Berger highlights CU involvement in communities, charities on leadership podcast
On a new episode of the SEE YOU LEAD podcast, NAFCU President and CEO Dan Berger joined host Glynn Frechette to talk fintechs, credit union involvement in communities and charities, supporting servicemembers and more.
Berger spoke passionately about how doing business with credit unions supports community and charity interests: “When you do business with a credit union, they are giving back to their communities. And you see them there.”
“You see the board at the little league fields, you see the banners at the volleyball matches or the swim meets. They’re everywhere and that’s because they care about the communities because they don’t have shareholders or stockholders putting on those financial pressures so they reinvest in their communities,” continued Berger. “Doing business with a credit union is a brilliant move because they are everywhere and they are taking care of their members, and they are taking care of their communities and they are taking care of Main Street.”
Berger wrapped up the conversation by highlighting NAFCU’s work and support of veteran groups, including partnering with the Defense Credit Union Council to advocate on top priorities, to partnering with organizations like Folds of Honor, Wreaths Across America at Arlington National Cemetery, and Project Healing Waters.
“Financial support is always welcomed by these terrific veterans’ groups but more importantly, they need people… There are always ways to help,” said Berger. “We have our freedoms and the freedoms that we enjoy is because of the veterans. We have an obligation to take care our veterans as well as our current service people.”
Growth & Retention
Add to Calendar 2023-09-22 14:00:00 2023-09-22 14:00:00 Understanding Credit Card Portfolio Sales & Agent Programs Both credit union and bank credit card issuers are under intense pressure from various sources, including competitor innovation, significant internal resource commitments, increasing operating expenses, uncertain regulatory and economic environments and a variety of capital and liquidity constraints. This has led to about 80% of all banks offering credit cards under an ‘agent issuing’ model, where a third-party issues credit cards under the financial institution’s name. While hundreds of credit unions do the same, and interest in this option has increased in the last two years, the majority of credit unions still own and manage this product themselves. Deciding whether this option can meet strategic, financial and member needs can be difficult to untangle. In this webinar, Understanding Credit Card Portfolio Sales & Agent Programs, you’ll delve into the structure of such programs, the financial and risk-profile impacts of such a decision, the contractual commitments required of both parties and discover evaluation tips and processes for any credit union that would like to evaluate this path. Key Takeaways Discover the structure of the agent issuing concept and obligations of both parties Understand the financial impact of entering such a program to the balance sheet, income statement, and critical performance ratios Ascertain the impacts to members, including both positive and negative possibilities Review the accompanying contractual structures and key considerations Develop an evaluation process that best protects the credit union’s financial and other outcomes Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until September 22, 2024.Go to the Online Training Center to access the webinar after purchase » Who Should Attend COOs CFOs NCCOs and compliance titles NCRMs and risk titles General counsel staff Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar CPA credit information is below; recommended 1.0 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Senior Associate Director of Education, NAFCU Learning Objectives: See key takeaways Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.0 credits Recommended Field of Study: Regulatory Ethics – Technical About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, DC. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
Credits: NCCO, NCRM, CPE
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