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Learn More About the Great Training Being Offered
Saturday, March 26
8:30 – 9:30 a.m.
Keynote Presentation
Staying Power – How to Gain the Lead in Your Industry and Keeping It
Facilitated by Jeff Rendel
What makes a select group of companies the most respected, influential and profitable businesses in their industries? How do these companies set themselves apart, steer clear of the peril and unavoidable force of “commoditization” and prevail – regardless of declining prices, squeezed margins and daunting competition?
In understanding and applying the well-defined attributes of industry leadership these businesses have refined, your credit union can do much more than supervise and complement your competition. Instead, your credit union can stand out as the most esteemed, significant and winning enterprise in your industry. Being in “a category of one” isn’t about one peerless company, innovation or financial return. The bottom line is not about brand coolness, business positioning or staying one step ahead of your competition. It is about the quantifiable, success-based blueprint – independent of economic cycles or industries – that winning companies follow to produce the unique accomplishments many esteem and desire to mimic.
Find out what it means to be your own best competition. When your organization stands alone, there is no need to break from the pack or leave the herd.
9:45 – 11:15 a.m.
Concurrent Sessions
VAP V01
History & Philosophy
Facilitated by Angela Hall
Get all of your board members on the same page with a clear understanding regarding the origins of credit unions, the significance of field of membership and the importance of financial deregulation, as well as the current challenges facing credit unions.
VAP V429
Overseeing the Annual Audit by Outside Parties
Vance Vargo
Managing the annual audit process is an important task for the supervisory committee, and preparing for and executing an audit helps boards keep their credit union compliant and informed about the soundness of the institution. Learn how to differentiate and define the different types of audits, as well as best practices for securing a proper outside auditor and how to monitor a healthy and successful relationship with third parties.
Understanding Merger Strategies and Risks
Facilitated by Robin D. Hoag
Pressures from reduced yield on loans and investments, excess liquidity, slow loan demand, NCUSIF premiums, high loan loss expenses, corporate capital losses, forecasted consumer savings being greater than 6% and increasing regulation and compliance costs all contribute to the stressed and/or shrinking capital levels in many credit unions. Mergers offer one option as a competitive, viable solution, to the problem. However, the merger process requires vision, cultural awareness, risk management skills and financial valuation data, plus a sustainable business model attain the economies of scale to achieve an enhanced member value. Discover the critical factors to creating a valuable merger for members, employees and executives, and receive informative, practical experience and recommendations from a recognized industry merger expert with 25 years of hands on background working with over sixty credit unions.
It’s Not the Same Credit Union Industry Anymore:
Time to Lead Change by Changing What You Do
Facilitated by Jeff Rendel
Change is here in many forms – new ventures, restructuring, mergers, acquisitions, culture shifts, career uncertainty and more. Whether it is creative destruction or disruptive innovation, today’s business environment requires an unprecedented degree of inventiveness and agility, the decisive dividing line between change strategy and focused execution.
So how does a change initiative deliver its promised value? Well thought-out management of the operational aspects of corporate change, along with managers and executives overlooking involvement, reinforcement, participation and communication can make your culture a competitive advantage.
In the end, your people are leaders and will deliver. Every day, they want to think and act strategically, own their area of expertise, play a part in decision-making and understand the candid reality about their career and business. In the past, conformity trumped innovation, hardly a breeding ground for great leaders of change. By aligning corporate change initiatives with your employees’ desires to lead in their own jobs – as well as the needed operational adjustments – you can increase the success rate of any change.
11:30 a.m. – 1:00 p.m.
Concurrent Sessions
VAP V02
Financial Reports for Volunteers
A CUNA Board Financial Literacy Certificate Session
Facilitated by John Rupert
Take this time to learn how to understand financial reports with easy to follow explanations of the statement of financial condition. You will also learn about important aspects of trend analysis and how to calculate significant ratios.
VAP V430
Volunteer Self Evaluations
Facilitated by Stephanie Klocinski
Your board of directors is tasked with evaluating many aspects affecting credit union operations, including evaluating the CEO, to evaluating potential outside auditors. But, how often does the board stop to evaluate itself? Volunteer self-evaluation is essential to promoting an efficient and effective board of directors, so discover tools you can use to assess how your board functions and the importance of making self-evaluation a regular part of board culture.
