Conference on Credit Unions 2018

Oct 22, 2018 ‐ Oct 24, 2018


The FASB has issued several final standards over the past few years, including credit losses, revenue recognition and leases, with effective dates over the next three years for most credit unions. The recent changes in NCUA business lending regulations have opened up additional opportunities for credit unions. In this time of change and uncertainty, it is essential that you align your decisions to move forward. Gain unwavering confidence for each step of the decision-making process at the only conference that brings together such a wide array of industry experts.


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. 


Sessions

Anti-Fraud Strategies for Credit Unions

Oct 23, 2018 11:05am ‐ Oct 23, 2018 12:20pm

Identification: CU1809

When insider fraud occurs in a credit union, it negatively affects that institution, the credit union industry, and the Share Insurance Fund. This session outlines specific practices that credit union officials and management can use to help deter, detect, and respond to insider fraud.

  • The participant will learn at least two practices that will help deter fraud
  • The participant will be able to identify at least two ways to respond to fraud.

Speaker(s):
Standard: $49.00

Round 2: Round 2: "They Asked What?"

Preview Available

Round 2: "They Asked What?"

Oct 23, 2018 1:10pm ‐ Oct 23, 2018 2:25pm

Identification: CU1812

This session will address answers to a wide array of credit union questions regarding unusual and/or infrequent accounting transactions. It will also cover some "best practice" ideas developed for complying with complex or time-consuming accounting tasks.

  • Become familiar with the proper accounting treatment for several unusual/and or infrequent accounting transactions.
  • Learn a few "best practice" ideas for making certain accounting tasks more efficient.

Speaker(s):
Tags: Audit
Standard: $49.00

Hedging: Observations from Adoption

Oct 23, 2018 2:35pm ‐ Oct 23, 2018 3:50pm

Identification: CU1813

With years of interest rate risk management history there are many examples of successful and unsuccessful strategy implementation and results. In this session the speakers will review the “lessons learned from the trenches”.

  • 1. Successful hedging and interest rate risk management programs
  • 2. Unsuccessful hedging and interest rate risk management programs
  • 3. Putting it all together

Speaker(s):
Standard: $49.00

Increasing Bottom Line by Renegotiating Contracts

Oct 23, 2018 2:35pm ‐ Oct 23, 2018 3:50pm

Identification: CU1814

Gain insight into increasing the bottom line in future negotiations. We will dive into the details and answer the following questions.

How to drive eye-popping results in an opaque market?

What are the best practices to establishing contract negotiation priorities?

This is not just a vendor management exercise - how does methodology set an institution up for successful negotiations?

How do we separate the heavy hitter contract negotiations from the procurement exercises? Let’s explore the art of delegation.

  • Obtain contract negotiation best practices
  • Identification of how to establish contract negotiation priorities
  • Understand which contracts can be delegated and which should not

Speaker(s):
Tags: CFO
Standard: $49.00

The Art of AuditingThe Art of Auditing

Preview Available

The Art of Auditing

Oct 23, 2018 2:35pm ‐ Oct 23, 2018 3:50pm

Identification: CU1815

Auditing is an art. Generally Accepted Auditing Standards (GAAS) sets the standards under which we perform an audit but, complying with those standards can be an art unto itself. Come join us to discuss real life experiences in auditing with two experienced credit union auditors. Discussion points include thoughts on enhancing audit efficiencies while maintaining audit quality and addressing common audit procedures and auditing issues that are more complex. This session is designed to discuss various ways to help practitioners enhance their audit quality, audit efficiencies, and best practices by discussing real life examples from credit union land.

  • Discover ways to enhance audit effectiveness
  • Best practices in credit union auditing
  • See how others audit those pesky audit areas

Speaker(s):
Tags: Audit
Standard: $49.00

CECLCECL

Preview Available

CECL

Oct 23, 2018 4:20pm ‐ Oct 23, 2018 5:35pm

Identification: CU1816

Its been all about CECL since the initial FASB exposure draft was issued in late 2012. While credit union accounting professionals and practitioners have become well versed in the requirements of CECL, implementation progress and practical experience has been limited for many in the industry. This session will provide perspective and examples from credit union professionals who have made significant progress in the CECL implementation process.

The learning objectives include:

  • Understanding how specific credit unions have approached implementation of CECL through examples including data requirements, model selection and initial computation results.
  • Understand key assumptions that impact allowance for loan losses funding levels under CECL.

