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Cheney Report: Growth Remains a Major CU Issue
WASHINGTON (9/3/13)--Growth continues to be the top priority for credit unions on the business front, according to the Credit Union National Association's The Cheney Report
 
When CUNA quizzes credit unions on what their biggest issue is on the business side, "growth always tops the list," the Report states.  The National Credit Union Administration reported last week that credit unions are showing positive signs in increased lending, net worth and membership.  But some credit unions worries that they are not "catching the wave."
 
To support the momentum credit unions are gaining, CUNA is hosting the CUNA Community Credit Union and Growth Conference on Oct. 8-11 in Connecticut. This conference will give credit unions a chance to hear from experts, participate in impact-oriented breakout sessions and leave with ready-to-implement action plans. The Community Credit Union of the year award will also be announced.
 
CO-OP Financial is sponsoring up to 18 scholarships to attend the conference (see resource link). The application deadline is Sept. 6.
 
The conference will give credit unions the tools and knowledge they need to bring in new members and generate new business opportunities and ultimately help the credit union movement achieve their shared vision of becoming America's best financial partner.
 
In addition to highlighting the importance of credit union growth, The Cheney Report also covered:
  • Briefs Fly in Interchange Case; Fed Appeal Process is Underway;
  • Welcome Board Member Metsger;
  • CUNA-Backed Recommendations Make it Into QRM Revision; and
  • Home Cooking Working Well in Tax Battle.
Each Friday, The Cheney Report provides a valuable window into CUNA's actions on behalf of member credit unions and reinforces the value of CUNA membership. To sign up for The Cheney Report, click the resource link below and use the "subscribe" tab on the right of the page.

Past issues of The Cheney Report are also archived on cuna.org.
 

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