Managing Interest Rate Risk on the Credit Union Balance Sheet
Facilitated by Oliver Wade
As your credit unions seek to manage its interest rate risk exposure, management must consider the range of balance sheet options available. Moving beyond measurement of risk to management, this session will provide a current overview of the market, important interest rate risk considerations and balance sheet management strategies for the current environment.
Update on the Wall Street Reform Act
Facilitated by Frank Drake
The Wall Street Reform Act was designed to punish misbehavior by banks, but credit unions have unnecessarily been caught in the same trap. Make sure you understand what aspects of this reform will most likely influence daily credit union operations from a purely practical standpoint. Come and learn the mechanics, not the theory, of what you need to know to maintain compliance.
2:00 – 3:00 p.m.
Optional Activities
Concurrent Sessions
VAP V409
Financial Management Just Added to the Agenda!
A CUNA Board Financial Literacy Certificate Session
Learn about financial management tools used by most credit unions in a simple, easy-to-understand format. You will find that managing your credit union’s finances need not be overwhelming when you consistently use several comprehensive asset liability management tools.The presentation includes: financial management overview, components of asset liability management, asset liability committee, planning tools, financial reporting, forecasting and budgeting, gap analysis, what-if analysis and net interest income simulation and net economic value.
Your Credit Union Investment Portfolio: Q&A Roundtable Discussion
Facilitated by Fred Kelly and Oliver Wade
Take this time to bring forth any questions about your investment portfolio, regardless of how simple or complex. Questions will be collected anonymously to make this a great forum amongst peers and industry experts.
How to Lead a Moving Target: Wall Street Reform Act and Compliance Issues
Roundtable Discussion
Facilitated by Frank Drake
Bring your questions and concerns to this open forum setting to share your concerns and gain insights from Frank Drake, as well as your peers, on what is to come in 2011 concerning reform and other compliance issues.
Professional/Personal Development Session
Preventing Personal Identity Theft: What Everyone Should Know
Facilitated by Ken Otsuka
Identity theft has quickly become the crime of the century! Combined with other financial scams, millions of consumers have become victims of identity theft over the last several years. Find out what everyone should know about protecting their personal identity, how identity theft occurs, and about financial scams including the bogus lottery and secret shopper scam. This session will also cover ATM skimming fraud and how fraudsters clone consumer debit and ATM cards.
Sunday, March 27
8:30 – 10:00 a.m.
Concurrent Sessions
VAP V03
Managing Risk
A CUNA Board Financial Literacy Certificate Session
Facilitated by Vance Vargo
Risk management is the direct responsibility of credit union officials like you, so make sure you understand the ways to identify, handle and monitor risks, establish procedures for internal controls, the role of a supervisory committee and more.
VAP V424
Investment Essentials for Directors
Facilitated by Robin D. Hoag
Gain an understanding of the basic investment-related responsibilities of the board, management and supervisory committee, by learning the reasons for investing, what is permissible and the types of risks involved. You will learn to identify the players involved in the investment market, as well as become knowledgeable about what should be presented in board packages for review.
Logical and Illogical HR Issues Every Executive Needs to Know
Facilitated by Michael Bell
Many employers unknowingly make mistakes when handling employment issues, violating the law and potentially exposing them to significant liability and costs. Make sure you understand HR issues regarding employment laws, as well as preventative measures that can be taken to avoid or minimize such mistakes. Areas that will be reviewed include wage and hour issues, ADA, FMLA compliance, hiring issues, termination considerations and enforceability of non-compete agreements.
State Credit Union Board Fiduciary Responsibilities
(A Review of OFIR’s Board Responsibility Handbook)
Facilitated by John Kolhoff
Credit union directors face high levels of scrutiny by the media, government, members and others in performing their duties. As a director you must act carefully and prudently to protect your own individual liability and to ensure the credit union is operated efficiently and in accordance with applicable laws and regulations. This session is designed to answer basic questions you may have as a board member of a state-chartered credit union in Michigan and provide resources for further information.
10:15– 11:15 a.m.
Closing Session
Bank Secrecy Act for Board Members
Facilitated by Veronica Madsen
As a credit union board member you are responsible for overseeing the important aspects of many regulatory compliance topics including the Bank Secrecy Act/Anti Money Laundering/OFAC. Take this time to participate in this optional session and receive a certificate of completion to have on file for your next regulatory examination.
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