Thumbnail for AICPA Conference on Credit Unions 2020

AICPA Conference on Credit Unions 2020

$379
Standard Price

This includes sessions from the conference: AICPA Conference on Credit Unions 2020

Products

  • Thumbnail for Welcome and Introduction | Emerging From COVID-19: Consumer and Financial Institution Perspectives
    Identification
    CU2001
    Date
    October 19, 2020

    COVID-19 has had unprecedented impact on the economy, consumer behavior, and the financial services industry.  From record decline in GDP in the second quarter of 2020, to historic jumps in unemployment, to catastrophic closures of small business, the implications have been profound.  The impact on the financial services industry has also been profound, and it will continue into 2021 as the industry deals with an historically low rate environment and growing loan losses. While we have already begun to see signs of emergence and economic growth, many sectors of the economy will feel the impact of COVID-19 for an extended period of time, and some are likely to never recover. 

    We anticipate significant and permanent changes in many aspects of consumer and small business behavior, both financial and otherwise, and these changes present real opportunity for financial service providers. These changes are in reality an acceleration of trends that were already underway, and impact a broad range of areas, including financial product design, branch distribution and branch design, technology deployment, staffing, and the credit union business model. In this session we will examine these trends with the intent to understand how the financial services industry is changing and what credit unions can do to survive and thrive in this new environment.

    Speaker

    Speaker Image for Bill Handel
    General Manager and Chief Economist, Raddon, A Fiserv Company
    $49
    Standard Price
  • Thumbnail for CECL: What Have We Learned From Adopters in 2020?
    Identification
    CU2002
    Date
    October 19, 2020

    2020 was the first year of CECL adoption for many public financial institutions.  With the first few quarters of reporting behind us, what are some major takeaways that will make a 2023 adoption of CECL less stressful for Credit Unions.

    Speakers

    Speaker Image for Chad Kellar
    Partner, Crowe LLP
    Speaker Image for Kevin Brand
    Advisory Partner, Crowe LLP
    $49
    Standard Price
  • Thumbnail for Accounting & Auditing Issues with the Allowance Under Current Economic Environment
    Identification
    CU2004
    Date
    October 19, 2020

    Understanding the implications of COVID 19, government stimulus, and economic volatility under the incurred loss accounting model.

    Speakers

    Speaker Image for Chad Kellar
    Partner, Crowe LLP
    Speaker Image for Mike Lundberg
    Partner, RSM US LLP
    $49
    Standard Price
  • Thumbnail for Member Business Lending
    Identification
    CU2005
    Date
    October 19, 2020

    After many years of “quiet times” in the commercial loan area, this year presents many challenges for Credit Unions as well as auditors entering the fourth quarter of 2020. In this year’s presentation we will address the 2020 current events and remind everyone the proper accounting for impaired loans. Finally, we will suggest some operational considerations given today’s environment. The following is a summary of the topics covered in this year’s presentation:

    • Regulatory findings in recent exams
    • COVID-19 modifications (“non-TDRs”)
    • Impairment accounting for non-homogeneous loans
    • Risk rating/ALLL methodology considerations
    • Internal loan reviews expectations

    Speaker

    Speaker Image for John Miller
    Shareholder, Doeren Mayhew
    $49
    Standard Price
  • Thumbnail for Lending and Stress Testing - A Preview: Managing Your Portfolio Amid a Pandemic
    Identification
    CU2006
    Date
    October 19, 2020

    For this session, we will present a condensed risk management session for the mortgage, auto and commercial real estate portfolios. We will briefly outline some of the challenges that lenders face in today’s market when originating loans, pricing loans, and monitoring performance over time. The session will also touch briefly on the coming CECL FASB standard and its impact on lending and pricing loans. For a deeper dive into this topic, please register and attend the post conference optional workshop on October 26th, where we further outline some of the tools available to bring further safety and soundness to the balance sheet.

