DANA POINT, Calif. — Even before NASCUS' first State System Summit kicked off on Aug. 10, association leaders were already calling it a success just based on the number of attendees at the event and the list of high-profiled guest speakers who had agreed to speak.
Previously called the NASCUS Annual Conference, the association changed the name of the event to State System Summit, to convey the intent of providing a forum for a focused discussion and exchange of ideas between state regulators and the state-chartered credit unions they regulate on the issues affecting the state-chartered CU system.
More than 200 attendees, including state regulators, credit union league officials, and leaders of both state and federal credit unions attended the three-day conference Aug. 10-12 at the Laguna Cliffs Marriott Hotel in Dana Point, Calif.
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That number is up from last year's conference attendance, said NASCUS spokesperson Kate Hartig, even though the number of state-chartered CUs has declined–3,440 SCCUs as of March 31, 2006, including 184 privately insured SCCUs. That's 50 less SCCUs than there were just in January.
"Credit unions are engaged in a fierce competitive battle, and the increased attendance at this year's conference shows credit unions realize they have to stay on top of the competition," said NASCUS Chairman Linda Jekel, director, Washington Division of Financial Institutions. "The Summit puts a focus on dialogue between the regulator and the regulated. We may not always agree, but at least we find a way to bridge that gap," she continued.
Mary Martha Fortney, NASCUS president/CEO said, "The Summit puts a focus on the dialogue between the regulator and regulated on the services and issues requiring thought and discussion.
"It's also an opportunity for state regulators to network and dialogue with each other and hear about situations others are facing in their states and what they're doing to address those situations," she added.
NASCUS Credit Union Advisory Council Chairman Jo Anne Fillwock, president/CEO, Financial Health CU said renaming the annual conference "Summit creates a sense of urgency on the issues affecting state-chartered credit unions."
As for the high attendance at the event, Fillwock said the number "reflects the relevance of the Summit at a time when NASCUS and the NCUA are going through their respective data collection processes."
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