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Deadlines nearing for Mich. league annual convention
LIVONIA, Mich. (3/19/14)--Innovators and young credit union professionals are being sought for the Michigan Credit Union League's annual convention and exposition, set for June 5-7 in Grand Rapids.
 
This Friday is the deadline for the Innovation Competition, which highlights credit unions' creative and effective campaigns, initiatives, products or services. Credit unions should submit a 400-word essay or a video, three minutes or less, describing their innovation with a maximum of four supporting documents (Monitor March 17).
 
One winner will be selected from each asset group: Less than $50 million in assets; $50 million to $400 million in assets; and more than $400 million in assets. In addition to a $1,000 prize, all three winners and their innovations will be showcased at the June meeting.
 
The deadline for Crash Michigan applications is March 31. Up to 10 young credit union professionals will receive free registration to the annual conference. The Cooperative Trust, CUNA Mutual Group and the league are sponsoring credit union staffers under age 30 as Crashers in order to increase engagement and broaden the experience of the industry's future leaders.
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.@CUNA's Pierce: Every dollar a CU spends on complying with a regulation is a dollar that is not spent to the benefit of its membership.
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(2of2)...that incentive structure for CUs and banks is quite different, and regulatory structure should reflect those differences."
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Pierce: When considering reg burden as it relates to consumer financial protection, it is critical that policymakers understand...(1of2)
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.@CUNA's Pierce: "Without meaningful relief, consolidation in CU sector will continue."
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..."higher for smaller-sized credit unions than these behemoth institutions." (3of3)
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