March 6, 2014 – NAFCU
Director of Regulatory Affairs Michael Coleman on Wednesday provided an
overview of regulations and their impact on credit unions to attendees during
NAFCU’s 2014 Strategic Growth Conference
in Venice Beach, Calif.
Coleman spoke about regulations effecting
credit union growth, such as CFPB’s
qualified mortgage rule and NCUA’s final derivatives rule. He also discussed findings
in a recent NAFCU poll that identified regulatory burden, loan growth and
income as the three top challenges credit unions face in 2014.
Wednesday's program also included a A half-day workshop led by Jeff Chesky,
president and CEO of Insuritas, focused on reengineering the credit union’s web
portal into an ecommerce site to increase income opportunities. Also speaking were Alex Yoder of Start Up Advisor,
Raj Karkara of Overstock.com, and Maria Ferrante - Schepis of Maddock Douglas.
Matt McCombs, president and COO of DHCU
Community CU, presented a case study of branch sales metrics to help a credit
union improve its branch performance.
- Steve Richman, national spokesperson, marketing
manager and consultant of Genworth Mortgage, talked about ways credit unions
can gain a better understanding of what Emotional Quotient (EQ) they need to
better serve their members.
- Chris Brown, president and CEO of RateGenius Inc., also
provided a discussion on the tremendous growth opportunity that auto loan
refinancing offers credit unions.
During today’s conference, Sundeep Kapur, digital
strategist, author and speaker of Allied Solutions, will present a half-day
workshop on building mutually profitable relationships with credit union
members by adopting smarter commerce solutions.
Today is the final day of the conference.