Aug. 29-Sept. 1

Westin Gaslamp Quarter Hotel, San Diego



Monday, Aug. 28:

NASCUS Board meets (Santa Fe 2nd Flr)

Tuesday, Aug. 29:

8 -- 11 a.m.: PSC Meeting (Plaza C 2nd Flr)

11 a.m. -- 1:15 p.m.: Legislative and Regulatory Committee Meeting (Plaza AB 2nd Flr)

1:30 -- 2p.m.: Education Committee Meeting (Plaza C 2nd Flr)

2 -- 2:30 p.m.: NISCUE Committee Meeting (Santa Fe 2nd Flr)

3 -- 5:15 p.m.: State Regulator Meeting (regulators only) (Plaza Room 2nd Flr)

6 -- 7:30 p.m.: Welcome Reception (Harbor Terrace, 3rd Flr)

Wednesday, Aug. 30:

7:30 a.m. -- 4 p.m. Registration and information desk open (California Foyer 2nd Flr)

7:30 a.m.: Continental breakfast for attendees (California Foyer 2nd Flr)

8:30 a.m. -- Noon: General Session (California Ballroom AB 2nd Flr)

Noon -- 1:15 p.m.: Luncheon (for all attendees) (California Ballroom C 2nd Flr)

1:30 -- 4 p.m.: General Session (California Ballroom AB 2nd Flr)

  • Economic Outlook (Dwight Johnston, Chief Economist; CCUL/NCUL )
  • The Fed has raised the funds rate three times in six months and indicated this is a midpoint to the end goal. But there are questions about inflation and the ability of the economy to sustain forward momentum. In this session we’ll discuss the economic outlook and the odds the Fed will complete its mission. (presentation here)

  • The Future of the Corporate System (Panel discussion: Francois Henriquez, Schutts Bowen; Bradley Long, Executive Vice President of Finance, First Florida Credit Union; Nicholas Fanning, SVP/Chief Financial Officer, Corporate Central CU)
  • NCUA has suggested that the time has come to re-evaluate whether the corporate credit rules should be relaxed. The prospect of revisiting NCUA’s corporate credit union rules raises questions for the CU system. The panel discussion will explore issues related to the future role of the corporate credit union system, the lessons learned from the recession, and the various paths forward.

  • Antiquity or Necessity? Evolving FOM (Dennis Dollar, Dollar Associates, LLC)
  • NCUA’s back-to-back rulemaking on FCU FOM has re-ignited discussions related to FOM. How broad is too broad? Or, is FOM an antiquated concept? This discussion will explore issues related FOM and what it will look like in the future. (presentation here)

4:15 -- 6:15 p.m.: Interagency Dialogue for State and Federal Regulators (regulators only)

Thursday, Aug. 31:

7:30 a.m. -- 1 p.m.: Registration and Information Desk Open (California Foyer 2nd Flr)

7:30 a.m.: Continental breakfast for all attendees (California Foyer 2nd Flr)

8:30 a.m. -- Noon: General Session (California Ballroom AB 2nd Flr)

Noon -- 1:15 p.m.: Regulators and Council Annual Meeting Luncheon (presentation here)

1:30 -- 4 p.m.: General Session (California Ballroom AB 2nd Flr)

  • State of the State Credit Union System (Lucy Ito, President and CEO, NASCUS) (presentation here)

  • NACUSO – The Next Big Idea Winner (Guy Messick, Partner, Messick Lauer & Smith; Kristopher S. Kovacs, President and CEO, Coastal CU)

    Exploring the Future of Banking Platforms: Kris Kovacs (@ManagementBytes on Twitter) is the President and CEO of Constellation Digital Partners a brand new CUSO building the first open fintech platform.  Constellation won the Best New Idea Competition at NACUSO.  We will hear the story of this unique collaboration and how this patented solution promises to change banking. (Messick presentation here) (Kovacs presentation here)

  • Marijuana Issues on the Horizon for 2017 (Sundie Seefried, CEO, Partner Colorado Credit Union)
  • Will the Justice Department go to war with the states that have legalized marijuana or stand down? Across the country, credit unions and regulator continue to handle issues related to the banking of state licensed marijuana businesses and their ancillary service providers. Whether your state has legalized or not, these issues confront everyone. This session will focus on all of the issues related to state legalization of marijuana. (presentation here)

5 -- 6 p.m.: Cocktail reception (California Ballroom C)

Friday, Sept. 1:

7:30 -- 11:30 a.m.

7:30 a.m.: Continental breakfast for attendees

8:30 -- 11:30 a.m.: General Session (California Ballroom AB 2nd Flr)

Over the last year, we’ve seen significant developments in the community-banking industry’s challenges to credit unions’ lending practices. Two cases in particular have taken center stage: Independent Community Bankers of America (ICBA) v. NCUA and American Bankers Association (“ABA”) v. NCUA.

The ICBA case, which focused on participation interests in loans to nonmembers, resulted in a significant victory for credit unions.
The ABA case, which focuses on field-of-membership expansion, remains pending.  We will discuss the implications of this litigation for the credit-union industry, including, among other things:

    • What regulators need to know about the litigation.
    • How the litigation could affect lending practices.
    • What measures regulators can take to address changes stemming from the litigation.

11:30 a.m.: Summit adjourns

*Subject to change