Thumbnail for 2022 AICPA & CIMA Conference on Credit Unions

2022 AICPA & CIMA Conference on Credit Unions


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

$29900
Standard Price
  • Thumbnail for CECL: Three Lines of Defense (additional fee, virtual only)
    Identification
    CU22101
    Date
    October 17, 2022

    CECL is fast approaching in 2023 and Credit Unions should be basically ready. Are you? We have been talking about CECL for a decade and finally, adoption day is approaching. Has your institution been running a model during 2022? Have you considered all the other aspects around CECL implementation including the three lines of model, policies, and maturity of risk governance?

    Register here for the online workshop

    $245

    https://www.aicpa.org/cpe-learning/conference/cecl-three-lines-of-defense

    Objectives

    • Determine how to prepare for CECL audit and examination
    • Analyze exposure to risk governance models

    Speakers

    Speaker Image for Brittany Stern
    Principal, Financial Institutions, CliftonLarsonAllen LLP
    Speaker Image for Jackie Gilbert
    Jackie Gilbert, CCUE, CCUFC, CUERME, BSACS
    Chief Risk Officer, Suncoast Credit Union
    Speaker Image for Zachary Crews
    Zachary Crews, CFA, CAIA
    SVP - Finance, Randolph Brooks Federal Credit Union

    Moderator

    Speaker Image for Brett Stubbs
    Chief Financial Officer, Kinecta
    $7900
    Standard Price
  • Thumbnail for Opening Remarks | Economic Update
    Identification
    CU2201
    Date
    October 24, 2022

    Longstanding economic assumptions, relationships and metrics are less relevant in today’s economy. Federal Reserve policy decisions are more obviously fraught with peril. Politics and the political climate have assumed increasing importance. Demographic shifts – with potentially large impacts - have accelerated. In an environment characterized by crisis, uncertainty and complexity these trends are magnified – with important implications for accountants, auditors, and all those interested in credit union operations. Significant labor market improvements have occurred quickly but have been uneven. Ligi will explore these and related themes and will discuss implications for credit unions over the year ahead.

    Objectives

    • Analyze current economic, demographic and policy trends that directly or indirectly impact credit unions' financial performance.
    • Identify high-risk credit unions' financial and accounting areas that are specially vulnerable in this uncertain and highly complex economic environment.

    Speaker

    Speaker Image for Ligia Vado
    Senior Economist, Credit Union National Association
    $4900
    Standard Price
  • Thumbnail for Digital Assets - It's Not About Bitcoin
    Identification
    CU2204
    Date
    October 24, 2022

    Despite the recent downturn in cryptocurrency prices that ushered in the current “crypto winter” there is still phenomenal interest and transactions taking place in the space. Today, the focus is still on speculative investing and, unfortunately, a “get-rich-quick” mentality. But where are we going? And what kind of future will we discover there? Surprisingly, the answers lie in our past. This session will explore the many parallels to the early days of the internet, then step forward to take a look at potential future scenarios, including the use of blockchain in real estate.  See this short video for an overview of cryptocurrency:  https://www.pscu.com/video/202...

    Objectives

    • Distinguish the differences between a decentralized coin and a stablecoin
    • Recognize areas that credit unions can (and can't) participate in digital assets
    • Identify 5 "next steps" credit unions can be doing today

    Speaker

    Speaker Image for Lou Grilli
    Sr. Innovation Strategist, PSCU
    $4900
    Standard Price
  • Thumbnail for Risks in the Credit Union System Panel Discussion
    Identification
    CU2206
    Date
    October 25, 2022

    Over the past several years, risk management has gone through distinct phases in response to COVID, consumer expectations, remote workforce, and regulatory requirements. For this session we have assembled a panel of credit union professionals who are excited to share their experiences in the unique set of demands in developing or enhancing your enterprise risk management program to include responding to the changes in the external environment that has led to extended risk profile, increased fraud threats, and effective mitigating controls. Our panel is comprised of individuals within the credit union and those from the outside. We think this combination will give a rounded look at risk to the credit union system in current and near-future environments.

    Objectives

    • Recognize relevant and trending enterprise risks, and evolution of risk management.
    • Identify mitigating controls that will enhance your ability to manage risk effectively.

    Moderator

    Speaker Image for Megan Rangen
    Partner, Crowe LLP

    Speakers

    Speaker Image for Chris Vallez
    Partner, Nearman,Maynard,Vallez CPAs
    Speaker Image for Jackie Gilbert
    Jackie Gilbert, CCUE, CCUFC, CUERME, BSACS
    Chief Risk Officer, Suncoast Credit Union
    Speaker Image for Troy Garry
    EVP/CFO, Sound Credit Union
    $4900
    Standard Price
  • Thumbnail for NCUA Regulatory Update
    Identification
    CU2207
    Date
    October 25, 2022

    This session provides an update on NCUA’s priorities and concerns in the current economic environment. Topics include the Changing Economic Environment, Interest Rate Risk, Credit Risk, Information Security (Cybersecurity), Fraud, Bank Secrecy Act, CECL Simplified Tool, NCUA’s Regulatory Agenda, and the MERIT Examination Tool.

