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CU System
Cheney meets with Alabama Florida CUs
TALLAHASSEE, Fla. and BIRMINGHAM, Ala. (12/7/10)--The League of Southeastern Credit Unions (LSCU) is conducting seven Town Hall meetings in December and January featuring Bill Cheney, CEO of the Credit Union National Association (CUNA).
The League of Southeastern Credit Unions is holding seven Town Hall meetings in December and January featuring Bill Cheney, CEO of the Credit Union National Association (CUNA). The meetings give credit unions a chance to meet CUNA’s new CEO and hear his vision for the future.
The meetings give credit unions a chance to meet CUNA’s new CEO, hear his vision for the future and spend time with the LSCU’s President Patrick La Pine, who will talk about the new league that comprises Alabama and Florida. Last week, town hall meetings were held in Alabama in Huntsville and Birmingham, and Florida in Tampa and Orlando. Cheney said his goal was to make CUNA’s leadership transition, which took place in July, as seamless as possible--given the issues the industry is dealing with now. The CUNA government affairs team had a good election for the industry by supporting 310 winning candidates of 358 House races and 27 of 31 Senate races. Cheney said that The Washington Post named CUNA the most bi-partisan organization in Washington. Cheney has strong ties to many lawmakers, but he explained that former CUNA CEO Dan Mica has been helping to introduce him to more key lawmakers. A recent meeting with new House Speaker John Boehner (R-Ohio) went well, Cheney said.
John Neusanger, CEO of Orlando (Fla.) FCU, asks Bill Cheney, CEO of the Credit Union National Association, a question at a town hall meeting in Orlando
Credit unions from Florida and Alabama listen as Bill Cheney, CEO of the Credit Union National Association, speaks in Tampa, Fla. (Photos provided by the League of Southeastern Credit Unions)
The Senate Banking Committee will conduct a hearing Thursday on the state of credit unions. The National Credit Union Administration (NCUA) Chairman Debbie Matz will be the only speaker, and CUNA is working with the regulator on messaging, Cheney said. He said he hopes she will point out that the industry, as a whole, is well-capitalized at 10%. Credit unions discussed the more aggressive supervision by the NCUA and the corresponding increase in documents of resolution and letters of understanding and agreement. CUNA has established a Supervisory Issues Working Group to create an Examination Bill of Rights for Credit Unions so credit unions can understand their rights and responsibilities, the rights and responsibilities of the examiner and the appropriate procedures if there is a dispute. Cheney said his vision for CUNA is broad. Credit unions must change the conversation in Washington about credit unions. When lawmakers are asked if they think cooperative financial institutions should exist, they all say yes, he added. With a broader view of the future, Cheney said, credit unions can see the incremental steps that CUNA is taking and how it is working. Cheney will speak to Florida credit unions in the Pensacola, Tallahassee and South Florida areas Jan. 13-14.


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