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CUNA's Cheney meets with credit unions in Alabama and Florida

The LSCU is holding seven Town Hall meetings in December and January featuring CUNA CEO Bill Cheney. The meetings give credit unions a chance to meet CUNA's new CEO, hear his vision for the future and spend time with the LSCU's Patrick La Pine, who will talk about the new League.

This week, Town Hall meetings were held in Alabama in Huntsville and Birmingham and Florida in Tampa and Orlando. Cheney talked about transitioning CUNA from former CEO Dan Mica. Cheney says his goal was to make the transition, which took place in July, as seamless as possible given the issues the industry is dealing with right now. The CUNA Government Affairs team had a good election for the industry by supporting 310 winning candidates of 358 House races and 27 of 31 Senate races. Cheney said that the Washington Post named CUNA the most bi-partisan organization in Washington. He has strong ties to many lawmakers, but he explained that former CUNA CEO Dan MIca has been helping to introduce him to more key lawmakers. A recent meeting with new House Speaker John Boehner (R-OH) went very well.

The Senate Banking Committee will hold a hearing next week on the state of credit unions. Cheney says that NCUA Chairman Debbie Matz will be the only speaker and that CUNA is working with the regulator on messaging. He hopes she will point out that the industry, as a whole, is well capitalized at 10 percent.

Credit unions discussed the more aggressive supervision by the NCUA and the corresponding increase in Documents of Resolution and Letters of Understanding and Agreement. CUNA has established a Supervisory Issues Working Group. Cheney say they are creating an Examination Bill of Rights for Credit Unions so that credit unions can understand their rights and responsibilities, the rights and responsibilities of the examiner and know the appropriate procedures if there is a dispute.

Cheney's vision for CUNA is one that is more steeped in a broad sense. He says that credit unions need to change the conversation in Washington about credit unions. He says when you ask lawmakers if they think a cooperative financial institution should exist, they all say yes. With a broader view of the future, Cheney says credit unions can see the incremental steps that CUNA is taking and how it is working.

Cheney will speak to credit unions in the Pensacola, Tallahassee and South Florida areas January 13-14, 2011. To learn more about those meetings, visit the LSCU Educational Calendar and sign up.

Cheney speaking at Redstone FCU
in Huntsville Dec. 1

Orlando FCU CEO John Neusaenger asks Cheney a question in Orlando

Credit unions listen as CUNA CEO Bill Cheney speaks in Tampa