    Speaker

    Speaker Image for John Toohig
    Managing Director, Raymond James & Associates
    $49
    Standard Price
  • Thumbnail for Sponsor Solution Session: Planning Unleashed: Peer Perspectives for Improving Your Budgeting, Planning, and Forecasting (Sponsored by Syntellis Performance Solutions)
    Identification
    CU20201
    Date
    October 20, 2020

    While annual budgeting is time-consuming and seems to come earlier every year, budgeting and planning aren’t a once-and-done endeavor. You need to be nimble to deal with a rapidly changing landscape, and part of that preparation is learning what works for other credit unions. Join finance experts from Syntellis Performance Solutions, CommunityAmerica Credit Union, and Valley Strong Credit Union for their perspectives on how to maximize the effectiveness, efficiency, and value of the budgeting, planning, and forecasting processes at your credit union. Our panelists will share their experiences, best practices, and lessons learned around key planning topics, with plenty of time for interactive discussion with the audience.

    3 tangible benefits to attendees:

    • Validate your current processes against your peers
    • Look for ways to improve your budgeting and planning cycle―before you’re in the thick of it
    • Take practical strategies back to your credit union to streamline and enhance your processes

    Speakers

    Speaker Image for Amy Doll
    Senior Vice President - Accounting & Finance Services, CommunityAmerica Credit Union
    Speaker Image for Lindsay Reyes
    Director Accounting & Finance, Valley Strong Credit Union
    Speaker Image for Heather Hinchley
    Sr. Solutions Engineer, Syntellis Performance Solutions
    $49
    Standard Price
  • Thumbnail for Other Impairment Considerations
    Identification
    CU2009
    Date
    October 20, 2020

    The effects of COVID 19 are being felt worldwide and the financial institutions industry is feeling it acutely. Credit unions are evaluating their ALLL reserves and lending policies and practices. The financial downturn also affects impairment accounting. In this session, we will discuss the assets other than loans affected including goodwill, fixed income securities, fixed assets, and mortgage servicing rights. Dean Rohne will provide guidance on the required accounting – the what – Douglas Winn will provide insights on the calculations – the how.

    Participants will come away from the session with an overall understanding of the assets affected by impairment accounting, the specific GAAP that applies to each type of asset, and techniques that can be used to assess impairment.

    Speakers

    Speaker Image for Douglas Winn
    President and Co-founder, Wilary Winn LLC
    Speaker Image for Dean Rohne
    Principal, CliftonLarsonAllen LLP
    $49
    Standard Price
  • Thumbnail for Building the Smarter Bank: The Opportunity for Credit Unions
    Identification
    CU2010
    Date
    October 20, 2020

    In this session, Steve Williams will present a strategic overview of industry shifts in the Post-COVID world and discuss the financial professional’s role in managing a changing business model and new technology challenges. Williams will share how Smarter Banks are leveraging digital, process automation and analytics in ways that will literally change the economics of the business. Listen to best practices among credit unions making the technological shift and learn what this means for the balance sheet and income statement in the years ahead.

    Speaker

    Speaker Image for Steve Williams
    President and Partner, Cornerstone Advisors
    $49
    Standard Price
  • Thumbnail for How to Analyze Loan Participation Opportunities in a New Normal
    Identification
    CU2011
    Date
    October 20, 2020

    The economic uncertainty ushered in by the COVID-19 pandemic presents new challenges for credit unions, particularly as many prepare for potential impacts to bottom-line performance in 2021. However, today’s market still has numerous opportunities for cooperatives looking to push their strategic objectives forward. In this session, our team of experts will share the latest updates, share best practices and discuss key market trends we’re seeing. We’ll also discuss how your credit union can potentially adjust the composition of its balance sheet and protect profitability through whole loan sales and participations.

    Speaker

    Speaker Image for Kevin Shaner
    Managing Director, Loan Transaction Network, ALM First Financial Advisors
    $49
    Standard Price
  • Thumbnail for Implementing the Lease Standard
    Identification
    CU2012
    Date
    October 20, 2020

    This session focuses on identifying, assessing and accounting for lease agreements under ASU 2016-02, “Leases (Topic 842). It will include examples for implementation, best practices, and lessons learned from those that have already adopted.

