The clampdown on travel and conference expenses seems to be taking a sharp bite out of next week's big meeting of credit union directors in Las Vegas.
"We're not too happy about it but we're also feeling the same trends that have affected others and now it's our brand," said Ben Rogers, chairman of the 32nd annual National Directors Conference being held Aug. 4-7 at the Venetian Hotel/Casino and sponsored by a Rockville, Md. financial publisher.
Registrations for the popular volunteers' conclave are down a third from last year's 1,700, said Rogers.
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It is unfortunate, he said, that CU cost cutting comes at a time when such an educational meeting with high-level speakers is vital to CU managers in guiding their institutions through a very rough economic terrain.
Among the topics to be covered next week are updates on the corporate status, growing business loans, management succession and risk investment. Included on the speaker roster are Tom Glatt, CEO of Realtors FCU; Gordon Dames, retired president/CEO of Mountain America FCU; Diana Dykstra, former director of WesCorp and CEO of San Francisco Fire CU; Dorian Stone, a McKinsey & Co. consultant; and Peter Duffy, associate director at Sandler O'Neil & Partners.
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