Breakfast of Champions (limited to the first 200 paid registrants)
Sponsored by:
How reliant are credit unions
on fee income versus banks?
How do credit union
operating expenses compare
to banks’ expenses? Just
how do you stack up to your local bank
competitors? The community bank down
the street has this analysis. Do you?
Unless credit unions get the answers to
questions like these, they’ll be at a big
competitive disadvantage, says Hollar. In
this session, she’ll pull apart bank and
credit union ROAs, set them side-by-side
and explain some eye-opening differences
between them.
Most credit unions have a strategic plan, but they don’t
tie that plan to creative
strategy. That’s a big mistake.
Marketing can be fun and
exciting, sure, but if it’s not tied to your
strategic plan, it’s not going to help with
that plan. It might even get in the way.
Everyone on the credit union staff needs to
have the same vision, and that includes the
marketing staff, Kawulok says.
In this session, industry vet and marketing
consultant Lori Kawulok will detail some
of the latest trends in post-recessionary
marketing and she’ll show you how to
hitch a supercharged marketing effort to
your CU’s strategic plan.
What, exactly, is ERM
supposed to do? What is
ERM’s value proposition?
Can it help credit unions with
pivotal, perennial issues, like
strategic planning, capital concerns or
budget management? Yes, says Tony
Ferris, ERM does have significant practical
value. This isn’t a regulatory exercise, he
says. Credit unions can use ERM to deliver
real, measurable results. In this session,
Tony will demystify the ERM process.
Come and learn how ERM can:
- drive competitive advantage;
- produce sustained profitability; and
- boost growth.
You’ll also hear from a credit union CEO who’s recently adopted ERM. If you’re interested in ERM, but want to know how a program like this can deliver practical benefits, this is the session for you.
It’s complicated and
hard-to-read. There’s a
ton of it and a lot more on
the way. Nobody likes
financial regulation, but
credit unions have to stay on top of it.
Credit unions need a system for getting
regulatory information and processing it
themselves.
In this session, you’ll get an overview of
the latest credit union-relevant changes
in the regulatory universe and you’ll learn
how your credit union can stay on top
of the constant flow of information and
regulation from Washington.
The Great Recession
made lending very hard
for everyone, but a
handful of credit unions
managed to thrive
anyway. A small, select group grew
their consumer lending portfolios by
at least 5% per year in the teeth of
the recession – 2008 through 2010.
How did they do it? None can credit a
single big idea/secret/breakthrough.
Rather, each credit union excelled in
several aspects of the lending
process. And those smaller
accomplishments, done well and
consistently, added up to big lending
success, Filene’s Ben Rogers
explains. Join Ben for the lessons you
can take away from these impressive
lending success stories.
Setting a methodology for
allowance for loan and lease
losses – that’s the CFO’s
business, right? Wrong. ALLL
can have a huge impact on
your CU’s risk profile and capital levels and
that’s why the NCUA and state examiners
are asking directors to answer for their
CU’s ALLL methodology. In this session,
CPA JoAnn Cotter will detail:
- what you need to know to understand your CU’s ALLL methodology;
- the accounting principles behind it; and
- how those principles are interpreted by different parties.
Christian Zernich, President, Executive Benefit Solutions
John Sinclair, Vice President, Executive Benefits Solutions
Executive Benefits solutions has developed a turnkey platform to help you pre-fund a credit union’s employee benefit obligations and take control of your escalating employee benefit costs . . . today. We can help you analyze your current employee benefit situation and plan a pre-funding strategy, working closely with you and your examiners to help make your plan federally and/or state regulatory compliant, while striving to help you make the suitable funding choices for your situation. Discover how your credit union can potentially avoid decreasing your employees’ benefits coverage, increasing deductibles and raising co-pays with implementation of an Employee Benefits Pre-Funding Program.
Industry experts agree that the
future of the financial services
industry over the next ten
years will undergo dramatic
change, with increased
non-traditional competition, the explosion of
virtual channel management and increased
regulatory control. The physical branch in
2020 will be a multi-sensory dynamic retail
environment and will be supplemented by
multi-channel alternatives ranging from
mobile and Internet banking to social media
channels that target specific consumer
segments promoting stronger and deeper
relationships to ensure continual profitability.
