(please click ad for more information)

Current News

Relevant Information—For You, By You
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 sharonl@ccul.org.

 
print   email   share   share   share

GAIN EXPERIENCE ON LEAGUE COMMITTEE updated 09/15/14 01:21 PM
Submit Committee Interest Questionnaire
Are you interested in serving a one-year appointment on a California Credit Union League committee?

LEAGUE ADVOCACY BLOG GAINS TRACTION updated 09/12/14 04:13 PM
Sign Up for Alerts
The new Advocacy Blog launched by the California and Nevada Credit Union Leagues in August is gaining steam as more credit union advocacy professionals and others in the industry continue signing up to receive e-mail alerts on important state and federal updates.

FOCUSED ON 'ONE TO ONE' RELATIONSHIP updated 09/12/14 02:01 PM
Printing Industries CU
Susan Conjurski’s biggest hurdle is making sure her credit union keeps a competitive edge with larger financial institutions—a task that’s “quite a challenge,” she says.

PENALTY POLICY: SMALL VS LARGE CUs updated 09/11/14 06:50 AM
Federal Reserve’s Impact
The Federal Reserve’s ultra-low interest rate policy created the desired impact when it was instituted in 2008. Short-term funding costs plunged for financial institutions, allowing them to cheaply fund higher-yielding assets and restore capital.