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