2021 AICPA & CIMA Conference on Credit Unions

Oct 18, 2021 ‐ Oct 20, 2021


The Credit Unions Conference provides superior technical and strategic managerial training and offers critical sessions on all the latest changes impacting credit unions.

Surround yourself with professionals that understand your journey:

  • Credit union leaders: C-suite, controllers, accounting managers, internal auditors, and board and supervisory committee members
  • CPAs who audit credit unions
  • Regulators seeking the latest developments

Our sessions and speakers will help you build a framework for decision-making and strategies for continued success.


The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Packages Display Packages

This includes sessions from the conference: 2021 AICPA & CIMA Conference on Credit Unions

Sessions Included:

Providing Safe and Sound Financial Services to the Cannabis Industry (Oct 19, 2021 03:50 PM)

Cornucopia of Emerging Accounting and Auditing Issues (Oct 19, 2021 10:45 AM)

M&A Strategies in the Current Environment (Oct 20, 2021 10:40 AM)

Credit Union CFO Panel - Strategic Issues and What Keeps You up at Night (Oct 20, 2021 11:40 AM)

The Forces Shaping the Banking Industry (Oct 20, 2021 09:00 AM)

Auditing & Assurance Standards Update (Oct 19, 2021 01:00 PM)

Supervisory Committee Audit Guide 2.0 (Oct 20, 2021 10:40 AM)

Toolbox Tune-Up with Derivative Levers (Oct 19, 2021 04:55 PM)

Regulatory Compliance Update and Upcoming Changes (Oct 19, 2021 01:00 PM)

Automation Using Robots: A Credit Union’s Successful Use Case (Oct 19, 2021 10:45 AM)

Auditing Nightmares In the Current Environment (Oct 19, 2021 02:05 PM)

Embracing Diversity, Equity & Inclusion in the Workplace (Oct 18, 2021 02:30 PM)

Emerging from the Pandemic: What Does the “New Normal” Mean for Credit Unions? (Oct 18, 2021 05:15 PM)

Trends in Payments Fraud & Scams (Oct 19, 2021 04:55 PM)

Economic Outlook (Oct 18, 2021 01:00 PM)

Introducing the 2021 AICPA CECL Audit and Accounting Guide (Oct 19, 2021 03:50 PM)

NCUA Regulatory Update (Oct 19, 2021 09:00 AM)

Enhance Balance Sheet Management Through Scenario Planning (Oct 19, 2021 02:05 PM)

CECL Implications for Balance Sheet Management presented by Moody’s Analytics (Oct 20, 2021 08:00 AM)

Building a Strong Foundation for Profitability Analysis, presented by Syntellis Performance Solutions (Oct 19, 2021 08:00 AM)

NCUA Regulatory Update (Replay) (Oct 19, 2021 05:55 PM)

The Forces Shaping the Banking Industry (Replay) (Oct 20, 2021 01:05 PM)

Standard: $379.00

Sessions

CECL in Action: Lessons Learned on 2020 CECL Implementation (Pre-Conference Workshop - Additional Fee)

Oct 18, 2021 10:00am ‐ Oct 18, 2021 12:00pm

Identification: CU21101

For those who adopted CECL in 2020, it definitely was a challenge with the uncertain and dynamic environment. Given the delay from FASB and the pandemic, many credit unions likely hit the pause button on their CECL implementation efforts. There are certainly lessons learned from the 2020 adoption and key takeaways for 2023 adopters. Now that we have a look in the mirror on how CECL performs under severe economic conditions, how does that inform a credit union’s approach to CECL adoption? How are 2020 adopters adapting and maintaining their CECL adoption? Join this workshop for perspectives on implementation and audit approach.

Learning Objectives:
  • Apply lessons learned to implementation plans.
  • Analyze aspects of CECL adoption
  • Evaluate different approaches to comply with CECL
Speaker(s):
Category: Pre-Conference Optional Workshop (Additional Fee)
Standard: $79.00

Economic Outlook iconEconomic Outlook

Preview Available

Economic Outlook

Oct 18, 2021 1:00pm ‐ Oct 18, 2021 2:25pm

Identification: CU2101

Chief Economist Dr. Lindsey Piegza will look at the current state of the economy amid the ongoing pandemic and what it means going forward for overall growth, interest rates and monetary policy. She will cover macro-economic trends in consumer spending and investment, in addition to new monetary and fiscal policy initiatives and the potential economic effects of these changes. She will also examine the changing global and political environment, and how it will affect the economic recovery. Participants will leave this session able to advise management teams on the possible effect of economic issues on their organizations.

