NASHVILLE-During NAFCU's Annual Conference, Credit Union Journal asked CEOs to share the top concerns facing their credit union.

Lourdes Cortez, CEO, North Jersey FCU, Totowa, N.J.

What is really pressing us today is our net income. We are challenged because our margins are narrower. To address this we have had discussions about growing MBL, and possibly adding insurance. We are also fortunate to have a very aggressive CEO at our league who is working to assist credit unions in the area of net income.

Jack Buttars, CEO, University First FCU, Salt Lake City

Our greatest challenge is one facing so many credit unions--making loans. We are making loans but not enough to cover the runoff, which is high. The challenge is to balance deposits against loan growth. The credit union may do more in the way of member business lending, and may make some strategic changes to how we do direct loans to members.

Scott Wilson, CEO, CEO, SeaComm FCU, Massena, N.Y.

Regulatory burden, for sure, is at the top of the list. There is a ton of legislation coming down that will impact credit unions large and small. We have to put more compliance staff in place, which is difficult at a time we need to tighten our belt. But it will simply take more people to help us get through the thousands of pages of compliance related issues. Next year we will hire a full-time risk manager to focus on compliance.

Jim Johnson, CEO, Hopewell FCU, Heath, Ohio

Membership growth is our issue right now. We are a community chartered credit union in a suburb of a large metropolitan city that has several community charted CUs. Our original SEG, the local air force base, closed, which has hurt membership growth. While the county is doing well economically, there just is a lot of competition.

Michael Parsons, CEO First Source FCU, New Hartford, N.Y.

More loan growth. Our loan-to-share ratio is 80%, but we like it to be 90%. Lending has slowed for us. We know we have to make adjustments, so the next thing for us to look at is member business lending.

Issa Stephan, CEO, First Financial FCU, Wall, N.J.

Our credit union is focused on member business lending and secondary capital. We have reached our business lending cap. Unfortunately, it appears as if nothing will progress legislatively on either of those soon. Therefore, on top-of-mind issues the credit union can try to control, its lending, which is down. We are looking at ways to enhance our non-interest income, and we are looking at a new identity theft protection program for our members-it will help members and generate some additional income for the credit union.

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