Expanded Investment Powers & the Charitable Donation Account
Friday | 9:15am - 10:45am
Tom E. Walker, president/CEO, MEMBERS Trust Company Del Lago 3-4, Lower Level
This session will review the terms and features of NCUA’s Charitable Donation Account which expands investment powers of a credit union to fund charitable contributions. Suggested policies and due diligence to comply with the new regulation will be summarized. Also, public policy considerations embraced by the NCUA to expand investment powers will be presented.
About the Speaker Tom has been president/CEO of MEMBERS Trust Company since its inception in 1987 as a state-chartered trust company by Suncoast Credit Union. He leads a professional trust service team comprised of experienced and credentialed officers, including like Tom, former practicing attorneys. Tom has been instrumental in implementing a hybrid business strategy of service and profit, which has seen assets under management increase from $60 million to over $1.6 billion. MEMBERS Trust Company, owned by America’s credit unions, operates as a special purpose federal savings bank, regulated by the Office of Comptroller of the Currency.