LAS is back from the 1 Credit Union Conference – Las Vegas, NV

19 July 2010 No comments

LAS is back from The 1 Credit Union Conference in Las Vegas, NV.  The international community was there in full force.  Every session was jammed pack and it was very upbeat. The conference was held at the MGM Grand Hotel in Las Vegas, NV from July 11th, 2010 – July 14th, 2010. The conference had a great turnout with over 2,000 attendees representing over 55 countries throughout the world. These countries included:

  • Australia
  • Liberia
  • Azerbaijan
  • Macedonia
  • Bahamas
  • Malawi
  • Barbados
  • Mexico
  • Belarus
  • Moldova
  • Belize
  • Nepal
  • Bermuda
  • New Zealand
  • Bolivia
  • Nigeria
  • Botswana
  • Panama
  • Brazil
  • Papua New Guinea
  • Cameroon
  • Paraguay
  • Canada
  • Peru
  • Cayman Islands
  • Philippines
  • Chile
  • Poland
  • Colombia
  • Russian Federation
  • Congo
  • Rwanda
  • Costa Rica
  • Saint Kitts and Nevis
  • Dominica
  • Singapore
  • Dominican Republic
  • South Africa
  • Ecuador
  • St. Vincent
  • El Salvador
  • Swaziland
  • Ghana
  • Thailand
  • Guatemala
  • Trinidad and Tobago
  • Guyana
  • Uganda
  • Honduras
  • Ukraine
  • India
  • United Kingdom
  • Ireland
  • United States
  • Jamaica
  • Uzbekistan
  • Kenya
  • Zimbabwe

Some interesting points to note:

Credit Union Activity

  • Approximately 2,207 CUs report an MBL on their 5300 report
    -Small % of MBS CUs driving the volume
  • Credit unions have $35.6 billion in outstanding MBLs as of Q3 2009
  • States with the most MBL’s outstanding: CA $8BN, NY $3BN, WI $2BN

Most overlooked activities in MBL

  • Business Plan
  • Staffing
  • Cultural Challenges
  • IT systems

See attached for more details The One Credit Union Conference Business Lending