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2012 Spring Event: Using the LRO to our advantage

2012 Spring Event
Using the
Legislative Reform Order
to our advantage
Thursday, 19th April 2012
Gateway Conference Centre, Liverpool
In association with Community Enterprise Support & Solutions
Put this event in your diary and pass it on to anyone you believe may be interested.
Places are limited so, to ensure that you don't miss this opportunity,
please complete the registration form as soon as possible.

About the event

"I want to see credit unions grow to meet the needs of their members and communities they serve. The LRO is key to that and I am pleased that it has now passed through Parliament. I look forward to hearing how credit unions will use these new powers when they come into force in January (2012)."
Mark Hoban MP, Financial Secretary to the Treasury, November 2011.

The long awaited Legislative Reform Order (LRO) came into force on 8th January this year. The changes to the Credit Unions Act 1979 will allow credit unions to further develop their services and increase their membership.

The LRO will for example:

  • enable credit unions to accept new types of members, such as partnerships and limited companies;

  • allow interest to be offered on deposits; and

  • amend the common-bond and membership requirements to allow for expansion, consolidation and mergers.

Participants at this event will be encouraged to share their ideas and thoughts on how their credit union are taking advantage of the opportunities that the LRO has provided them with. A number of specific reforms will be assessed in facilitated groups.

This will be achieved by considering:

  • what they have developed so far ... ?

  • what plans do they have for the future ... ?

  • what are the implications for members?

  • what are the implications for staff and resources?

Benefits of attending

  • Gain a better understanding of what the LRO can do for your credit union.

  • Receive an overview of the experiences and challenges from credit unions that have already made changes.

  • Take part in an interactive discussion and share the progress of your own ideas and progress so far.

  • Identify what will be the challenges to be faced by your credit union.

  • Be more appreciative of the implications for your members, staff and volunteers.

Who should attend?

Representatives from credit unions including:

  • Members

  • Volunteers

  • Staff

  • Directors

  • Trainers and Consultants

Programme

09.30Registration and Refreshments
10.00Welcome and Introduction to the sessions
10.10"What the LRO has given us" - Guest Speaker
10.40Table sessions:

  1. Corporate Memberships

  2. Savings, including Deferred Shares

  3. Products e.g. ISAs, Business Loans

11.40Refreshment Break
12.00Table sessions rotated:

  1. Savings, including Deferred Shares

  2. Products e.g. ISAs, Business Loans

  3. Corporate Memberships

13.00Networking Opportunity and lunch
14.00Table sessions rotated

  1. Products e.g. ISAs, Business Loans

  2. Corporate Memberships

  3. Savings, including Deferred Shares

15.00Refreshment break
15.15Plenary session and the Way Forward
16.15Closing remarks

NACUW’s Training & Consultancy Programme

For further details please see: www.nacuw.org.uk/training

For further information contact 07773 913015 or .

As always, this NACUW Event will provide an invaluable opportunity for all those involved in the management, development and day to day running of credit unions to:

  • share experience and best practice through a range of workshops and discussion sessions

  • learn more about new developments and the legislative changes from guest speakers

  • network with and learn from other credit union workers from around the UK

  • learn more about NACUW's training and development activities