May 08, 2014

6 small CUs: Merge, or collaborate?

NAFCU 2013 Annual Conference 14
Credit union staff and volunteers at NAFCU's Annual Conference, July 22-26 in Las Vegas, will learn about how to strengthen their bottom lines and serve members in new ways.

May 9, 2014 – The CEOs of six credit unions that pulled together to avert closure will talk about their experience, and the results, during a case-study presentation slated for participants of NAFCU's Annual Conference this July in Las Vegas.

In "Case Study: Lessons from 6 Small Credit Union CEOs," participants will learn how the group rejected merger and instead worked together to centralize back-office functions, contract with a vendor management system and streamline their compliance department to improve their bottom lines. Now, they are in negotiation with a new core processor. Department of Labor FCU CEO Joan Moran and Peter Barnard, founder of 320 Market LLC, are the session presenters.

This year's Annual Conference and Solutions Expo is NAFCU's credit union event of the year, with general sessions, educational breakout sessions and an exhibit hall bursting with information and business contacts credit unions need to strengthen their operations and grow revenue.

This year's educational sessions cover six interest tracks:

  • Business Technology and Innovation
  • Credit Union Trends
  • Growing Revenue
  • Improving Your Bottom Line (the above-noted session fits here)
  • Regulation and Advocacy
  • Risk Management

In other case-study presentations, FedChoice FCU's chief lending officer, Bill Keilholtz, will discuss how to launch and maintain a successful member business lending program, and Sun Community FCU CEO Dale Johnson will talk about what it took to bring his credit union back into solvency, and then some.

NAFCU's Annual Conference and Solutions Expo runs July 22-26 at The Venetian. Early registration savings continue through May 23.