Legislative Update with Jay Kruse
by Jay Kruse
Chief Advocacy Officer
10/8/2019

Good Morning!

 

“New Ideas” have started to float around in Rapid City, South Dakota as we kicked off our most recent educational conference last night at Hay Camp Brewery. The name of the conference speaks for itself, but often times, new ideas may seem hard to come by. The reasons are endless. Maybe you feel stuck in your daily routine, or find it difficult to come up with new ideas due to a lack of staffing or resources. Whatever the reason, you are not alone! (Jay is standing in the background in this photo from last night's launch with our speaker from the Filene Research Institute.) 

 

As our system partners and sponsors introduced themselves last evening, they each brought a “new idea” to help attendees think outside of the box and focus on some emerging trends that are affecting the financial services industry – not only here in the Dakotas, but nation wide. Last night’s discussions will serve as a backdrop as our attendees interact with each other and some of the top innovators in our industry over the next few days.

 

In the spirit of “New Ideas,” I also want to make sure you are aware of two additional opportunities that are specifically designed to foster growth and inspiration. Both are worth your consideration.

 

Crash the GAC!

 

Once again, CUAD is hoping to see a North and South Dakota Crasher at the 2020 CUNA Governmental Affairs Conference that takes place February 23 – 27. This is an amazing opportunity for credit union professionals age 35 and under to attend the biggest credit union advocacy event of the year in Washington.

 

In addition to “behind the scenes” access to all the GAC has to offer, Crashers receive free conference registration from CUNA – that alone is worth nearly $1,200! Travel, lodging, and food costs are the responsibility of the Crasher and their credit union, however, CUAD will be awarding a $500 scholarship to each Dakota Crasher that is selected.

 

Applications for Crashers opened on October 1st and will close on November 30, 2019. I encourage serious, young credit union professionals to take advantage of this amazing opportunity and apply early. Your career will never be the same! You can find more information and apply here.

 

Streamlined CDFI Certification Process.

 

Here is another opportunity. NCUA has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions (CDFIs) to apply for qualification to use the agency’s streamlined CDFI certification process. The deadline is now November 30 and you can find more information here.

 

This will be the final opportunity to take advantage of the streamlined certification process in 2019. And, what better way to fund your “New Ideas” than a CDFI grant?

 

The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our states’ most distressed and underserved communities. By offering tailored resources and innovative programs that invest federal dollars, the CDFI Fund serves credit unions and other financial institutions supporting economically disadvantaged communities that desperately need access to financial services or advancements in available technologies. I highly encouraged you to apply for CDFI Certification and participate in CDFI Fund programs.

 

If you have any questions about the Crasher program or CDFI Certification, feel free to contact me. Now, I am off to join my peers as we delve into more New Ideas in Rapid City!

 

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