|Sharon Lindeman, Vice President of Regulatory Advocacy for the California and Nevada Credit Union Leagues|
LEADING THE CHARGE IN REG ADVOCACY
updated 03/25/13 02:12 PM
Leagues Fill Key Position
In a direct response to members' increasing concerns about regulatory burdens, the California and Nevada Credit Union Leagues recently created and filled a key position to communicate with state and federal regulators on how proposed rules impact credit union operations—and ultimately credit union members.
Sharon Lindeman, vice president of regulatory advocacy for the Leagues, began her new role in mid-March after 21 years of serving in various compliance capacities at SchoolsFirst FCU.
"Our goal is to mobilize credit unions and help ensure their voice is heard in the rule-making process," Lindeman said about her new role at the Leagues. "The more credit unions are involved in the rule-making process and sharing their comments and relevant concerns, the more regulators consider how a regulation will affect the industry."
Her top three objectives are to create and maintain effective relationships with regulators, build upon the timeliness of providing regulatory information to member credit unions, and spearhead the ongoing development of PowerComment. Named for its powerful interface in connecting users with the regulatory comment process, PowerComment is a new online forum currently in its final testing stages that will provide a platform for reviewing proposed rules, asking questions of League staff or fellow credit unions, and instantly submitting personalized comment letters.
"We want to foster involvement in the comment process so we can help shape regulations and minimize their impact to credit unions," Lindeman said. "It's pertinent that credit unions are involved in the regulatory process and have their voice heard. Together, we can improve regulations through expanding involvement in the process."
In her most recent position at SchoolsFirst FCU—manager of operations compliance—Lindeman was active in the regulatory rule-making process, drafting comment letters on proposed rules by the National Credit Union Administration, Consumer Financial Protection Bureau, and other agencies. She held several different compliance and audit positions at the credit union from 1991-2013.
For questions on how your credit union can use the Leagues' resources to play an active, powerful role in the regulatory rulemaking process, please contact Sharon Lindeman at 909-212-6063 or email@example.com.
SAN MATEO CU CEO TO RETIRE updated
08/29/14 04:49 PM
Barry Jolette Served 27 Years
San Mateo CU board of directors announced its CEO Barry Jolette will retire after 27 years of service. He has demonstrated a close dedication to the credit union movement through his various leadership roles on local, national, and international levels. He served as the California Credit Union League Chairman in 1996; and in 1997, he was elected to the Credit Union National Association board of directors and named its chair in 2001 (until 2003)..
NCUF RELEASES ANNUAL REPORT updated
08/29/14 02:44 PM
Activities From Last 12 Months
The National Credit Union Foundation (NCUF) released its 2013-2014 Annual Report, entitled “Improving People’s Financial Lives through Credit Unions.” The report highlights the organization's program and grant activities during the past 12 months.
WEEKLY E-FILING BILL SIGNED INTO LAW updated
08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.
RMJ GOLF TOURNAMENT RAISES 41k updated
08/27/14 12:56 PM
Event Attracts Nearly 100 Players
The Richard Myles Johnson Foundation/CUNA Mutual Golf Tournament, held Aug. 18 at the Newport Beach Country Club in Newport Beach, CA, raised $41,000 for the state foundation for credit unions in California and Nevada.