Registration EXTENDED: Small CU Roundtable: Learn how your credit union can thrive in the new reality

on "June 15, 2020 9:44 am"

Your League is offering a special video conference on financial strategies of what Hawaii credit unions can anticipate. This session will address economic factors while offering important tools, resources, and information. All member credit unions are invited to join us for this informative session on what you need to know so you can best adapt to this new environment and thrive.

Hawaii’s Small Credit Union Roundtable
Thursday, July 9, 2020
9:00 am – 12:00 pm
This session is available to member credit unions at no charge


Registration deadline EXTENDED: Tuesday, July 7, 2020

final mike schenk9:00 – 10:00 am Key Implications for Financial Stability
Mike Schenk, CUNA Chief Economist

Reveal insights and forecast of what credit unions can expect and provide information to help with managing economic and operational challenges.
Highlights will include:
• Baseline assumptions
• Economic growth forecast
• Vulnerable consumers
• How will credit union operations look going forward?

Mike Schenk is Deputy Chief Advocacy Officer for Policy Analysis and Chief Economist for CUNA and conducts economic research and supports CUNA's public relations and advocacy efforts. His analyses regularly appear in trade publications such as Credit Union Magazine. He also is a frequent contributor to the financial media. He serves on the board of Summit Credit Union in Madison, Wisconsin - a $3 billion financial cooperative with over 160,000 members. He serves as Board Chair and also has Chaired the credit union's Asset-Liability Management and Risk Management/Internal Audit Committees.

final tom sakash10:00 – 11:00 am Identifying Your Credit Union’s Strategic Focus
Tom Sakash, CUNA Manager of Small Credit Union Initiatives

Share case studies of several credit unions who have successfully identified a new niche that has helped them grow and become more relevant to their members and communities. These stories will leave you energized for your next strategic planning session where you will want to ask yourself “What is possible for our credit union? What other opportunities are there for us?”

Tom Sakash is the Manager of CUNA Small Credit Union Initiatives. Sitting at the national cross-section of both the challenges and opportunities facing small credit unions, he leverages his knowledge of small business, keeping economies local, and the cooperative spirit to form connections as he works to build a culture of collaboration among small credit unions across the country. Tom is a former newspaper reporter from Northern California where he covered city government, small business, and entrepreneurship. Before taking over CUNA’s small credit union initiatives he was part of the team that launched CUNA’s Credit Union Awareness Initiative.

11:00 – 12:00 pm A Valuable Tool to Expand your Credit Union Impact in the Communities you Serve
Pablo DeFilippi, Inclusiv SVP of Membership and Network Engagement
Terry Ratigan, Inclusiv Senior Consultant

final pablo defillipiThe economic crisis triggered by the pandemic highlights the role of credit unions as financial first responders. The crisis has also exposed the inability of mainstream banks to reach minority communities in desperate need for Payroll Protection Program loans to stabilize micro and very small businesses. At the same time CDFIs have emerged as an alternative platform to inject resources in communities large banks are unable or unwilling to serve. The CDFI Fund has become the single most important source of external funding for credit unions. Since its inception 25 years ago, it has provided almost $400 million in technical and financial assistance grants. In addition, the CDFI certification makes credit unions eligible to participate in other programs and opportunities, such as the Community Development Capital Initiative run by the US Treasury Department in the aftermath of the great recession through which 48 credit unions received almost $70 million in secondary capital loans. This year, CDFI credit unions were given preference to participate in the SBA’s PPP.

Pablo DeFilippi leads Inclusiv’s membership development and engagement strategies and manages Inclusiv/Network, a network of community development finance practitioners that provide valuable consulting services to CDCUs. Pablo has more than 20 years of experience in community finance, working with regulated financial institutions both in the domestic and international arena. Originally from Chile, he came to the US in the early 90s and almost immediately became involved in credit unions.

final terry ratiganTerry Ratigan serves Inclusiv as a Senior Consultant and is a leading analyst of credit union performance and impact in low-income and underserved communities. In 2010 he developed a statistical methodology to evaluate credit union activities in CDFI Target Markets and eligibility for CDFI certification that has been used for hundreds of credit union certifications to date. An adapted version of this methodology served as the basis for the 2011 revision of the NCUA Final Rule on Low-Income Designation and CDFI Fund guidance on target market analysis. In 2013 he developed the Capacity and Community Development Index to help credit unions increase their impact through the targeted expansion of products and services that are highly valued in low-income and emerging markets.

Web Conference Platform and Instructions
Instructions to test and connect to this video conference will be emailed to the email address used during registration. Handouts will be available after this session.

The platform used will be Zoom (a web-based video conference) and requires:
• Internet access
• Computer/device with video (webcam) and audio (speaker & microphone)
• Optional audio: telephone to connect

This session allows audio and other information sent to be recorded. By joining this session, you automatically consent to such recordings.