Learning Objectives:
  • Analyze macro-economic trends including the health of the consumer, and manufacturing sector
  • Identify federal policy effects and initiatives
  • Assess U.S. growth and rate outlook
Speaker(s):
  • Lindsey M. Piegza, Ph.D., Managing Director, Chief Economist, Stifel, Nicolaus & Company, Incorporated
Category: General Session (Online)
Standard: $49.00

Embracing Diversity, Equity & Inclusion in the Workplace

Oct 18, 2021 2:30pm ‐ Oct 18, 2021 3:20pm

Identification: CU2102

Please join us for an in-depth panel discussion with industry professionals committed to advancing diversity, equity, and inclusion (DEI). Whether your credit union has actively been working to create a diverse and inclusive environment for your employees and members, or are just embarking on its own efforts to more prominently promote DEI among your workforce, this session will offer information for all. Presenters will share experiences, best practices, and actions to assist you in your journey of advancing DEI.

Learning Objectives:
  • Identify tips on how to incorporate DEI as a key component of your strategic plan.
  • Determine effective initiatives/activities to help to advance DEI among your workforce.
  • Recognize how your credit union can better support inclusivity among the mosaic of cultures within your workplace.
Speaker(s):
  • Crystal Cooke, Director - Diversity & Inclusion, Association of International Certified Professional Accountants
  • Allie Braswell, Vice President of Cultural Diversity, Equity and Inclusion, VyStar Credit Union
  • Kevin Kirsch, Diversity, Equity, & Inclusion Director, CliftonLarsonAllen
  • Renee Sattiewhite, CUDE, President / CEO, African-American Credit Union Coalition
Category: General Session (Online)
Standard: $49.00

Emerging from the Pandemic: What Does the “New Normal” Mean for Credit Unions?

Oct 18, 2021 5:15pm ‐ Oct 18, 2021 6:30pm

Identification: CU2104

Our members, employees and communities navigated an unprecedented environment in 2020. Consumer behaviors evolved as channel usage shifted. The workplace continues to change with remote work becoming the norm in many organizations. The economy is coming back but gaps have been revealed. What do these changes mean for credit unions and their priorities looking forward? How can credit unions capture opportunities at a time when new challenges are emerging?

Learning Objectives:
  • Recognize the key changes in the marketplace arising from the pandemic
  • Identify opportunities that will emerge for credit unions as we begin a new era
Speaker(s):
  • Jay Johnson, Chief Collaboration Officer, Callahan & Associates
Category: General Session (Online)
Standard: $49.00

Building a Strong Foundation for Profitability Analysis, presented by Syntellis Performance Solutions

Oct 19, 2021 8:00am ‐ Oct 19, 2021 8:50am

Identification: CU21SS02

Changing economic and risk landscapes require profitability analysis to be agile, precise, and aligned throughout the institution. Join Syntellis finance experts John Kim and Jeff Truitt to learn how to adapt your profitability analysis to these changing requirements.

Learning Objectives:
  • Recognize how leveraging a RAROC matrix and scenario analysis will better align your organization with guidance from the OCC's Semiannual Risk Perspective (Mitigating Risk)
  • Determine how to leverage profitability surveys, cost allocations and more to help you accurately understand your value drivers (Improving Accuracy)
  • Assess the role and value of profitability steering committees (Increasing Buy-In)
  • Identify tips for better data visualization, and see concrete examples of value-added reporting (Enhancing Communication)
Speaker(s):
  • John Kim, Sr. Director, Product Management, Financial Institutions, Syntellis Performance Solutions
  • Jeff Truitt, Product Manager, FI Solutions, Syntellis Performance Solutions
Category: Early Riser (Online)
Standard: $49.00

NCUA Regulatory Update iconNCUA Regulatory Update

Preview Available

NCUA Regulatory Update

Oct 19, 2021 9:00am ‐ Oct 19, 2021 10:15am

Identification: CU2105

Hear perspectives from Associate Director Viki Nahrwold, from the Office of Examination & Insurance, on credit union trends during the pandemic, upcoming changes to examination tools, what’s on the horizon for your credit union and gain valuable insight into the NCUA proposed and enacted regulations that occurred during 2021.

