How CUs Can Preserve Their Capital & Access Services – Today
Recorded June 24, 2010
2:00 – 3:30 p.m. ET
CUs have seen their corporate capital investments – millions of dollars – disappear with the meltdown of the corporate CU system. On top of that, NCUA’s special NCUSIF assessment to save WesCorp, U.S. Central and other corporate CUs has stripped the earnings of natural person CUs.
Now, several corporate CUs, such as Mid-Atlantic, EasCorp and Corporate America, have asked or demanded that their member CUs make new capital commitments. Meantime, NCUA is developing a new corporate rule in the face of increasing problems at U.S. Central.
Is your CU ready to commit additional capital to preserve the corporate system? Do you still need to use corporate CUs at all? NCUA’s new corporate rule will be in place by late summer. But your CU should not wait until the rules are finalized before acting to preserve your capital position and access to critical third-party services.
- Discover how to evaluate your corporate and the safety of your investment
- Uncover the steps you can take – today – to protect your CU and its capital position
- Size up alternative services to the corporate system
- Nail down the benefits and drawbacks of alternate third-party providers
- Evaluate the impact of the NCUA corporate rule on your CU
- Determine what your CU can do to shape the corporate system
- And much more!
YES, please rush me a copy of the CD and the speaker presentation materials of the webinar, NCUA’s Restructured Corporate System: How CUs Can Preserve Their Capital & Access Services – Today for $195 [TA1956CD].
3 Ways to Order
Order online | Call 1-866-236-6228 | Fax 301-287-1316
*Please allow 2-4 weeks for delivery
Sponsored by:
Invite Your Entire Staff to Tune in:
There is no limit to the number of staff from your CU who can tune in to the webinar. A single registration, speakerphone and, if you like, projector is all you need!
- CEOs & Presidents
- Chairman and Directors
- CFOs
- Senior VPs
One registration & a speaker phone is all
you need!
Panel of Experts:
Tom Glatt Jr., an expert in CU vendor management, is the CEO of Glatt Consulting in Wilmington, N.C. Drawing on 15 years of experience in the CU movement, Tom provides enterprise strategy to CUs nationwide, including alternative third-party providers to the corporate CU system.
Frank Michael is a member of the CUNA Task Force on Corporate CUs and the CEO of Allied CU in Stockton, Calif. Mr. Michael also has testified before the Senate Banking Committee to advocate on issues facing smaller CUs. The Task Force has argued for a pared down corporate CU system that requires little new capital from its member CUs, arguing that the corporate model is not viable and should focus on settlement and payment systems.
Jay Murray is the CEO of Mid-Atlantic Corporate FCU in Middletown, Pa. Mid-Atlantic has asked its 887 member CUs to convert their capital accounts to Tier 1 perpetual capital to meet NCUA’s new corporate capital requirements. Murray argues that too much consolidation of the corporate CU system would excessively concentrate risk and remove one of its key benefits: Personalized guidance to CUs on ALM, liquidity, payments processing and other services.
This webinar was originally recorded June 24, 2010, 2:00 – 3:30 p.m., but due to the overwhelming demand for the recording, we have made it available on CD for your convenience.
If you do not get the guidance you need, we’ll refund your entire registration fee. 100% Guaranteed!
The Safety & Soundness Report is the CU movement’s main source of executive intelligence on NCUA exams, enforcement and risk management.