The President's Perspective
by Jeff Olson

Welcome to December!

Greetings from Huntington Beach, California. I’m out on the West Coast for the American Association of Credit Union Leagues (AACUL) Annual Winter Meetings. As you know, AACUL is the association for the credit union leagues. I wish I could say that it’s sunny and warm here and that we are all enjoying the beach and surf. That way, you would all be envious, right? Well, the truth is that it’s cloudy, rainy and only 65 degrees. That’s the forecast for most of our stay, unfortunately. Of course, that makes it much easier to stay focused on work!

League presidents, board chairs, league service corps executives, and advocacy professionals are gathered here for the annual meeting which includes 2019 planning and strategizing. Joining me here representing CUAD are George McDonald, Chief Officer of Strategic Services and Jay Kruse, Chief Advocacy Officer. I have the privilege of serving on the AACUL Executive Board and am looking forward to my second term. Jay serves on the State Issues Committee. Unfortunately, CUAD Board Chair, Jarrod Reisner (Black Hills FCU), couldn’t join us this week, but it promises to be a full and productive schedule ahead.  

Please Mark your Calendars for Important 2019 Events!

Like many of you, we have spent a better part of the last quarter (or more) planning and preparing for our 2019 conferences and educational events. We are excited to be offering you many bold and high-powered events this coming year.

First, however, I want to bring your attention to some end of the year items that will be coming your way over the next few weeks. I want to thank you all for your support of our annual CUPAC Holiday Raffle. We had a record number of our members provide financial sponsorships this year and we are most appreciative. Your direct engagement is sincerely appreciated and the Holiday Raffle continues to be a major part of our successful annual fundraising each year. Don’t forget, the prize drawings will be held on Thursday, December 13!  

Moving forward, be on the lookout for our 2019 Education Calendar. This is traditionally sent to you after the first of the year along with your affiliation packets. We will also have a complete “Save the Date” listing here in the MEMO and on our CUAD website events tab soon.

As always, we are kicking off the New Year with our South Dakota Legislative Credit Union Day. This one-day Hike the Hill, CEO Roundtable and Legislative Social will take place in Pierre on Wednesday, January 23, 2019. The social will once again be held at the Ramkota Hotel and Convention Center, and the full agenda for the day and registration for the event is available here.  

Then, if you are looking for an opportunity to get out of the Dakotas in February, check out the third annual MONDAK CEO/Volunteer Roundtable in Las Vegas. This popular event will be held February 12-13, 2019, at Bally’s Hotel. Complete agenda and registration information can be found here.

Of course the biggest Credit Union gathering each year is the CUNA Government Affairs Conference (GAC). This year the event will be March 10-13, in Washington D.C. Scholarships are available, and our hotel block is open. Everything you need can be found at our one-stop GAC information shop here. Please note we have rooms set aside for our Dakota members at the Renaissance and Hampton Inn Convention Center. Both hotels are a short walking distance to the Washington Convention Center.

Finally, please be sure to mark your calendars now for the CUAD Annual Summit April 29 – May 1, 2019, at the Delta Marriott Hotel and Convention Center in Fargo, ND. More information and our speaker lineup will be rolled out soon.

Credit Unions Should Not Be Included in the CRA.

One of the urgent priorities we’re facing as the 116th Congress approaches is to continue our efforts in advocating against the Office of the Comptroller of the Currency (OCC) expanding the Community Reinvestment Act (CRA) to credit unions. Credit unions already have a strong record throughout our history of meeting the needs of underserved communities as part of our on-going and unchanged mission. We believe that expanding the CRA to apply to credit unions is unnecessary, burdensome and could have an unintended impact of actually reducing access to credit for many of our members. We’ll keep you posted on this development as it unfolds.

Have a great week!




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