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TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
New banking secretary headlines Pa. league annual meeting
HARRISBURG, Pa. (5/13/11)--New Pennsylvania Secretary of Banking Glenn Moyer was the opening session speaker at the Pennsylvania Credit Union Association’s annual meeting this week. The meeting also marked PCUA’s President/CEO Jim McCormack’s 30th anniversary with the association. Moyer, recently confirmed as secretary, discussed the functions and roles of the state banking department. He said he was optimistic that the state would approve the budget by June 30. He challenged credit unions support your obligation to support people of all income levels within their communities. As a veteran banker, Moyer reminded attendees: “It doesn’t matter what you do or services you provide, it comes down to how your customers/members perceive what you do for them.” Mark Sievewright, president of Fiserv’s Credit Union Solutions, Brookfield, Wis., challenged credit unions to look toward 2020. “We are undergoing social and demographic changes now,” Sievewright said. Sievewright spoke about “touch finance” and the need for credit unions to keep up with technology. “Both social networks and social business needs to be the focus for future,” he said. “Sometimes you’re so close to the business you’re in, you miss the big picture.” During a pre-convention session, more than 60 volunteers attended the National Credit Union Administration Requirements for Directors session for credit union board members to fulfill NCUA’s new board financial literacy requirements. Participants in this session received a certificate of attendance. The tradeshow officially opened in the afternoon, with more than 80 vendors offering products and services for credit unions. A new feature this year is “showcases,” where selected vendors highlight their services. On Wednesday evening, nearly 100 supporters attended the Wines & Wheels political action committee fundraising event held at The Antique Auto Museum of Hershey.


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