WASHINGTON–During the second day of the Defense Credit Union Council’s “Together in Spirit” virtual annual conference, Michael Kloiber, DCUC chair and president/CEO of Tinker FCU, outlined some of the association’s major accomplishments over the past year.
Despite the challenges posed by the COVID-19 pandemic and transition to working from home, DCUC reported it achieved several major accomplishments, including publishing a new 165-page Armed Forces Financial Guide, releasing a new “Why We Do What We Do Video” that has been co-branded with more than 40 DCUC member credit unions.
DCUC President/CEO Anthony Hernandez also briefed members with an operational update focusing on strategic operations and member advocacy.
New Board Members
During the meeting, three DCUC board positions were filled. Frank Padak, president/CEO, Scott CU, and Jack Fallis, president/CEO, Global CU, were both re-elected to their representative-at-Large positions, while Maggie Sayer, president/CEO, Keys FCU, was elected to serve the remaining balance of the Navy/Coast Guard representative term.
The second day of the virtual annual meeting ended with Credit Union Liaison Officer Updates from Navy Banking Liaison Officer John Wynn, as well as Air Force Banking Manager Michael Windsor and Liaison Officer Robert Burke.
Navy Update
DCUC reported the Navy Banking Update focused on the additional challenges to day-to-day operations during the pandemic and how credit unions are working with installation leadership, funding constraints to support the program, and timing for future Navy Distinguished Credit Union of the Year Awards. Wynn also congratulated the 2019 winners, Sea Air FCU and Navy FCU.
Wynn closed the meeting by highlighting an OSD memo regarding leases and reimbursements that has raised many questions from on-base credit unions, noting that the Navy is still seeking guidance and clarification, DCUC said.
Air Force Update
In a simultaneous session, Windsor thanked the Air Force credit unions for all the excellent work that they have done for financial education. He noted that Air Force credit unions are doing a great job partnering with on-base services and providing opportunities through webinars and video training during this time.
Windsor also covered commercial sponsorships and enforcing the one bank/one credit union policy. He continued with a brief discussion on on-base operating agreements, many of which are up for renewal and re-solicitation, DCUC said.
Finally, Windsor discussed the Air Force Distinguished Credit Union of the Year Award and what they look for in application packages, underscoring the need for specific details.