees to maximize their collections efficiency and member service efforts. On May 15, both Reed and Meola will focus on advanced bankruptcy recovery and loss reduction concepts.

Registrations are due April 30. For online registration, suggested lodging and other resources, visit the Association website.

Central NY young pros meet up for networking, Association presentation

Twenty-two young credit union professionals gathered March 27 for networking, dialogue and a presentation from Credit Union Association of New York Management/HR Consultant Chris Pajak. The meet-up was hosted by the Association's Young Professionals Commission (YPC) at Lock 24 Restaurant in Baldwinsville.

After social networking and a welcome from YPC member Aimee Johnson (Oswego County FCU), Pajak offered the group an inside look at the Association, its Affiliates, the New York Credit Union Foundation (NYCUF) and CUNA. He also highlighted various opportunities for young professionals to participate in the credit union movement-including the upcoming State Governmental Affairs Conference (GAC). Notably, this year's event features a separate agenda exclusively for young professionals.

"I found the discussion to be very informative, and it motivated me to become more involved within the credit union movement," said attendee Rachel Siderine (AmeriCU Credit Union). "The information on the legislative action that is being taken right now was especially helpful and exciting."

First-time attendee Marcus Lober (Empower FCU) agreed, saying, "It was nice to learn about State GAC and the different organizations within the Association."

The group also participated in a 50/50 raffle to benefit NYCUF.

"This meet-up was a great success, as participants were able to become more informed about the Association and its role in New York," said Johnson. "Meet-ups always provide a great opportunity to get involved, learn more about credit unions and network with like-minded peers."

Six credit unions and two chapters were represented at the meet-up. To learn more about the YPC and upcoming events, visit the YP Network website.

Obama's Rebuilding Task Force seeking CU feedback on hurricane recovery

President Obama's Hurricane Sandy Rebuilding Task Force is seeking information on the role of credit unions in post-hurricane recovery. To provide this information, the National Federation of Community Development Credit Unions is conducting an online survey through tomorrow, April 2.

Credit unionists are encouraged to complete the eight-question survey, which will enable the Federation to effectively convey credit unions' post-hurricane needs, challenges and recovery efforts.

Additional feedback may also be e-mailed to Jason Chang, Federation program associate, at  

The Federation will share the survey results with the Task Force April 4.

CU Student Choice to host free, informational webinar Friday

Credit unionists can learn more about private student lending during a free webinar hosted by CU Student Choice this Friday, April 5. The webinar will be held from 10:30-11:30 a.m., and online registration is available.

Webinar speaker Jim Holt, VP of sales operations for CU Student Choice, will discuss the following benefits of private student lending:

  • growing and diversifying lending portfolios;
  • building life-long relationships with Gen Y members; and
  • mitigating loan risk while profitably serving member needs at a time of urgent need for parents and students.

More than 215 credit unions have partnered with CU Student Choice, including 21 New York credit unions. In 2010, the Credit Union Association of New York entered into a strategic partnership with the CUSO. To learn more, visit the Association website.

Helpful Links

CUNA News Now

CUNA Regulatory Advocacy Report (CUNA member log-in/registration required.)

CUNA Legislative Update (CUNA member log-in/registration required.)