CUNA's America's Credit Union Conference kicked off in San Francisco Monday.

Pat Keefe, vice president of communications, said 1,200 attendees are expected to attend the event this week.

Keefe said that figure is down a bit from last year's conference in New York City, but consistent with attendance at other venues over the last four years.

John Magill, executive vice president of government affairs and special assistant to the president, said attendees are positive about the future despite the current regulatory environment for credit unions.

“The nation is in a bit of a funk, so it's encouraging to witness credit union advocates gather to promote the credit union difference and prepare to celebrate 100 million memberships in the coming weeks,” Magill said.

“Our challenges with risk-based capital and regulatory burdens are significant, but the 1,200 gathered here in San Francisco this week are positive, motivated to succeed and full of the cooperative spirit,” he added.

Keefe said the NCUA's proposed risk-based capital rule would be discussed at length during the conference.

“We're looking forward to some pretty good dialogue,” he said.

Cybersecurity, interest rate risk and mobile technology are other key topics featured at breakout sessions taking place at the event.

Keynote speakers at the conference include author and former Navy SEAL Marcus Luttrell as well as Steve Farber, author and president of Extreme Leadership, Inc.