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Development Conference features Cheney, Vale and Yolles; education sessions

The LSCU Development Conference, held in Point Clear, AL Nov. 2-4, provided attendees speakers and breakout education sessions that would rival many other leagues annual meetings. The General Opening session featured LSCU President/CEO Patrick La Pine, NCUA Region III Director Herb Yolles and Children's Miracle Network Chief Concept Officer Craig Sorensen. La Pine gave a League update and also asked credit union executives and directors to take part in an Action Alert asking House Financial Services Committee Chairman Spencer Bachus to co-sponsor HR 1418. NCUA Region III Director Herb Yolles talked about the shift in Camel Codes, gave a second quarter call report data update and provided information he's asking his examiners to look at in the field. He said he's trying to tighten up the NCUA examination process. Sorensen said that if every credit union member gave the Children's Miracle Network just one dollar, credit unions would be the largest fundraiser for CMN. Sorensen also told a tearful story about his daughter and her experience at a Children's Hospital.

The General Closing session featured CUNA President/CEO Bill Cheney. He gave attendees a snapshot of the national credit union movement and specific things CUNA has been doing for credit unions. Cheney said that banks are arguing that credit unions were not made to make member business loans (MBL) except that for 103 years, that's exactly what credit unions have always done. Plus, credit union MBLs have consistently outperformed banks. Cheney also laid out the steps being taken by CUNA to come up with a long-term strategic plan. CUNA will work with state leagues, credit unions and system partners to create a vision everyone would get behind.

At the LSCU Governmental Affairs luncheon, Assistant Director of the Consumer Financial Protection Bureau Elizabeth Vale gave an overview of her company, while also providing her email, elizabeth.vale@cfpb.gov, asking credit unions to email her any questions or comments they had. Vale said she has been asking President Obama to join the White House credit union. She also said her relationship with CUNA is strong and its growing with the NCUA.

The education sessions featured former NCUA Director of Public and Congressional Affairs John McKechnie held a session on the Importance of Advocacy and George Hofheimer of the Filene Research Institute talked to credit unions about Leveraging "The Difference," meaning the credit union difference. Patrick Adams, president of St. Louis Community Credit Union, held two sessions that were nearly standing room only. Adams looked at Strategic Issues Related to Growth and Energizing Lending. Small Asset Sized Credit Unions spent 75 minutes in the SAS Roundtable and LSCU, VP of Regulatory Affairs Bill Berg talked to credit unions about What to Expect from the Economy and Your Next Exam.

Credit unions were provided five hours of exhibit hall time. Thursday included jazz music and a scavenger hunt. The conference kicked off with a golf tournament to benefit the Children's Miracle Network. More than $6,000 was raised.

John McKechnie talks advocacy to directors.

Patrick Adams talks growth with credit unions.

George Hofheimer teaches credit unions to leverage the difference.

The Consumer Financial Protection Bureau's Elizabeth Vale speaks to credit unions during the Governmental Affairs Luncheon.

NCUA Region III Director Herb Yolles discusses regulatory issues with attendees.

LSCU President/CEO Patrick La Pine provides a welcome and opening remarks.

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