Learning Objectives:
  • Assess credit union trends during the pandemic
  • Identify upcoming changes to examination tools
  • Determine what’s on the horizon for your credit union
  • Recognize and gain valuable insight into the NCUA proposed and enacted regulations that occurred during 2021
Speaker(s):
Category: General Session (Online)
Standard: $49.00

Cornucopia of Emerging Accounting and Auditing Issues

Oct 19, 2021 10:45am ‐ Oct 19, 2021 12:00pm

Identification: CU2106

The last two years have changed how we do things whether we work at a credit union or are an auditor. The unique environment has created some interesting new accounting and auditing issues, while some of our old favorites have resurfaced. This session will provide examples of unique accounting matters that do not occur every day. Also covered will be the types of challenges and unique situations audit professionals have been faced with due to the current financial and economic environment.

Learning Objectives:
  • Identify specific examples of accounting and audit issues that have emerged or re-emerged in the past two years
  • Determine some of the unique economic and operational risks being faced by credit unions
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Automation Using Robots: A Credit Union’s Successful Use Case

Oct 19, 2021 10:45am ‐ Oct 19, 2021 12:00pm

Identification: CU2107

Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots that emulate human actions interacting with digital systems and software. Robotic process automation streamlines workflows, which makes organizations more profitable, flexible, and responsive. Learn from the leaders in the industry about RPA, and the Credit Union that has embraced robots to create efficiency, build capacity and ultimately improve member service.

Learning Objectives:
  • Analyze and gain an understanding of RPA, and what it is (and is not)
  • Recognize and learn about the tools available to credit unions to implement RPA
  • Assess and be inspired by the story of a Credit Union’s journey to embrace RPA technology
  • Identify real-life RPA use cases for Credit Unions
Speaker(s):
Category: Concurrent Session Online
Standard: $49.00

Auditing & Assurance Standards Update

Oct 19, 2021 1:00pm ‐ Oct 19, 2021 1:50pm

Identification: CU2108

This session will discuss recently issued standards for audits and attestation engagements. The discussion will also include the ASB's active agendas including ongoing efforts to modernize auditing and attestation standards, enhance ASB outreach to stakeholders regarding proposed standards and post-implementation reviews of issued standards. This session will feature a discussion of the current status of the ASB's projects to: revise the quality control standards, revise the risk assessment standard, make narrow revisions to auditor communications regarding NOCLAR, and converge efforts on group audits.

Learning Objectives:
  • Apply new auditing, attestation and quality management standards in their engagements
  • Determine how the new standards will impact current audit procedures and reporting practice
  • Identify current ASB projects to keep attendees apprised of their status and facilitate their participation in the stakeholder feedback process
Speaker(s):
Tags: Auditing
Category: Concurrent Session Online
Standard: $49.00

Regulatory Compliance Update and Upcoming Changes

Oct 19, 2021 1:00pm ‐ Oct 19, 2021 1:50pm

Identification: CU2109

We will explore the myriad of ways the tone in Washington DC has changed and its impact on credit union regulatory compliance.  However, just knowing the tone has changed does not adequately prepare you for the changes. In this session, we will dive into the implications of the regulatory agencies abruptly turning more towards consumer protection. We will discuss the potential changes to specific rules and regulations impacting credit unions. We will also cover areas examiners will be focusing on, the compliance implications from the pandemic, and hot button regulatory compliance requirements.  Expect a fast-pace session touching on dozens of important regulatory issues.

Learning Objectives:
  • Identify potential changes to specific rules and regulations that credit union must comply with
  • Recognize the compliance areas that are the primary focus of examiners and third party plaintiff attorneys
  • Determine why regulators are pivoting towards more enforcement and regulatory changes
Speaker(s):
Tags: CFO
Category: Concurrent Session Online
Standard: $49.00