ALBANY, N.Y. (9/25/12)--The boards and senior management of two leagues--the Credit Union Association of New York (CUANY) and the Pennsylvania Credit Union Association (PCUA)--gathered last week in Cooperstown, N.Y., to conduct a dialogue and foster future collaboration.
Credit Union Association of New York President/CEO William J. Mellin (first row, third from right) and Pennsylvania Credit Union Association President/CEO Jim McCormack (first row, fourth from left) gather with their board members at a joint meeting last week in Cooperstown, N.Y. (Photo provided by the Credit Union Association of New York and the Pennsylvania Credit Union Association)
Among the topics discussed were emerging issues facing both associations and their credit unions, including:
- Challenges and opportunities within the credit union environment;
- Regulatory burden and future actions from the Consumer Financial Protection Bureau;
- Industry financial performance;
- The issue of capital modernization;
- The importance of regulatory and legislative advocacy; and
- Opportunities to enhance association membership value.
"Our joint meeting was a great opportunity for our respective boards to come together and build peer connections while participating in candid discussions on how today's ever-changing financial climate is impacting credit unions," said CUANY President/ CEO William J. Mellin.
"The credit union landscape in Pennsylvania and New York are very similar demographically, as both represent credit unions of all asset sizes," said PCUA President/CEO Jim McCormack.
Both Mellin and McCormack noted that their associations look forward to continuing their discussions on ways to cooperate, such as their joint Volunteer Conference next month in Pennsylvania.
The joint dialogue was led by Dennis Dollar of Dollar Associates. He is a former chairman of the National Credit Union Administration.