Scenario planning doesn’t have to be overwhelming. With a solid framework, scenario planning can be fun, while also being highly effective in helping leadership teams paint a picture of what could be and think through possible consumer responses and financial outcomes. This session is designed to stretch participants thinking.

Are there audit issues that keep you up at night? Auditing issues that scare you or are the cause of your "auditing nightmares"? Then you've come to the right session. In this session we will discuss audit issues that are difficult to address with solutions to your auditing nightmares. These two seasoned auditors will share their experiences on old and new audit issues that go bump in the night.

Banking the cannabis industry since 2014, Salal Credit Union has supported it's members and community by providing safe and sound financial products to this thinly served industry. As the business has expanded, the Credit Union has continued to evolve it's services to members. Just as importantly, Salal works with it's examiners to ensure regulatory, reporting, and risk management concerns are adequately addressed.

Join this session for a stroll through the 2021 AICPA CECL A&A Guide. The AICPA CECL task force has been progressing towards the issuance of an AICPA Guide since before the FASB finalized ASU 2016-13, “Financial Instruments: Credit Losses (topic 326), Measurement of Credit Losses on Financial Instruments,” also known as CECL. In 2019, the AICPA issued Practice Aid, “Allowance for Credit Losses —Audit Considerations.” Using the Practice Aid as a starting point, the AICPA CECL A&A Guide provides authoritative auditing guidance, provide implementation observations from 2020 adopters, and incorporates accounting issues addressed by the FASB’s Transition Resource Group (TRG) and the AICPA’s Financial Reporting Executive Committee (FinREC).

The fraud environment is dynamic in that it's always changing. Fraudsters come up with new sophisticated ways to steal money from credit unions and their members while still relying on age-old methods. Join this session as Ken Otsuka, CUNA Mutual Group Senior Consultant, Risk & Compliance Solutions, shares valuable insights on fraud trends and mitigating risk. This session will help attendees understand the "how" behind the latest trends.

Interest Rate Volatility Fears - Is now the right time to add derivatives to your risk management toolbox? Here's why this is a good idea—and how to get started. We will cover the basics of hedge accounting including derivative mechanics, hedge accounting elections, effectiveness assessments, SOFR readiness and recent developments.

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.

Customer expectations are rapidly evolving and disruptive competitors are targeting your most profitable customer relationships. In this new environment, the Anticipation Economy, credit unions must renew their focus on customer experience and the integration to deliver the right offer to the right customers at the right time.

In this session, we discuss the implications of this new way of thinking and how credit unions can thrive. We examine the impact of CECL's forward-looking, granular credit insights on multiple components of profitable growth, and how this changes the way accountants (FP&A, controllers, treasury, balance sheet management & capital planning) support the credit union's competitive objectives. The discussion includes ways to reimagine collaboration between Treasury, Credit, Accounting and Finance functions in response.

While there are many forces shaping today's banking industry, there are three that credit union executives need to understand and act upon today: 1) the diminishing role of the checking account; 2) how challenger banks are winning new customers; and 3) the emergence of embedded finance and embedded Fintech.

Despite the pandemic related challenges faced during the last year and a half, credit unions continue to seek opportunities to supplement organic growth. Credit union to credit union mergers have continued at a steady pace, while the size of banks acquired by credit unions is increasing. Credit unions are also strategically acquiring other types of companies which support their member service delivery expansion. A panel experienced in credit union acquisitions will look at strategic, financial, and accounting considerations for acquisitions, while sharing examples of subsequent challenges and performance vs. expectations.