Pennsylvania Credit Union Association
NY and PA Credit Union Leaders Gather for Joint Meeting
(Albany, NY) - Last week, the Boards of Directors and senior management from the Credit Union Association of New York and the Pennsylvania Credit Union Association gathered in Cooperstown, NY, to dialogue and foster future collaboration. This joint dialogue session was led by former NCUA Board Chairman Dennis Dollar of Dollar Associates.
The Boards engaged in high level discussions of emerging issues facing both credit unions and their Associations, including:
- challenges and opportunities within the credit union environment;
- regulatory burden and future CFPB actions;
- legislative projections;
- industry financial performance;
- the issue of capital modernization;
- the importance of regulatory and legislative advocacy; and
- opportunities to enhance association membership value.
"Our joint meeting was a great opportunity for our respective boards to come together and build peer connections while participating in candid discussions on how today's ever-changing financial climate is impacting credit unions," said William Jl Mellin, president and CEO of the Credit Union Association of New York. "We look forward to continuing the sharing of information and discussing fresh ideas through future joint gatherings."
"The credit union landscape in Pennsylvania and New York are very similar demographically, as both represent credit unions of all asset sizes," said PCUA CEO Jim McCormack. "It was great to have our leaders come togther to share thoughts and visions."
Both McCormack and Mellin also noted that their Associations look forward to continuing their discussions on ways to cooperate like the joint Volunteer Conference being held in Pennsylvania next month.
Credit unions are financial cooperatives that provide affordable financial services to help their owner/members. The Harrisburg-based Pennsylvania Credit Union Association is a trade association that provides legislative, promotional, educational and operational support for credit unions in Pennsylvania. For additional information about credit unions or to find a credit union near you, visit www.iBelong.org.
The Credit Union Association of New York has served as the trade association for the state's credit unions for 95 years. New York credit unions have assets of more than $57 billion and serve 4.6 million members. To learn more about the Association, visit www.cuany.org.