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CU System
Conn. CUs discuss issues at banking dept. roundtable
MERIDEN, Conn. (11/8/10)--More than 45 Connecticut credit unions were invited to participate in an informal two-day roundtable hosted by the Connecticut Department of Banking to address common issues on the minds of the state’s credit union leaders, according to the Credit Union League of Connecticut.
Click to view larger image Attending a recent roundtable hosted by the Connecticut Department of Banking to address credit union issues were, from left, Mary Ellen O’Neill, Connecticut Banking Department financial institutions manager; Howard Pitkin, Connecticut banking commissioner; Marcia Sarrazin, National Credit Union Administration Region 1 associate director of programs; and Tony Emerson, Credit Union League of Connecticut president/CEO. (Photo provided by the Credit Union League of Connecticut)
Some issues discussed included credit unions’ regulatory and compliance burdens, the National Credit Union Administration (NCUA) conservatorship of Constitution Corporate FCU in Wallingford, Conn., concerns about alternative capital and what the league and the Credit Union National Association are doing about it, NCUA assessments and legislative questions. Participants included Mary Ellen O’Neill, Banking Department financial institutions manager; Howard Pitkin, banking commissioner; Marcia Sarrazin, NCUA 1 associate director of programs; and Tony Emerson, league president/CEO. The roundtable was held in three sessions, with credit unions grouped by asset size, to form manageable gatherings and give attending credit unions an opportunity for specific and personal attention to questions and concerns. “This is your meeting,” said Pitkin, opening one session. “We are here to address your concerns, looking to see what is on your mind and what questions you have.” “This was an excellent opportunity for credit unions to communicate directly with regulators,” said Emerson. “We appreciate the efforts of Commissioner Pitkin, the banking department, and the NCUA to provide this information exchange on a personal level in a comfortable setting.”


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