Compliance Blog

Aug 11, 2008

Exchange Business Cards

A bunch of my colleagues were in New York City over the weekend for the annual American Bar Association meetings.  The meetings have a credit union section where a bunch of credit union attorneys get together and talk shop.   Most of the topics of discussion come from the attendees themselves.  I always leave the meetings much better off for having attended.

I also belong to a Washington-area compliance officer's roundtable.  It meets quarterly, and again, we all get together and talk about common areas of confusion, frustration, frustration, and confusion.

I highly recommend that you look for such a group near your credit union.  And if there isn't a roundtable, why not start an informal one?  Call all the credit unions nearby, and once a quarter, invite everyone over for a brown bag lunch to talk about compliance issues.  It will be well worth the effort.  Here's why:

  1. We all face common problems, but there are many ways to solve them.  Having fresh eyes and ears to look and listen can make all the difference. 
  2. Misery loves company.  Now, I say that tongue-in-cheek.  But our jobs are not simple.  Sometimes it is nice to know that you're not the only one that gets a cold shiver down the spine when faced with a UCC issue.
  3. Problem spotting.  When many people bring their own topics of discussion, you're bound to learn something new and be prepared for a problem that has yet to visit your credit union.  Roundtables are a great way to see what is coming around the corner.
  4. Sometimes, someone may actually cater the event. And there's nothing better than a free lunch.