Consumers today demand customized
products and services and the retail
environments of tomorrow must deliver an
exceptional Total Consumer Experience.
Today’s banking environments must evolve
to meet the future demands of consumers
tomorrow. See how the financial services
industry is repositioning itself to meet the
shifting demands of consumers and learn
what you’ll need to do to position yourself
as a market leader.
Effective risk oversight
begins with a solid
understanding of the nature
of the board’s responsibilities
in overseeing risk. As your
credit union begins its strategic planning
process and looks for new growth
opportunities, it is important to conduct an
evaluation of current risks and identify
potential emerging risks.
In this session we will discuss the benefits
and strategic importance of risk oversight
at the board level. We will specifically talk
about top risks faced by credit unions today,
Key Risk Indicators, and steps you can take
now to develop a risk oversight policy.
Don’t underestimate the
impact of the board on a
credit union’s fortunes.
Board performance and
accountability are
fundamental to credit union success – and
that’s why success-minded credit unions
need to evaluate board performance, says
Rochdale’s Towle.
In this session, you’ll learn the key
components of board performance and
effectiveness. In this session, Towle will:
- lead attendees in an active discussion on how to best evaluate the effectiveness of their board; and
- review strategies and tools the board can use to improve its own performance.
BONUS: The session will also focus on the “balanced scorecard,” a concrete method credit unions can use to review current and future board performance.
The marketplace for financial
services has shifted
significantly and credit
unions feel it. The business
of making loans and taking
deposits has largely been a money losing
proposition for some time. But now,
Americans are borrowing less and saving
more. In the meantime, fee and other
non-interest income, which accounts for
much of the industry’s profit, is under
siege. Credit unions have to look at their
basic business model and determine what
changes, and perhaps significant and
controversial changes, will be required to
create profit and guarantee survival –
changes that might test the ability and
resources of many credit unions, Tim
Harrington says. This course will discuss
changes credit unions need to make to
ensure they have the profit they need.
You can’t ignore the
demographics. In the next
five years, more than a
quarter of all credit union
CEOs will reach retirement
age. This pace of potential retirees is
expected to continue over the next 19
years, as each year of the baby boomer
generation (born 1946-1964) reaches age
65. Is your credit union prepared? Credit
unions that aren’t ready may not outlast
the departure of their key executives.
Join CUNA Mutual Group’s Scott Albraccio
for a review of executive retirement solutions
and make sure your credit union is ready to
meet the evolving needs of top leadership.
In the last few years, the
NCUA exam has changed
immensely. The agency
insists on more frequent
exams and NCUA examiners
have been tougher on credit unions in
those exams. Those examiners are probing
more deeply into more aspects of credit
union operations and they’re more likely to
resort to administrative action. And what’s
more, they’re demanding much more
engagement from the board.
Credit unions can’t afford to be surprised
in their next exam. Join the NCUA’s
newest head of examination for a frank
talk on the changing credit union exam
and what the NCUA will expect from you at
your examiners’ next visit.
One year on, all credit union directors should know about the NCUA’s fiduciary literacy requirements. But do you know how those requirements have changed director liability? Patricia and Charles will delve into the nature of director liability and how the NCUA’s brand new standard for director competency changes it. This session will cover:
- Director fiduciary duties, including duty of care and duty of loyalty
- Financial literacy requirements
- Director reimbursement guidelines
- Educational requirements
- Director liability and business judgment rule
Corporate assessments, business lending restrictions, field-of-membership restrictions. Is a tax-exemption worth all the drawbacks? Shouldn’t you want to find out?
If you would like to know more about the advantages and disadvantages of the mutual savings bank and credit union charters, this session is for you. Kent and Richard will also explain the regulatory process for converting from a credit union to a mutual savings bank charter.
BONUS: You’ll also discuss case studies of recent and current conversions.