      Speaker(s):
      • Julie Renderos, CPA, CCUE, CUDE, EVP/CFO, Suncoast Credit Union
      • Brett Fisher, CFA, VP of Asset & Liability Management, Founders Federal Credit Union
      Standard: $49.00

      Relationship Profitability: The Holy Grail

      Oct 24, 2018 7:00am ‐ Oct 24, 2018 7:50am

      Identification: CU18202

      Can you identify your most profitable member relationships?

      As credit unions consider entering or expanding their commercial lending programs it is important to accurately understand the contributions from these business relationships.  There are currently $68 billion outstanding commercial loans on credit union books representing a 40% growth since 2014.

      On average, only 20% of relationships are creating economic profit, and only 1% of those create most of that value, yet many institutions cannot accurately rank their relationships based on profitability. In a recent survey conducted by Kaufman Hall and FMS, 91% of institutions felt that they should be doing more to leverage profitability in their decision-making processes.  By analyzing and better understanding the drivers of profitability, a credit union can make changes to benefit all members by focusing on retention strategies for highly profitable members and finding ways to improve the profitability of those less profitable members.

      Learning Objectives:

      Join our session to learn how relationship management can transform your institution. We will discuss:

      • Relationship Management: Practical strategies to better manage and analyze member relationships
      • Account, Member and Relationship Profitability: Measuring progress toward strategic goals through a more comprehensive look at member contributions to overall profitability
      • Relationship Pricing: How understanding relationships and each member’s sphere of influence lets institutions quantify high and low-performing members, allowing relationship managers to make more informed decisions when pricing new business

      Speaker(s):
      Standard: $49.00

      Announcements and Introduction & Block Chain

      Oct 24, 2018 7:55am ‐ Oct 24, 2018 9:15am

      Identification: CU1817

      More Than Blockchain: Distributed Ledger Technology Will Define the Credit Union Industry of Tomorrow

      The Internet. The World Wide Web. Social media. Mobile computing. Big data. Cloud. IoT. What do all of these things have in common? Each one was a revolution in itself and helped define the dawn of the digital revolution. So…what’s next? Distributed ledger technology – and it’s already here.

      You probably know it as the base of blockchain, but it is so much more than that, and credit unions need to take a serious look at this radically different platform. CULedger, a distributed ledger platform created and owned by credit unions, will help you understand how to take your credit union into the next phase of the digital revolution through distributed ledger technology.

      • Why is blockchain important?
      • How does it fit into my digital strategy?

      Speaker(s):
      Standard: $49.00

      Credit Union Commercial Lending - New Freedoms, New Challenges…Now What?

      Oct 24, 2018 9:45am ‐ Oct 24, 2018 11:00am

      Identification: CU1818

      The recent changes in NCUA business lending regulations have opened a world of opportunity for credit unions. At the same time, credit union boards and senior management are now charged with more thorough oversight of the MBL portfolio and operations. This lively session will look at regulatory impacts on governance, policy requirements, internal controls, auditing, portfolio management, and best practices for business loans as well as participations. You’ll walk away with a laundry list of areas that should be addressed to take advantage of and comply with the new NCUA and State Commercial Lending regulations.

      • Learn all about the new NCUA and State Commercial Lending Regulations and how they are being implemented
      • Learn what state and NCUA examiners are expecting of Credit Unions in this new age of Commercial Lending
      • How to use this new regulatory freedom to grow your business lending program and improve your Credit Unions profitability

      Speaker(s):
      • Mike Smith, VP/Senior Business Services Officer, CU Business Group
      Tags: CFO
      Standard: $49.00

      Managing Interest Rate Risk in the Current Environment

      Oct 24, 2018 9:45am ‐ Oct 24, 2018 11:00am

      Identification: CU1819

      The US economy’s regained strength is presenting fresh challenges for proactive balance sheet managers. After years of extremely low interest rates following the “great recession”, the landscape has transformed to one of higher short-term rates, a flatter yield curve and rising competition for funding. This presentation will investigate tools and techniques to quantify the risk exposures that inform ALM decision-making. Particular emphasis will be given to developing appropriate share assumption inputs to support interest rate sensitivity measurement for earnings and NEV. The discussion will also address recent regulatory guidance and the renewed emphasis on including scenarios that consider changes in the slope and shape of the yield curve.

      • Why ALCO needs both earnings and economic value perspectives in IRR measurement
      • Discover the two common errors to modeling non-maturity shares, and steps to take to properly simulate these products
      • Discuss processes that can help move IRR results towards actionable business intelligence

      Speaker(s):
      Standard: $49.00
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