NACUSO 2010

NACUSO LogoThe NACUSO 2010 Annual Conference is nearing its end already. As is frequently the case with solid credit union conferences, we’ve been going non-stop since our arrival on Sunday.  We’ve had Gary Mangiofico from Pepperdine, John Fish from AstraZenca and Michael Taylor from Schelling Point, with more to come tomorrow. Rather than even try to update everyone on the presentations, go check out the Twitter feed from the conference. A few of us have been live blogging when possible and it’ll give you great insight into some of the discussions going down. As a side note, conference organizers should put all of the speakers’ presentations on Slideshare so everyone can get a copy of them.

As is usual with NACUSO, the caliber of people that this conference attracts is amazing. These are hands down, the most innovative and entrepreneurial people in the entire credit union industry. The things that people at the conference have been able to accomplish is amazing. Ongoing Operations of Hagerstown, Maryland, for example, won the 2010 CUSO of the Year award for their outstanding disaster recovery services. They have over 125 credit union clients and 20(ish) credit union owners in the actual CUSO demonstrating what real collaboration can accomplish.

The theme NACUSO has been driving home is collaboration and innovation throughout the whole week. The speakers have really brought home many of the concepts and done a great job talking about the good, and the bad, of collaboration and innovation.

Check out CU Times for for some more coverage from Michelle Samaad and don’t forget to check out the Twitter feed. Make sure to try and make it a point to attend next year. Who knows, maybe we’ll get a crash together for it…

Introducing Numbers

Numbers

Welcome to Numbers, CU Innovators call report data solution.

While the NCUA has been providing call report data for many years, it has always been structured in such a way that makes it problematic to use unless you were a database administrator. There are a few others solutions available to the enterprising user, but none give the flexibility required for a custom reporting solution or web application. Wading through the details every quarter to update Excel spreadsheets is monotonous and takes up valuable time. With Numbers, all that is a thing of the past.

Built on a high-availability database architecture, Numbers is readily available online to be integrated into almost any tool you can dream up.

Internal credit union reporting
Peer comparisons
Merger analysis
CUSO market research
Credit union industry trends
Custom web applications

Numbers has been integrated into websites to demonstrate the effectiveness of a product to potential credit union clients. It has been used for peer comparisons and analysis to determine high performing credit unions. It is currently being built upon to create an impact analysis for potential clients of a CUSO. The list goes on and on.

What, do you say, could I use this for? The NCUA call report contains a large amount of data, including the asset size of every federally insured credit union. It has the url of their website, which online banking provider they use, how many employees they have, who the CEO is, and how much fee income they produced in a given quarter. There is so much information, in fact, that we’ve created a searchable data dictionary (PDF) to help you wade through it all.

Numbers has a large variety of uses and is only limited by your imagination. If you have any idea of how you’d like to use Numbers, drop us a line. We’d love to help you out! For more info, visit the Numbers product page.

Free Things IT Can Do Webinar

We just finished up the first webinar with CU Tech Talk on Free Things IT Can Do to Improve Efficiency and Member Satisfaction. Here’s the presentation for those interested.

Click here to download the PDF version of this presentation.

Mica and Leggett to form new consulting company

Dan Mica and Keith LeggettDan Mica and Keith Leggett have announced today that they will be forming a new consulting company to assist credit unions and banks with strategic planning and political efforts.

Dan Mica announced his retirement plans in late 2009, but has been tight lipped about his destination until now. As a former Congressmen, Mica has very unique insight into how the political process works and how best to accomplish the goals of an industry. Keith Leggett, a senior economist with American Bankers Association, has been critical of credit unions and the NCUA in the past, especially in regards to business lending, corporate credit union issues, NCUA governance, and field of membership restrictions. In reference to the recent creation of a new low-income designated credit union, Leggett had this to say, “…I guess being a rogue agency is part of NCUA’s culture.”

While some may be initially shocked that such an avid credit union supporter would be joining forces with what many describe as an enemy of the credit union industry, the combination of their unique skill sets could be advantageous for credit unions and banks.

It will be interesting to see how this plays out in the industry. With Mica partnering with Leggett, could it be viewed as him jumping ship and getting in bed with the ABA? On the other hand, Leggett may be viewed has suddenly having a soft heart for credit unions. Either way, the pair will have a tough boat to row, potentially polarizing any potential clients. The industry will watch with anticipation once the company is launched in January 2011.

Here’s the full press release.