This session will cover the following pertinent items:
1) Pending NCUA rulemaking on the fiduciary duties of FCU directors and charter conversions/mergers
2) Pending NCUA rulemaking on corporate credit unions
3) Other information about corporate credit unions and the corporate system
4) Pending changes to NCUA chartering and field of membership policies
5) Private share insurance issues
6) Credit union conversions to banks

Paul Peterson has served as the Director of the NCUA OGC Applications Section since 2008. The Applications Section reviews various applications, including mergers, share insurance conversions, and bank charter conversions. The Section is also responsible for certain issues related to Corporate Credit Unions. Paul was the primary drafter of the pending amendments to NCUA’s rules on Corporate Credit Unions and also the Corporate Credit Union Stabilization Fund amendments to the Federal Credit Union Act passed by Congress in the Spring of 2009.

Paul joined the NCUA in 1999 as a staff attorney in the Operations Division. While serving in the Operations Division his primary duties included specialized lending, credit union conversions to banks and private share insurance, credit union investments, leasing, true sale accounting, and government contracts.

Prior to joining NCUA, Paul served in the U.S. Army, first as a Military Intelligence Officer, and later in the Judge Advocate General’s (JAG) Corps. While in the JAG Corps, Paul worked in many different areas of the law, including service as a criminal prosecutor. Paul also taught estate and financial planning to other JAG lawyers and senior Army officers. Paul retired from the Army in 1999 with the rank of Lieutenant Colonel.

Paul received his undergraduate degree in Electrical Engineering from the University of California at Berkeley (1979), his law degree (J.D.) from the George Washington University (1985), and his Master of Laws degree (L.L.M) from the U.S. Army Judge Advocate General’s School (1991). Paul is also a Certified Financial Planner (inactive).
 

Breathe a sigh of relief. You’ve made it through the last three years with your credit union and members substantially intact. Many of you have even seen significant growth. Now, take a deep breath, and get ready for the pace of change to accelerate. The next three years will see a majority of your members literally a click away from both new and existing competitors. Member needs continue to evolve, and powerful forces are emerging that will compel new mergers and fresh challenges for credit unions of all sizes. The best FIs web sites don’t just provide access to accounts, they provide active money management tools as well as blended, personal service, sales and support. Demographic driven change will demand new products and services. Attendees at this keynote session will see the picture of a new financial services landscape emerge as the dots of both current and emerging trends are logically connected.

Tim combines extensive credit union, business and technology knowledge with an articulate, intelligent presentation style that has made him a very popular speaker at credit union conferences and events. Tim has more than ten years of professional speaking experience, and for the past three years has once again devoted himself full-time to serving the educational needs of the credit union movement as President of Tim Lerew & Associates. (details at www.timlerew.com) Mr. Lerew has served on the management team of West One Federal Credit Union and as Marketing Director of CTEL Financial, a securities and investment Credit Union Service Organization (CUSO). He has also served as a Director of the Bay Area Credit Union Co-operative Marketing Association (BACCUMA) and is a past President of the Tri-Valley Corporate Volunteer Council where he worked to recognize and support employee volunteering. In addition to his experience with credit unions, he has also held management positions at business and technology companies that serve the credit union industry, including: Director, Product Management, ULTRADATA Corporation (now Harland) Director, Emerging Technologies ULTRATDATA Corporation (now Harland) Director of Marketing, PeopleSoft Senior Director, Corporate Marketing, Edify Corporation.

This presentation is the cat’s meow. A graphic overview of all the important elements of the economy and the dynamic paths they are taking. What makes this valuable for credit union directors and managers is seeing this all in one place. Grasping the overall is by far the most difficult thing for people. The constant barrage of news on TV and in the financial press cannot give you the kind of “aha” experience you’ll have as you sit through this presentation. Every key variable of the economy will be touched on in a way that predicts what is most likely coming next. Special emphasis on where interest rates are going. There’ll be a sketch of coming perturbations to economic and world order. Followed by a short list of coming opportunities and technological advances that will necessitate changes in your financial life and the way your credit union does business. This is the core foundation material of your credit union’s strategic planning. Not to be missed from one of the country’s most accurate economic forecasters who has spoken to credit union audiences for nearly 30 years.

