Trusted News for Credit Union Leaders
DECEMBER 2, 2015 | VOL. 26 | NO. 43 | CUTIMES.COM
1990 2015
Tension
Builds at
NCUA
Meeting
J. DANIEL YOUNG
dyoung@cutimes.com
hile the NCUA
board passed all
of the items on its
Nov. 19 agenda,
Despite the progress made during the board meeting, snarky
comments and innuendoes made
it an unforgettable one, as an exchange between NCUA Chairman
Debbie Matz and Board Member
Mark McWatters turned heated
and accusatory.
After the staff presented the
2016/2017 operating and capital
budget, Mc Watters read a lengthy
statement that called into question the validity that the NCUA’s
budget started at zero and was
built up from there. He also
questioned the efficacy of waiting to implement an 18-month
examination cycle until after
the risk-based capital rule goes
into effect. McWatters added the
NCUA should reduce its budget and improve budget process
transparency.
In addition, he said the board
failed to engage its members
in a dialogue about the budget
process.
“The NCUA can and Y20
The
Mobile-First
Era
Learn how credit
unions can
prepare. Y12
CUSO
Partnerships
PSCU outlines the
benefits. Y9
n the first day of his
new job as CUNA’s
president/CEO, Jim
Nussle heard about
the Structure and Governance
Task Force.
“I thought, well, that’s kind
of interesting. Every association
ought to examine itself, see what’s
going, see what’s the right way to
do things,” Nussle told the audi-
ence at the 2015
REACH confer-
ence held in No-
vember by the
California and Ne-
vada Credit Union
Leagues in Palm
Desert, Calif.
He then paused for a moment
and added, “Be careful what you
wish for, right?”
Nussle and the CUNA board of
directors had no way of knowing
they would ignite one of the big-
gest industry-wide firestorms after
deciding on Sept. 18 to maintain
the longstanding dual member-
ship requirement, despite a fi-
nal recommendation by the task
force to offer credit unions mem-
bership choice in CUNA and/or a
league.
TRADES
CUNA Leaves Leagues in Suspense
PETER STROZNIAK
pstrozniak@cutimes.com
Y18
FOCUSREPORT:
CUSOs TECHNOLOGY Mobile Tops IT Budgets Technologies that enhance
member engagement, advance
digital interaction via the mobile
channel, improve security and
help credit unions understand
accountholders better are the
top IT budget priorities heading
into 2016.
“Rolling out the red carpet for
opening and funding new accounts, especially via the mobile
channel, is the most valuable
digital service for credit unions
to offer in 2016, because account
growth is the one metric that
can’t be neglected,” Hal Tilbury,
CEO of the Henderson, Nev.-based, payment processing and
document imaging firm Bluepoint Solutions, said.
Tilbury said convenience
will be the most important priority for credit unions as they
determine the right mixture of
features and services; in other words, finding ways to meet
members wherever they are with
faster, easier-to-use services offered through multiple channels.
“This could mean revving up
everything digital from basic
services like deposits and bill
payments, to high value-added
services like personal financial
management and electronic
strongboxes,” he said.
Branching strategies are shifting quickly as well.
“Branches of the future will be
smaller, streamlined to accommodate live lending services and
equipped with self-service video
kiosks (interactive teller Y19
Must Reads
How did credit unions fare during the EMV transition? CU Times and card processing
association CSCU discovered the answer to this question and more in a recent survey.
Get the details in this Focus Report, plus, learn how the CFPB might be changing its
tune on vendor responsibility. Y6
The Rundown
Y The CUNA board is expected to reconsider the dual membership requirement
this month.
Y The issue has evoked strong emotions
among league CEOs.
Y Some leaders believe dual membership
and choice can co-exist.
Nussle
REGULATION