July 25, 2014

Berger talks technology, competition at A.C. today

July 25, 2014 – NAFCU President and CEO Dan Berger will talk to NAFCU Annual Conference attendees today about trends in technology and how credit unions, if they harness these, will be virtually unbeatable going forward in the consumer financial services market.

Today is the final day of the Annual Conference, held in Las Vegas, and Berger is slated to address attendees during today's morning general session.

In his speech, Berger will talk about the rapidly rising trend of mobile banking use by younger consumers – an opportunity being missed by many credit unions.

"Today 63 million people are using mobile banking on their smartphones, and in 2015 it will be 80 million," Berger says, adding that technology is an area of competition "where we really need to step up as an industry."

Today's morning general session will kick off with the presentation of this year's NAFCU Annual Awards and political action awards. Berger's address follows. This afternoon's closing general session will feature "Waiting for Superman" figure Geoffrey Canada, the final keynote presenter.

Today's program also includes the following educational breakout sessions:

  • a case study on how six small credit union CEOs worked together to control operational costs (and avoid merger);
  • top 10 risks of insider abuse and embezzlement;
  • how to reduce costs, increase member engagement and drive revenue;
  • impact of NCUA's CUSO rule and proposed CUSO risk weight in the risk-based capital proposal;
  • growing membership through effective card programs; and
  • a case study on FedChoice Federal Credit Union's effective member business lending program.

Today's program ends at 2 p.m. Attendees will cap off their conference experience with an evening show, "Smokey Robinson Presents Human Nature: The Motown Show."