BRAINERD, Minn. – The National Association of Community Credit Unions' third annual conference held recently in Charleston, South Carolina attracted over 100 attendees. Ray Burnett, NACCU's Chairman and President/CEO of Mid Minnesota FCU, said membership is up 47% this year. The fledgling group is only about three-years old. "Community charters face unique challenges in the financial marketplace, and NACCU delivers real value to them through our shared experience and real life solutions," said Burnett. NCUA Chairman Dennis Dollar spoke at the conference. He noted that NCUA had approved 76 community charter conversions from January through September, and 76 more were in the works. "We could have over 100 this year, and that doesn't include those at the state level." NCUA news of the release of the Deloitte and Touch OTR study broke during the conference while Dollar was still in attendance. Dollar said that for 30 years now the OTR had not been challenged in court, despite the ease of finding attorneys willing to sue the government. "The OTR will always be controversial, but that doesn't make it illegal." Dollar also addressed a number of issues related to NCUA's upcoming budget meetings.
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