    Objectives

    • Evaluate NCUA’s priorities and concerns in executing its safety and soundness program
    • Identify the risks and responses to threats to the credit union industry
    • Recognize NCUA’s tools and examination approaches to promote a safe and sound credit union system

    Speaker

    Speaker Image for Kelly  Lay
    Director of the Office of Examination and Insurance, National Credit Union Administration
    $4900
    Standard Price
  • Thumbnail for Recent Changes and Updates to the Auditing Standards Impacting US Environment
    Identification
    CU2208
    Date
    October 25, 2022

    A deep dive into the current changes, updates, and ongoing projects in auditing standard setting to stay on top of today's hot topics and developments. Specifically, the program will cover developments over the past year with respect to various topics. 

    Objectives

    • Identify amendments to standards and the impacts to our audits
    • Recall recently released proposal stage literature
    • Recognize ongoing projects

    Speaker

    Speaker Image for Patricia Bottomly
    National Managing Partner - Audit Methodology and Consultation, BDO USA
    $4900
    Standard Price
  • Thumbnail for Hot Topics in Regulatory Compliance
    Identification
    CU2209
    Date
    October 25, 2022

    This year has been harder than most to predict upcoming regulatory changes and examiner areas of focus. While credit unions can anticipate some changes and emphasis in areas such as Bank Secrecy Act, fair lending and UDAAP, other areas like fees are transforming in surprising ways. Please join Doeren Mayhew’s John Zasada as he explores why and how the CFPB’s focus has pivoted, and in turn regulators like the NCUA have followed suit. Additionally, he will discuss evolving areas like websites, overdrafts, the CFPB and more.

    Objectives

    • Indicate areas of examiner focus and regulatory changes on the horizon, and their impact on your credit union.
    • Identify ways to prioritize regulatory compliance risks.
    • Distinguish best practices for developing an ongoing regulatory compliance strategy.
    • Recognize and gain knowledge on today’s evolving regulatory areas.

    Speaker

    Speaker Image for John Zasada
    John Zasada, JD, CAMS
    Shareholder, DoerenMayhew
    $4900
    Standard Price
  • Thumbnail for Inflation, the Fed, and Derivatives
    Identification
    CU2210
    Date
    October 25, 2022

    With extreme uncertainty around the trajectory of inflation, and therefore corresponding Fed policy, managing interest rate risk is of ultimate importance. Following the NCUA’s relaxing of the derivative rule set in May of 2021, this tool is now much more readily accessible and in many instances is the most efficient and practical solution for risk mitigation. This session will explore the recent ruling, how tools such as interest rate swaps, caps and floors can mitigate risk using case studies, and finally the path one follows to establish an appropriately governed derivatives platform within a credit union.

    Objectives

    • Identify board/policy expectations related to permissible instruments, position and counterparty limits, and reporting processes
    • Determine how to devise organizational structure to support the derivative platform as a whole
    • Analyze formulation of various hedging strategies and their balance sheet and income statement impacts
    • Assess real world hedging case studies recently performed by credit union peers
    • Identify practical strategies that could be utilized in respective institutions

    Speaker

    Speaker Image for Ryan Henley
    Managing Director, Head of Financial Institutions Strategies, Stifel
    $4900
    Standard Price
  • Thumbnail for It's Here! A Stroll through the AICPA CECL Audit and Accounting Guide
    Identification
    CU2211
    Date
    October 25, 2022

    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).

    Objectives

    • Analyze the implementation observations from previous years
    • Determine management’s responsibilities and auditor’s considerations for internal control & governance, sources of risks of material misstatements, presentation & disclosure and communications with respect to the CECL standard.
    • Identify accounting issues addressed by the FASB’s TRG and AICPA’s FinREC

    Speakers

    Speaker Image for Sydney Garmong
    Partner, National Office, Crowe LLP
    Speaker Image for Jason Brodmerkel
    Sr. Manager - Accounting Standards, Co-Chair DIEP, AICPA & CIMA
    Speaker Image for Mike Lundberg
    Partner, RSM US LLP
    $4900
    Standard Price
  • Thumbnail for Managing a Balance Sheet to Withstand Interest Rate Volatility – Part I, Market Themes & BSM Tenets
    Identification
    CU2212
    Date
    October 25, 2022

    There are three common attributes of high-performing financial institutions, regardless of the current Fed rate or market volatility. Learn how staying disciplined in the face of others’ concern better positions your balance sheet in a changing rate environment.

    Part one of this cautionary two-part session will begin with an overview of current market conditions and the factors impacting the economic outlook. Industry experts will then begin to break down the three principles of high-performing financial institutions: disciplined asset pricing, understanding deposit franchise value, and the importance of hedging.

