Cooperative Finance Leaders for America (CFLA) Overview of CFLA - - PowerPoint PPT Presentation

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Cooperative Finance Leaders for America (CFLA) Overview of CFLA - - PowerPoint PPT Presentation

Cultivating New and Emerging Leaders in the CDCU Movement Cooperative Finance Leaders for America (CFLA) Overview of CFLA History CFLA Pilot Structure Week-long Training Talk to the Fellows Lila Phimmasone- Genesee


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SLIDE 1

Cultivating New and Emerging Leaders in the CDCU Movement

Cooperative Finance Leaders for America (CFLA)

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SLIDE 2

Overview of CFLA

  • History
  • CFLA Pilot

Structure Week-long Training

  • Talk to the Fellows

Lila Phimmasone- Genesee Coop FCU Lauren Hudson- Bethex FCU/Federation Monique Dunbar- CU of Atlanta

  • CFLA 2014
  • Questions
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SLIDE 3

The Need

Credit Unions lack young members

  • Average Age of CU member is 47
  • Average Age of bank customer is 35

CDCUs face even more challenges

  • Average manager is near 60
  • Retirement of founders/visionaries

CFLA looks for the new thought leaders

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SLIDE 4

Renewed Interest in Cooperative Finance

  • Occupy Wall Street
  • Impact Investing and Occupations
  • Asset Building Models
  • Cooperative “Explosion”
  • Ethics in Banking
  • Mark on the planet
  • Paying it forward
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SLIDE 5

CFLA Pilot

  • Funded by generous grant from Citi Community

Development Foundation

  • Fellows would come from the following groups:

Recent college and graduate school graduates Returning military personnel Early and mid-career professionals Young professionals looking for a career in the cooperative sector Displaced workers People looking for a career in community development finance

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SLIDE 6

CFLA Pilot

Credit Unions

  • Commitment to providing a positive work

and learning environment

  • Six-month Action plan
  • Supervision and mentorship
  • Increasing Responsibility for projects
  • Opportunity for creativity
  • Flexibility
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SLIDE 7

CFLA Pilot

Fellows

  • Professionalism and Dedication
  • Commitment to work
  • Creativity
  • Practical knowledge
  • Flexibility
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SLIDE 8

CFLA Curriculum

  • Financial Statement Analysis
  • Marketing
  • Internal Controls and Risk Management
  • Community development finance
  • Lending
  • Credit Union Rules & Regs
  • Leadership Development
  • CU History & Philosophy
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SLIDE 9

Professor Charles Alison , New School

Professor Alison teaching at CFLA training in NYC

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SLIDE 10

CFLA Pilot

  • Eleven credit unions participated
  • Ranged in asset size from $100k to

$176M

  • CDCUs represented from NY, GA, TN, FL,

WA, MO and AZ

  • Many CUs used program as a training

program for new hires

  • All the CDCUs were LIDs and 10 were

CDFIs

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SLIDE 11

Fellows Speak

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SLIDE 12

CFLA 2014

  • Grant from Citi Community Development
  • Applications available beginning May 21st
  • Accepting 15 fellows
  • Training in NYC in early August
  • Focus on CDF and Business Lending and

Development

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SLIDE 13

Questions

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SLIDE 14

Thank You!

If you could like more information on the CFLA Program contact Pamela Owens (powens@cdcu.coop) or Jason Chang (jchang@cdcu.coop). Visit the Federation website at (www.cdcu.coop) for an application.

Federation 39 Broadway, Suite 2140 New York, NY 10006 (212) 809-1850