A new legislative and regulatory advocacy committee with a focus on issues affecting CUSOs and their credit unions is the latest effort coming from NACUSO.
The organization's seven-member team will focus on four key issues: credit union opportunity, collaboration, innovation and entrepreneurship.
"The environment within our industry has heightened the importance for NACUSO's role in advocacy. CUSOs are a crucial part of the system and our voice needs to be heard. We will be very deliberate about what issues we determine are important to our membership and selecting the ones we want to try to influence," said Lisa Renner, chairperson of the committee and CEO of CU Holding Co., the parent company of five CUSOs.
NACUSO's advocacy team had its first meeting Jan. 6. Renner said the committee is developing a three to five point agenda that will serve as a roadmap supporting its pillar issues. In the next few months, more details on the agenda will be released after the plan has been finalized by the committee and approved by NACUSO's board.
Most recently, NACUSO penned a letter to the NCUA warning the regulator of the possible consequences if a proposed corporate credit union rule requiring CUSOs that use a corporate's services to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund is finalized.
Other committee's members include Pete Snyder, president, Snyder Consulting Solutions; Doug Petersen, interim CEO, Workers' Credit Union; Jay Johnson, executive vice president, Callahan & Associates; Dennis Dollar, principal partner, Dollar & Associates; Guy Messick, partner, Messick & Weber P.C.; and Jack Antonini, CEO, NACUSO.