Regulatory compliance risk is increasing due to a myriad of factors, some obvious and others not so. We also see a concerted push for more intense compliance exams.  During this session, we explore what credit unions must understand and do in order to thrive in this environment.  We discuss how the current administration and regulatory agency actions impact credit unions.  We also examine specific regulatory compliance requirements that are the focus of examiners, including FCRA, EFTA, BSA, UDAAP and advertising compliance.  

This session will introduce the basic requirements of both cash flow and fair value hedge accounting by exploring common strategies employed by Credit Unions. We will explore how the current low rate environment is impacting these hedge strategies, talk about rate fluctuations and how that impacts not only the derivatives, but just as importantly the hedged items and look at what's on the horizon including LIBOR's end. Background information will include a cheat sheet of commonly used terms as well as descriptions of the two most common hedge instruments.

How has the Covid-19 pandemic changed the credit union operating model?  

The panelists in this session will provide their insights on how the pandemic is impacting credit unions, and importantly the opportunities that lie ahead. They’ll discuss topics such as the remote workplace, new directions in strategy, coping with interest rate volatility, budgeting in an uncertain environment and capital deployment. Recognized industry experts, Julie, Rob, Steve and Mike will draw on their vast experience and share insights gained from both their CFO and consulting perspectives. This session will challenge your thinking to not just survive the current challenges, but to find ways to thrive in this new operating environment.

Machine learning is transforming credit underwriting by using advanced math and large data sets to quantify risk with more nuance and precision. More credit unions are using ML to expand their footprint and drive higher levels of automation in their lending, especially as more members seek to transact through online channels. This session will assess the use cases, benefits, regulatory concerns, and challenges of using ML, especially in the underwriting process.

This session is designed by two well-seasoned auditors to discuss those areas of accounting that keep you up at night. We’ll cover those accounting areas that can present difficulties for both the client and the auditor. Areas covered include pension plans, troubled debt restructured loans, other real estate owned, alternative investments, and COVID-19 issues. Please join us for this session.

In this session we will discuss the impact of payment deferrals, forbearance and other loan assistance programs on you portfolio and CECL allowance calculation. We will provide a framework for incorporating these programs into your credit modeling and allowance calculation to generate an estimate of the impact on expected credit losses. Separate consideration will be provided for commercial and retail books.

Key technology developments are playing an important role in helping credit unions and other finance professionals keep in step with evolving demands, especially as business models shift further to remote work and virtual processes.

Many credit unions have already been able to take advantage of those advances to simplify and streamline their compliance efforts, using RIVIO Clearinghouse to do their yearly, source-validated, audit report exchange with NCUA examiners.

Join us for a discussion of audit report delivery evolution and an up-close look at RIVIO Clearinghouse, the online platform enabling credit unions to gain more control of NCUA compliance, increase efficiency, prevent fraud, and ultimately, increase trust with key stakeholders.

Maintaining a disciplined approach to portfolio management may be more critical than ever as the current economic environment continues to evolve. A thoughtful investment process should lead to more consistent and predictable earnings from the fixed-income portfolio. This session will discuss the key components of a process that goes well beyond just picking a bond, as well as digging deeper into some of today’s challenges.

Cannabis Banking requires a great deal of preparation ranging from third party support to regulator acceptance.    This session will walk attendees through project preparation and a series of key considerations  to implement a safe and sound cannabis banking program.   The presenter, who developed the Safe Harbor Private Banking program in 2015, will base her information on 6 years of experience and 15 federal and state examinations that scrutinized the safety and soundness of BSA processes associated with cannabis banking.  Likewise, the session will provide insight for clients that are seeking to bank within a compliant cannabis banking program and what differences they could expect.   It's not easy, but it is possible!