ALBANY, N.Y. (11/9/12)--Credit union leaders heard from investment experts, economists and industry leaders during the Credit Union Association of New York's 2012 Economic Forum last week.
William J. Mellin, president/CEO of the Credit Union Association of New York, welcomes attendees to the 2012 Economic Forum. (Photo provided by the Credit Union Association of New York)
Despite the ongoing impact of Hurricane Sandy, more than 100 attendees from New York, Massachusetts, New Jersey and Rhode Island traveled to Albany for the event.
The Economic Forum kicked off Thursday morning with opening remarks from Association President/CEO William J. Mellin and a presentation titled "Investing in an Uncertain World," led by Kristina Muller and Gregory Perry of Balance Sheet Solutions.
Perry emphasized how the economy is, in and will continue to be in, a low-rate environment. He also noted that, in light of the current financial climate, it is important for credit unions to pay extra attention to their balance sheets and investments, and not sit on a substantial amount of cash.
Thursday afternoon, attendees had their choice of three concurrent breakout sessions. With topics including liquidity, a 2013 economic outlook and risk management, the sessions spurred both thought and discussion.
On Friday, Alloya Corporate FCU's resident economist Dr. Nick Perna and keynote speaker Mark Sievewright, president of Credit Union Solutions at Fiserv, addressed the conference.
Perna focused on how Federal Reserve policies will impact credit unions in the future. Sievewright challenged attendees to adapt to changing consumer preferences and industry innovations.