NAFCU honors 2020 Annual Award winners
Winners of NAFCU's 2020 Annual Awards were honored yesterday during the association's virtual Congressional Caucus. Eight winners – selected by a panel of credit union peers – were recognized for excellence and achievement in the industry.
This year's awards recognized the CEO of the Year, Professional of the Year, Volunteer of the Year, and Credit Union of the Year in each of two asset-size categories: $250 million or less, and more than $250 million.
Award winners are listed below; they will also be featured in the upcoming November-December edition of The NAFCU Journal.
CEO of the Year
- Lourdes Cortez, North Jersey Federal Credit Union ($250 million or less)
- Karen Harbin, Commonwealth Credit Union (more than $250 million)
Professional of the Year
- Laramie Cummings, Marketing & Compliance Manager, Wyo Central Federal Credit Union ($250 million or less)
- Alicia Quevedo, Senior Vice President and Chief Membership Officer, Power Financial Credit Union (more than $250 million)
Volunteer of the Year
- Donald Bock, New Orleans Firemen’s Federal Credit Union ($250 million or less)
- Vice Admiral John A. Lockard, Navy Federal Credit Union (more than $250 million)
Credit Union of the Year
- Commodore Perry Federal Credit Union ($250 million or less)
- U.T. Federal Credit Union (more than $250 million)
For information on entering next year’s competition, click here. Interested credit unions are encouraged to begin applying in January of 2021.
Stay tuned to NAFCU Today for additional conference coverage and follow #NAFCUCaucus on Twitter.
Add to Calendar 2020-09-17 14:00:00 2020-09-17 14:00:00 NCUA’s Subordinated Debt: The Fundamentals and Strategy Having access to capital is incredibly important for any financial depository institution. NCUA has recognized this and as such proposed an amendment to authorize the issuance of subordinated debt by natural person credit unions for purposes of regulatory capital treatment. Currently only low-income credit unions may issue subordinated debt that can count toward their net worth requirement. The proposal allows complex credit unions and new credit unions this option, which will count toward their risk-based capital requirement. This webinar will cover NCUA’s proposal to authorize the issuance of subordinated debt, the process and its usefulness for managing liabilities and capital. It will address the: proposed rule, regulatory approval process, terms of the debt instrument, offering process and eligible investor, reasons to issue subordinated debt and current interest rate environment. Key Takeaways Understand the approval and offering processes Discuss identifying potential investors Review the supplemental capital’s role in longer-term strategic planning Learn the pros and cons and financial impacts of subordinated debt Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until September 17, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Chief Executive Officers (CEOs) Executive Vice Presidents (EVPs) Chief Financial Officers (CFOs) Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Understand the approval and offering processes. Discuss identifying potential investors. Review the supplemental capital’s role in longer-term strategic planning. Learn the pros and cons and financial impacts of subordinated debt. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Finance - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. 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 firstname.lastname@example.org America/New_York public
Credits: NCCO, NCRM, CPE
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