WASHINGTON (2/23/09)—The National Credit Union Administration’s (NCUA’s) corporate credit union stabilization plan will be among the hot topics getting full attention at the Credit Union National Association (CUNA) Government Affairs Conference (GAC) here this week. CUNA added a special Monday information session on the plan to offer
GAC participants an up-to-date and comprehensive view of the agency’s effort, as well as CUNA’s work to lighten the cost burden to credit unions. (See News Now
Tuesday for coverage of the session.) CUNA also retooled its annual "Hot Exam Issues" GAC breakout session to focus specifically on the NCUA stabilization plan. Moderated by Kathy Thompson, CUNA senior vice president and associate general counsel for regulatory compliance, the Feb. 24 afternoon breakout panel will consist of six key senior staff from NCUA. Also this week, NCUA Chairman Michael Fryzel, Vice Chairman Rodney Hood, and board member Gigi Hyland are scheduled to speak during GAC general sessions. They are expected to address the corporate assistance plan in their remarks. Also on the GAC schedule are key lawmakers, including;
* Senate Banking Committee Chairman Christopher Dodd (D-Conn.); * House Financial Services Committee Chairman Barney Frank (D-Mass.); * House Minority Leader John Boehner (R-Ohio); * Ranking Republican member of the House Financial Services Committee, Rep. Spencer Bachus of Alabama; * Rep. Carolyn Maloney (D-N.Y.), who heads the panel's subcommittee on financial institutions and consumer credit; * Reps. Paul Kanjorski (D-Pa.) and Ed Royce (R-Calif.), key sponsors of credit union legislation; and many more.
More highlights slated for the five-day program include economic commentary from Steve Forbes, editor-in-chief of Forbes
magazine, and a political face-off between pundits Paul Begala and Tucker Carlson. Forbes will offer economic outlook and commentary. He attained national visibility in the political arena both 1996 and 2000 when he campaigned for the Republican nomination for President. Carlson and Begala will face off over current developments in national news, politics, and world issues. Carlson is a senior correspondent for MSNBC, and Begala is a CNN political analyst and former top aide to President Bill Clinton. Also, Bob Woodruff of ABC News and his wife, Lee, will provide a poignant start to CUNA's event as they recall the shattering moment when Woodruff was seriously injured by a roadside bomb when assigned to report U.S. and Iraqi security forces near Taji. The 2009 GAC has settled into the Washington Convention for its second year. For 30 years prior, CUNA’s premier conference was held at he Washington Hilton, but burgeoning attendance demanded a larger venue. Even with the economic pressures facing credit unions this year, attendance has reached 4,200, with 458 first-time attendees. The larger space has also enabled CUNA to continue for a second year a free Sunday evening concert, featuring the Lt. Dan Band. The Lt. Dan Band was formed by Chicago composer Kimo Williams and Gary Sinise, actor/musician and star of "CSI New York," a TV show on CBS. "Lieutenant Dan" is the character Sinise played in the 1994 film, "Forrest Gump." The band has completed six tours for the USO and performs regularly for troops. Use the resource link below for more GAC information. Also use the second resource link to view North Carolina CU League first video update on GAC. This installment: Why limit member business lending when there is such a need for what credit unions can provide? Read News Now
this week for more. Also, the Michigan Credit Union League will file video reports daily, covering the issues of the day, Hill visits and reaction from CEOs. The reports can be viewed through the league's CUBE TV. Use the link to view the reports.