CURRENT Newsletter | May 2, 2023

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Credit Unions, League Host Meeting with Longtime CU Champion Rep. Gerry Connolly

Credit union advocates joined the League on Monday for a virtual meeting with longtime credit union supporter, Rep. Gerry Connolly (D-11th). During the meeting, the credit union leaders discussed the work they are doing to serve their members and communities, continuing to highlight the credit union difference in light of the recent bank failures. From financial literacy initiatives to serving the underserved, Congressman Connolly – himself a longtime credit union member -- fully understands the "Credit Union Difference."

FDIC Weighs Change to Deposit Insurance Policy; League Monitoring Issue

The FDIC is considering options to overhaul its deposit insurance coverage. As part of its analysis of the deposit insurance system, the FDIC outlines three options for deposit insurance reform in a report released this week. Your League is monitoring this issue, noting the need for parity between FDIC and NCUSIF coverage, as well as the need for careful consideration on the part of Congress in terms of both risks and financial costs in restructuring deposit insurance.

Sponsors Needed By May 10 for VACUPAC Golf Challenge, Lunch at Williamsburg Winery

Sponsorships are critical to the success of the VACUPAC Golf Challenge and our inaugural VACUPAC Wine-Tasting and Networking Lunch! Please consider supporting our advocacy work through your sponsorships! The deadline to sponsor each event is May 10. The 34th Annual VACUPAC Golf Challenge will be held May 24 at the Golden Horseshoe Golf Club. The inaugural Wine-Tasting and Networking Lunch is set for May 24 at the Williamsburg Winery.

Richmond-Area VACUPAC Golf Tournament Set for May 9

Sponsored by Henrico Federal Credit Union, the Bill Dawson VACUPAC Golf Tournament tees off May 9, at the Hunting Hawk Golf Club. It’s another great way to support our advocacy efforts! Golfers: There’s still time to register!

IGNITE 2023 Keynote: Using Innovation to Improve the Member Experience

Member experience is everything, notes IGNITE Keynote Speaker Stephanie Wade. You’ve no doubt focused on optimizing your member experience, ensuring that every member touchpoint delivers an experience that adds value and builds loyalty. But optimization is table stakes these days. Join us at IGNITE 2023 as Stephanie discusses why credit unions that really want a competitive edge must be laser-focused on introducing innovation into the member experience to create those “wow” interactions with members that build the brand, drive growth and create member ambassadors willing to share their experiences.

EMERGE Leadership Module May 24: Learn How to Lead Strategically, Communicate With Impact

The leader is the key to the success of any team. The leader shapes the culture, focus, and direction of the team and sets the expectation. The performance of any team is the direct result of the effectiveness of its leader. Through this workshop, leaders will learn how to shape employee mindset, develop effective behaviors, coach to skills, and improve results through coaching and accountability. While this May 24 in-person event is part of our EMERGE Leadership Certification, anyone can attend!

CU Directors: Registration Now Open for SE Regional Directors’ Conference

Join us July 23-26 in Memphis, Tennessee for the Southeast Regional Directors Conference. This year’s conference features a full range of informative educational sessions on critical, timely issues related to the economy, lending environment, and more.

Small CU Business Partner Showcase Set for May 18, June 15

CUNA and CUNA Strategic Services have two webinars planned to showcase the product offerings of InterLutions (May 18) and Zest AI (June 15). Both organizations will focus on their small credit union offerings, with InterLutions covering its employee benefits solutions and Zest AI providing an overview of its AI-powered lending solutions.

Register Now for NCUA’s May 18 Webinar on Elder Financial Abuse

In recognition of Older Americans Month, the NCUA is partnering with the AARP and the CFPB to host a May 18 webinar that addresses how society views and talks about financial crimes against older adults.