February 13, 2012
Dinner Meeting
Key Bridge Marriott

Credit Unions' Leadership Role in an Election Year

Chip Filson, Chairman, Callahan & Associates

The credit union system will report its highest “bottom line” ever for 2011 – over $6 billion added to reserves. Total assets are nearly $1 trillion and credit unions are rapidly becoming the second largest financial system in America. What is their role in a year in which solutions to the country’s most pressing priorities appear to be at polar opposites in the political parties? Can the cooperative model be a solution that can bring all sides together around common social purpose?

Join Chip Filson, Chairman of Callahan & Associates for his unique insight!

Afternoon Educational Session
4:30 - 5:30 PM, February 13, 2012

Buy vs. Lease; Sale and Leaseback


Andy Keeney
Kaufman & Canoles

After personnel costs, the budgets for most credit unions reflect more dollars targeted for fixed assets than any other line in the budget. No wonder fixed assets are such a big deal to NCUA. Should a credit union take advantage of the current real estate market and renegotiate their leases? What about getting the cash out of a credit union building by selling it while staying in place and entering into a long term market lease? Do credit union members care if a facility is leased vs. owned? It is all about saving money on fixed assets in today's most challenging times.

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