AC&E Day Two: Credit Unions Look Back, Move Ahead (Misc News: July 15, 2012)
ACME – Michigan credit unions are making a difference in the lives of their members every day, something even more people are taking advantage of.
MCUL & Affiliates CEO David Adams opened the General Session of the league’s Annual Convention and Exposition in Acme, near Traverse City, by thanking George Isola for his service as chairman of the MCUL board.
Adams said credit unions continue to see big growth following last year’s backlash against banks for increasing fees.
“Members love and trust their credit union,” Adams said. “We’re different because we serve.”
NCUA board member Michael Fryzel said the last several years have been tough, but credit unions have shown a willingness to help because they are not beholden to profits and shareholders.
“There are no hidden agendas behind credit unions,” Fryzel said.
During a short question-and-answer session, MSUFCU President and CEO Patrick McPharlin said the federal regulator could do more to help credit unions do more to help their members.
“We urge you to help us,” McPharlin said.
Keynote speaker, former Sen. John Sununu, a Republican from New Hampshire, said the digital revolution and the Internet have led to an increased coarseness in political discourse, but he said the country is coming very close to having no choice but to deal with the federal deficit.
“It’s almost a moot point, whether we can (deal with the deficit) or not,” Sununu said. “We have to.”
Sununu said credit unions have a lot to offer those who are not yet members.
“In this time of uncertainty, people are looking for something they can feel good about.”
Earlier in the meeting, Isola, a 14-year veteran of the board, said he enjoyed his service, but won’t miss the drive from Ishpeming, where he is CEO of Ishpeming Community FCU, to Lansing for board meetings.
“I’m going to miss the interaction with the members of the board and the staff,” Isola said.
Throughout the rest of the day, AC&E attendees took part in several sessions on a variety of topics, then capped the night off with a party sponsored by Mortgage Center, Holtzman Corkery and Doeren Mayhew.