LAS VEGAS–The Underground will be holding its newest “Collision” on Oct. 22-23 as part of what it is calling a “2Xperience,” and for the first time it is partnering with the Kinecta FCU board as part of the event.
The Underground, which is put on by Mitchell Stankovic & Associates, is being held in conjunction with the Money 20/20 Conference in Las Vegas.
“There are many challenges ahead for credit union board governance as our industry consolidates and digital innovation drives the future,” Mitchell Stankovic said. “There will be opportunities to invest in technology funds, preview startups, and to combine our collaborative efforts to scale business ventures. There will be issues that will test our commitment to people helping people when we know through transactions that people may do themselves or their community harm. Yes, we are not going to shy away from those conversations – there is no right, there is no wrong, only facilitated conversation on critical topics.”
The Critical Topics
Mitchell Stankovic said those critical topics will include:
- Future shock about Fintechs as competitors and as partners. “ROI or OH MY? Venture Capital funds that are partners to the CU space that may just put the traditional model out of business.”
- Human & Digital Intersectionality, A moral dilemma. “Insights into the data, trends, potential mental health issues that are identified by transactions. Is it a problem? Not our problem? Or, collect the income because we can’t legislate behavior.”
- CU Rise Up – Next Gen Boards & Realities of Diversity. “The country is becoming more diverse, and our governance models must reflect the realities of this transition. Consumers want authentic, efficient and access for all. Loyalists want that too! It’s a generational thing!” the company said.
- Envision Money 2030. “It ain’t about next year or even three-year strat plans cause the pace of change will leave CUs behind. What will the FI world look like by the end of the decade?”
Adding a Voice
“We want to add our voice to the future of Fintechs and collectively unite our credit union colleagues in an experience like no other,” said Jeff Yonemura, board chair of Kinecta FCU. “We hope you, your board and your executives will join us.”
The meeting will be held in the Prestige room on the 36th floor of the Venetian Hotel.
For info, go here.
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