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GAC 2012

Scenes from the 2012 Governmental Affairs Conference

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Former Secretary of State Condoleezza Rice has been a Stanford FCU member for 30 years. Condoleezza Rice
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The Marine Corp color guard made an impressive entrance during Monday's Opening General Session. Color guard
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CUNA President Bill Cheney cites a survey that shows 80% of U.S. consumers have a favorable impression of CUs. Bill Cheney
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Bank Transfer Day Founder Kristen Christian cited the need to Congress to pass MBL legislation. Kristen Christian
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"Go forth and fight for CUs," outgoing CUNA Chairman Harriet May told attendees. Her predecessor, Tom Dorety, awards May with a lapel pin for her service. Dorety and May
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More than 4,000 people attended the 2012 Governmental Affairs Conference. Annual General Meeting
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American Idol winner Taylor Ricks rocked the house with his gritty, soulful vocals. Taylor Hicks
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NCUA Chairman Debbie Matz pledged to hold listening sessions to learn more about CUs' examination and other concerns. Debbie Matz

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Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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