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:
Our sessions and speakers will help you build a framework for decision-making and strategies for continued success.
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This includes sessions from the conference: 2022 AICPA & CIMA Conference on Credit Unions
Sessions Included:
Opening Remarks | Economic Update (Oct 24, 2022 12:00 PM)
Digital Assets - It's Not About Bitcoin (Oct 24, 2022 03:30 PM)
Risks in the Credit Union System Panel Discussion (Oct 25, 2022 08:45 AM)
NCUA Regulatory Update (Oct 25, 2022 10:10 AM)
Recent Changes and Updates to the Auditing Standards Impacting US Environment (Oct 25, 2022 12:25 PM)
Hot Topics in Regulatory Compliance (Oct 25, 2022 12:25 PM)
It's Here! A Stroll through the AICPA CECL Audit and Accounting Guide (Oct 25, 2022 01:50 PM)
Managing a Balance Sheet to Withstand Interest Rate Volatility – Part I, Market Themes & BSM Tenets (Oct 25, 2022 01:50 PM)
Supervisory Committee Audit Guide 2.0 – Revisited (Oct 25, 2022 01:50 PM)
Cornucopia of Emerging Accounting Issues & Auditing Challenges (Oct 25, 2022 03:10 PM)
Managing a Balance Sheet to Withstand Interest Rate Volatility – Part II, Strategies and Solutions (Oct 25, 2022 03:10 PM)
End of Day Q&A (Oct 25, 2022 04:10 PM)
Technology, Fintech & Innovation (Oct 26, 2022 07:00 AM)
Strategic Growth Through Mergers & Acquisitions (Oct 26, 2022 08:00 AM)
Stump the Chumps (Oct 26, 2022 08:00 AM)
CECL, It's Go Time! Perspectives from Preparers (Oct 26, 2022 09:20 AM)
Preparers Panel - Anything But CECL (Oct 26, 2022 10:20 AM)
Inflation, the Fed, and Derivatives (Oct 25, 2022 12:25 PM)
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
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.
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...
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
Learn from some of the day's speakers as they address audience questions related to government, public sector, and not for profit entities.
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.
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