MERIDEN, Conn. (9/25/12)--Louis Hernandez Jr., author, consumer advocate and chairman/CEO of Open Solutions Inc., delivered the keynote address at the Credit Union League of Connecticut's (CULCT) Collaboration Conference Thursday in Wallingford, Conn.
From left, Tony Emerson, Credit Union League of Connecticut president/CEO, shares a moment with Louis Hernandez Jr., author, consumer advocate and chairman/CEO of Open Solutions Inc., following Hernandez' address to Connecticut credit unions on the importance of collaboration between cooperatives. (Photo provided by the Credit Union league of Connecticut)
More than 70 credit union representatives attended the event.
Hernandez, who engineered a national movement to Save the American Dream to help small businesses and community-based financial institutions drive sustained economic growth, encouraged attendees to cooperate and collaborate for benefit not only of their credit unions, but also their members.
"The CULCT has been doing great work helping credit unions collaborate and I believe that by working together community-based financial institutions can gain the scale and efficiency of the largest institutions in the world," said Hernandez. "Credit unions play a vital role in local economies, and their ability to support the financial needs of consumers and small businesses is essential to saving the American dream."
Other speakers at the conference included Theran Colwell, director of strategy and business development for CUNA Mutual Group, who spoke on factors influencing the future of credit unions; and Scott Collins, president of Xtend Inc., who described collaboration strategies.
An open roundtable discussion addressed collaboration specific to Connecticut credit unions.