    Speaker

    Speaker Image for Megan Rangen
    Partner, Crowe LLP
    $49
    Standard Price
  • Thumbnail for Hot Topics in Regulatory Compliance
    Identification
    CU2013
    Date
    October 20, 2020

    Regulatory compliance risk is increasing due to a myriad of factors, some obvious and others not so. We also see a concerted push for more intense compliance exams.  During this session, we explore what credit unions must understand and do in order to thrive in this environment.  We discuss how the current administration and regulatory agency actions impact credit unions.  We also examine specific regulatory compliance requirements that are the focus of examiners, including FCRA, EFTA, BSA, UDAAP and advertising compliance.  

    Speaker

    Speaker Image for John Zasada
    John Zasada, JD, CAMS
    Shareholder, DoerenMayhew
    $49
    Standard Price
  • Thumbnail for Yo-Yo Rates – Can Hedging Help the Hiccups?
    Identification
    CU2014
    Date
    October 20, 2020

    This session will introduce the basic requirements of both cash flow and fair value hedge accounting by exploring common strategies employed by Credit Unions. We will explore how the current low rate environment is impacting these hedge strategies, talk about rate fluctuations and how that impacts not only the derivatives, but just as importantly the hedged items and look at what's on the horizon including LIBOR's end. Background information will include a cheat sheet of commonly used terms as well as descriptions of the two most common hedge instruments.

    Speaker

    Speaker Image for Ruth Hardie
    Senior Director, Client Services, Hedge Trackers
    $49
    Standard Price
  • Thumbnail for Covid-19: Long Term Goals,  Short-Term Challenges & Thriving In This New Environment
    Identification
    CU2015
    Date
    October 20, 2020

    How has the Covid-19 pandemic changed the credit union operating model?  

    The panelists in this session will provide their insights on how the pandemic is impacting credit unions, and importantly the opportunities that lie ahead. They’ll discuss topics such as the remote workplace, new directions in strategy, coping with interest rate volatility, budgeting in an uncertain environment and capital deployment. Recognized industry experts, Julie, Rob, Steve and Mike will draw on their vast experience and share insights gained from both their CFO and consulting perspectives. This session will challenge your thinking to not just survive the current challenges, but to find ways to thrive in this new operating environment.

    Speakers

    Speaker Image for Michael Sacher
    Sacher Consulting
    Speaker Image for Julie Renderos
    Julie Renderos, CPA, CCUE, CUDE
    EVP/CFO, Suncoast Credit Union
    Speaker Image for Rob Johnson
    President/Principal, c. myers
    Speaker Image for Steve Williams
    President and Partner, Cornerstone Advisors
    $49
    Standard Price
  • Thumbnail for Using Machine Learning To Manage Risk
    Identification
    CU2016
    Date
    October 20, 2020

    Machine learning is transforming credit underwriting by using advanced math and large data sets to quantify risk with more nuance and precision. More credit unions are using ML to expand their footprint and drive higher levels of automation in their lending, especially as more members seek to transact through online channels. This session will assess the use cases, benefits, regulatory concerns, and challenges of using ML, especially in the underwriting process.

    Speakers

    Speaker Image for Danny Sacher
    Director of Client Services, Zest AI
    Speaker Image for Jose Valentin
    VP, Corporate Development, Zest AI
    $49
    Standard Price
  • Thumbnail for Accounting Nightmares
    Identification
    CU2017
    Date
    October 20, 2020

    This session is designed by two well-seasoned auditors to discuss those areas of accounting that keep you up at night. We’ll cover those accounting areas that can present difficulties for both the client and the auditor. Areas covered include pension plans, troubled debt restructured loans, other real estate owned, alternative investments, and COVID-19 issues. Please join us for this session.

    Speakers

    Speaker Image for Bryan Mogensen
    Principal, Financial Services Group, CLA
    Speaker Image for Chris Vallez
    Partner, Nearman,Maynard,Vallez CPAs
    $49
    Standard Price

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