The Point: April 2, 2013

Association board, chapter council nominations due April 17

The Credit Union Association of New York is currently accepting nominations for four Association directors and 42 Association chapter council members. Nominations must be submitted to the Association by April 17.

Four Association director terms are expiring this year: one in the asset tier of less than $25 million; two in the asset tier of $25-100 million; and one in the asset tier of more than $100 million. Elected directors will hold office for a three-year term.

Additionally, three council members must be elected for each of the Association's 14 chapter councils. Elected council members will also hold office for a three-year term.

Credit unionists can complete the entire nomination process online by visiting the Association website. A printable nomination formĀ can also be completed and submitted to the Association using the instructions provided on the form.

For more information, visit the Association website or contact Mike Lanotte, SVP of Association services & general counsel, at (800) 342-9835, ext. 8236 or michael.lanotte@cuany.org.


April educational webinars kick off tomorrow

The Credit Union Association of New York is offering a diverse lineup of educational webinars this month, with the first scheduled for tomorrow afternoon. All webinars will be led by nationally recognized instructors and may be accessed live, on demand and/or on CD-ROM. Live webinars will begin at 3 p.m. on the dates indicated below.

For more information about a specific webinar or to register, visit the Association's Events & Education calendar and choose the appropriate date.

The April lineup includes:

  • April 2: Meeting the Requirements for Capital Adequacy & Contingency;
  • April 3: The Key to Cross-Selling & Member Retention;
  • April 8: Escrow Rules Changes for High-Priced Mortgages;
  • April 10: ACH Rules Update 2013;
  • April 16: (Consumer Debt Resolution Series) Maximizing Recoveries on Charged-Off Loans;
  • April 17: UCC Article 9 Default Provisions - What Secured Creditors Need to Know;
  • April 18: Duties of the Board Secretary - Fundamentals, Best Practices & E-Package Delivery;
  • April 23: SBA Lending Update 2013 - Trends, Regulations & A Look at SOP 50 10; and
  • April 24: Opening Personal Accounts - Membership, Ownership & Access.


House schedules April 10 hearing on CU reg burden; CUNA witness to testify

The U.S. House Financial Institutions and Consumer Credit Subcommittee has scheduled an April 10 hearing on credit union regulatory burden and the impact of the Dodd-Frank Act. CUNA is scheduled to testify and has selected Pamela Stephens, president/CEO of Security One FCU in Arlington, Texas, as its witness.

Stephens is a member of CUNA's Governmental Affairs Committee and a former Texas Credit Union League chairman.
"CUNA's legislative team has been in regular contact with the committee staff to present a range of ideas for easing credit unions' regulatory burden," said CUNA President/CEO Bill Cheney in his recent weekly report. "We also intend to use the hearing as an opportunity to reinforce the case for enhancing the credit union charter through capital reform and raising the member business lending cap."

An April 16 hearing on bank regulatory issues is also scheduled. The hearings are expected to be a precursor to a legislative package on regulatory relief, with elements addressing the concerns of credit unions and community banks.


Gibardi named chairman of NJ credit union advisory council

Entertainment Industries FCU President/CEO and Association board member John C. Gibardi has been elected chairman of the New Jersey State Credit Union Advisory Council (CUAC). The CUAC was created by the New Jersey State Legislature in 1984 as a vehicle for credit unions to advise state government on credit union-related issues. Members are nominated by the governor and must be confirmed by the State Senate.

Gibardi, one of five CUAC members, began his five-year term in 2008. Entertainment Industries FCU is based in New York City and has a presence in Elizabeth and Lyndhurst, N.J.

New Jersey Senate President Steven Sweeney (D) recently introduced legislation that would expand the CUAC to seven members and provide for representation of a minimum of two federally chartered credit unions.


Helpful Links

CUNA News Now

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

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