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Good Morning! As the summer heats up, so do the events taking place across the Dakotas! We are less than a week away from the big SE605 Chapter of Credit Unions Annual Charity Golf Tournament – and there are nearly 90 golfers registered to participate – the highest turnout in the history of the event! I look forward to connecting with many of you next week in Sioux Falls. I will also be on the road next week to Bismarck to attend some political fundraisers and then then returning home through Fargo to make some credit union visits. Things are finally getting back to normal and I love it! Advocacy Workshop Targeting Young Professionals CUNA will be hosting a virtual advocacy training targeted and designed for young professionals, taking place August 4th-6th. Advocacy is vital in bettering the state of our credit unions, as raising voices means raising awareness. The program will teach future leaders about the benefits of advocacy; how to build strong relationships with members of Congress; best ways to use data and social media to tell their story; provide a review of CUNA’s political programs; and best practices for in-person or virtual district meetings with their state and federal lawmakers. This three-day program will take place in the afternoons and includes guest speakers, congressional staff panel, and updates from CUNA and League personnel (like me) from states across the country. Here are all the details, including the link to register: Date: Wednesday, August 4 – Friday, August 6th Time: 12:00 pm – 3:00 pm CT Cost: $199 for CUNA Members Platform: Virtual program conducted on Zoom Register: https://www.cuna.org/advocacyworkshop DakCU Joins Sign-On Letter Supporting PCA Relief DakCU has joined CUNA and other state leagues to sign on to a letter encouraging the NCUA Board to pursue additional Prompt Corrective Action (PCA) relief. We believe the NCUA lacks the statutory authority it truly needs to help credit unions with capital concerns caused by a public health crises or other emergency. The economic crisis caused by the recent pandemic and subsequent government economic assistance payments has and will continue to put stress on credit union capital and net worth ratios. The letter reads, “We encouraged the Senate Banking Committee to include language to provide temporary flexibility to the NCUA to offer forbearance from PCA for credit unions impacted by the pandemic that were otherwise healthy prior to the onset of the crisis. While such language ultimately was not adopted, we believe it is critical that Congress provide the agency additional authority to adjust capital requirements or forbear prompt corrective action for credit unions impacted by the current crisis and future crises.” As always, don't hesitate to contact me at jkruse@dakcu.org with any questions or comments.
Good Morning!
As the summer heats up, so do the events taking place across the Dakotas! We are less than a week away from the big SE605 Chapter of Credit Unions Annual Charity Golf Tournament – and there are nearly 90 golfers registered to participate – the highest turnout in the history of the event! I look forward to connecting with many of you next week in Sioux Falls. I will also be on the road next week to Bismarck to attend some political fundraisers and then then returning home through Fargo to make some credit union visits. Things are finally getting back to normal and I love it!
Advocacy Workshop Targeting Young Professionals
CUNA will be hosting a virtual advocacy training targeted and designed for young professionals, taking place August 4th-6th. Advocacy is vital in bettering the state of our credit unions, as raising voices means raising awareness. The program will teach future leaders about the benefits of advocacy; how to build strong relationships with members of Congress; best ways to use data and social media to tell their story; provide a review of CUNA’s political programs; and best practices for in-person or virtual district meetings with their state and federal lawmakers.
This three-day program will take place in the afternoons and includes guest speakers, congressional staff panel, and updates from CUNA and League personnel (like me) from states across the country. Here are all the details, including the link to register:
Date: Wednesday, August 4 – Friday, August 6th
Time: 12:00 pm – 3:00 pm CT
Cost: $199 for CUNA Members
Platform: Virtual program conducted on Zoom
Register: https://www.cuna.org/advocacyworkshop
DakCU Joins Sign-On Letter Supporting PCA Relief
DakCU has joined CUNA and other state leagues to sign on to a letter encouraging the NCUA Board to pursue additional Prompt Corrective Action (PCA) relief. We believe the NCUA lacks the statutory authority it truly needs to help credit unions with capital concerns caused by a public health crises or other emergency. The economic crisis caused by the recent pandemic and subsequent government economic assistance payments has and will continue to put stress on credit union capital and net worth ratios.
The letter reads, “We encouraged the Senate Banking Committee to include language to provide temporary flexibility to the NCUA to offer forbearance from PCA for credit unions impacted by the pandemic that were otherwise healthy prior to the onset of the crisis. While such language ultimately was not adopted, we believe it is critical that Congress provide the agency additional authority to adjust capital requirements or forbear prompt corrective action for credit unions impacted by the current crisis and future crises.”
As always, don't hesitate to contact me at jkruse@dakcu.org with any questions or comments.