    Objectives

    • Analyze current market conditions and factors impacting the economic outlook
    • Identify the role of risk-adjusted return modeling in a disciplined asset pricing process
    • Distinguish the importance of funding in sustainable financial performance
    • Determine how hedging with derivatives can help reduce risk to earnings and value

    Speakers

    Speaker Image for Jason Haley
    Chief Investment Officer, ALM First Financial Advisors
    Speaker Image for Robert Perry
    Principal, ALM & Investment Strategy, ALM First Financial Advisors
    $4900
    Standard Price
  • Thumbnail for Supervisory Committee Audit Guide 2.0 – Revisited
    Identification
    CU2213
    Date
    October 25, 2022

    Changes to NCUA Regulation 715.7 have now been in effect since January 2020. With over two years behind us and valuable feedback about the Minimum Procedures Audit Guide in our lap, we are ready for a 50 minute round table discussion to compare notes. The NCUA has been receptive to feedback that will improve the clarity and efficiency of the engagements, so this could be a valuable discussion.

    Objectives

    • Analyze and review procedures under the new guide
    • Identify questions regarding testing procedures during Q&A

    Speakers

    Speaker Image for Daniel Moulton
    Shareholder, Doeren Mayhew
    Speaker Image for Ellen Vargo
    Partner, Nearman, Maynard, Vallez CPAs
    $4900
    Standard Price
  • Thumbnail for Cornucopia of Emerging Accounting Issues & Auditing Challenges
    Identification
    CU2214
    Date
    October 25, 2022

    Has your credit union or auditee delved into new programs that may provide accounting challenges to your staff or auditors. Such areas may include: mortgage servicing, leases, deferred compensation plans, and more. With these new programs there may be certain accounting or auditing steps that can be missed. In today's session we will cover some of these more complex accounting and/or auditing areas and explore ways to ensure proper accounting and reporting is performed.

    Objectives

    • Identify challenges with some current accounting and reporting
    • Analyze ways to audit specialized accounting issues
    • Determine solutions to enhance efficiencies in audit and accounting

    Speakers

    Speaker Image for Jeanine LaBarbera
    Shareholder - Financial Institutions Group, Doeren Mayhew
    Speaker Image for Bryan Mogensen
    Principal, Financial Services Group, CLA
    $4900
    Standard Price
  • Thumbnail for Managing a Balance Sheet to Withstand Interest Rate Volatility – Part II, Strategies and Solutions
    Identification
    CU2215
    Date
    October 25, 2022

    Although the interest rate environment has changed rapidly, depositories with a disciplined asset-liability management framework are best suited to weather the storm. Learn practical strategies for building a balance sheet that is resilient in any rate environment.

    In part two of this cautionary two-part session, experts will highlight key considerations of a disciplined asset model, compare funding alternatives, and identify practical applications of hedging strategies to manage and enhance margins. Learn how to build a management process that gets buy-in across departments to effect meaningful improvement in financial performance.

    Objectives

    • Identify critical areas of refinement for dependable asset pricing models Evaluate marginal cost across various funding strategies
    • Analyze marginal cost across various funding strategies
    • Differentiate applications of hedging to stabilize financial performance

    Speakers

    Speaker Image for Jason Haley
    Chief Investment Officer, ALM First Financial Advisors
    Speaker Image for Robert Perry
    Principal, ALM & Investment Strategy, ALM First Financial Advisors
    $4900
    Standard Price
  • Thumbnail for End of Day Q&A
    Identification
    CU2216
    Date
    October 25, 2022

    Learn from some of the day's speakers as they address audience questions related to government, public sector, and not for profit entities.

    Objectives

    • Recall recent NCUA’s priorities and concerns in the current economic environment and NCUA's regulatory agenda
    • Recall changes to NCUA Regulation 715.7 and the Minimum Procedures Audit Guide to improve the clarity and efficiency of the engagements.
    • Recall progress of the AICPA CECL task force toward the issuance of the AICPA CECL Audit and Accounting Guide

    Speakers

    Speaker Image for Kelly  Lay
    Director of the Office of Examination and Insurance, National Credit Union Administration
    Speaker Image for Mike Lundberg
    Partner, RSM US LLP
    Speaker Image for Ellen Vargo
    Partner, Nearman, Maynard, Vallez CPAs
    $4900
    Standard Price
  • Thumbnail for Technology, Fintech & Innovation
    Identification
    CU2217
    Date
    October 26, 2022

    In this session we will discuss the needs credit unions have with regards to continued evolution as consumer demands shift, and new competition arises. We've entered an age of "engagement banking" where technology and fintech can be used to bring credit unions closer to member needs. The landscape is changing and so most you. 

    Objectives

    • Identify the new competition facing the credit union industry
    • Recognize how you can leverage fintech and technology to win the hearts and minds of members

    Speaker

    Speaker Image for Bryan Clagett
    Chief Revenue & Strategy Officer, Moven
    $4900
    Standard Price

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