Jim is president of Hagerbaumer Economics in Tampa, Florida. He consults with CEOs and CFOs of financial institutions, advising them on pricing CDs and loans, and on timing purchases in their investment portfolio.

Jim’s weekly report is read by professionals around the country. And he’s written a monthly newsletter on the economy since 1981.

He has a doctorate in economics from the University of Colorado, taught at the University of Wisconsin – Oshkosh, and was corporate economist for a Fortune 500 company.

Jim is a former member of the BLUE CHIP panel. For over 25 years he’s had an exceptional record of predicting the economic cycle and interest rates … with many solid, stunning calls.

Not only does Jim boil down financial markets and economic numbers in a way that’s hands-on … his insights provoke you to think.

He communicates all this with an explosive style. You’ve never heard an economist like this.

“There is a digital transformation underway in the global financial services industry. This transformation - shaped by social, economic, technological and political change – is having a dramatic impact on how information, services and content are delivered and shared. Consumers of all ages, with access to an exponentially growing array of electronic devices and applications, are redefining what it means to be empowered and connected.

This digital transformation, offering pervasive connectivity, increasing mobility and more intuitive interfaces, is shaping how and where consumers interact with each other, with businesses and with their financial institutions. Innovation is accelerating as companies find new ways to harness technology to capture consumers’ imaginations – and dollars.

For credit unions this new era of digital transformation offers myriad opportunities and also poses a number of important challenges and potential threats. This session will review these and will attempt to forecast the fundamental changes that will occur in the financial services during this decade and how credit unions can (and should) respond to them."

Mark Sievewright began his financial services career twenty-six years ago. During the past ten years Mark has worked extensively in North America with Credit Unions, Corporate Credit Unions, CUNA, CUNA Mutual Group, Credit Union State Leagues, and the CUNA Technology Council.
Mark Sievewright has helped individual Credit Unions formulate and execute successful business and technology strategies. He has facilitated Credit Union board meetings and has helped a number of Credit Union leaders shape the future of their Credit Unions.
Mark Sievewright’s views and insights on the industry have been featured in Credit Union Magazine, Credit Union Times (and other Credit Union publications) and he has bylined articles for the “News Now” service offered by CUNA. Also, he has served as a keynote speaker at numerous Credit Union events around the country and is a current faculty member of CUNA’s Strategic Planning Institute. While President & CEO of TowerGroup, Mark led the development of a unique information resource for Credit Unions, - called the “Credit Union Technology Advisory Center” (CUTAC) - in partnership with CUNA.
Mark Sievewright’s financial services career began in 1979 when he joined one of the world’s largest banks - HSBC in the United Kingdom. He held a variety of senior business management and operational roles and also worked as a Senior Manager within the bank’s “Office of the CEO” for 18 months.
At MasterCard International, Mark was responsible for Europe-wide marketing and commercial services covering sales management, corporate communications, fraud management and business/ IT management. At PSI (now Taylor-Nelson-Sofres Financial Services), Mark served as Executive Vice President, and then President and CEO.
As President and CEO of TowerGroup, Mark Sievewright led the evolution of the company into the financial services industry’s leading research and advisory company and built a team of expert analysts and consultants widely recognized as the best in the industry.
At Fiserv, Mark serves as Corporate Senior Vice President for Market Development. Fiserv is the leading provider of information management and technology solutions to Credit Unions.
Mark Sievewright has been quoted extensively in the financial press and is a renowned keynote speaker and chairperson at financial services events and conferences around the world. Mark has presented at more than 200 events in more than 30 countries receiving highly positive feedback from clients and conference organizers alike.
Mark Sievewright has a Bachelor’s Degree in Finance and is an Associate Member of the Chartered Institute of Bankers. He also has Diplomas in Marketing, Business Administration and Human Resources Management.