Directors: to be an MVP, Convention is the
spring training you can’t miss!
There's no room for directors to swing and miss in today's competitive
financial services market. To be your board's MVP you have to get in
shape at Convention - your spring training ground!
Get a competitive edge with sessions geared specifically for you. You'll
earn a certificate of participation for attending our directors'
financial education sessions.
Breakouts that every director should attend include:
Disaster Recovery and Preparedness. Miller Park has
a roof to keep the field safe and dry. But with credit unions, there are
far more potential disasters than the weather that could disrupt
member service, cause massive financial losses and permanently damage
your credit union's reputation. As director, you're entrusted to ensure
a plan is in place to keep your business humming no matter the threat,
no matter the damage. This session, by Steve Eckes, Risk Management
Consultant for CUMIS Insurance Society - the property and casualty
company for CUNA Mutual Group - will cover business continuity and
contingency planning, where to start, managing responsibility for and
assessing your plan, things to remember, the role of insurance, and
testing your readiness.
What Directors Need to Know About CU Financials. Do
you understand how use the financial information you receive in order to
draw conclusions and provide direction for your credit union? Although
at this time state-chartered credit unions are not required to follow
NCUA's basic financial literacy requirements for federal credit unions,
the state Office of Credit Unions is recommending improved skill in this
area as a best practice. The League's Senior Consultant Bill
Rockeman, formerly the CFO of a $90 million credit union who has 8
years of experience as a CU Board member and 3 years as a
Board Chairman, will get you around the bases you
need to cover: the balance sheet, income statement, allowance for loan
and lease loss, key ratios and common questions you should be asking to
guide your credit union team mates. You'll earn a certificate for
completion of this valuable session.
What Directors Need to Know About CU Financials - Part
II. Here's where the bat and ball make contact. Apply the
knowledge gained from Part I to actual credit union financial statements
and see how much you can conclude. You'll determine what questions
you need to ask, examine key ratios and spot trends as well as
potential areas of concern as part of your analysis. Every good player
needs a warm-up: this is your chance to flex your muscles long before
you're asked to step up to the plate! This session also offers a
certificate of completion.
Economic & Credit Union Industry Update. David
Colby, Chief Economist for CUNA Mutual Group, will offer a
thought-provoking discussion of the latest consumer-oriented economic
forecasts. He'll share a wealth of best practices to help credit unions
stay in the game - and even make a few home runs - despite economic
predictions that are sure to challenge any credit union. You'll discover
what some of the most successful credit unions in the country are doing
to weather the slump every pro has to face.
Asset/Liability Management. Every ballgame is won
or lost before it is ever played. If you don't have a strong command of
your credit union's income and expenses you're sure to strike out.
Ashish Tripathy of the Federal Home Loan Bank of Chicago will explain
how you can enhance earnings within the framework of your credit union's
goals and risk appetite. Learn the basics of ALM as well as a framework
for monitoring rates, spreads, volatility and economic variables. Gain
insights on interest rate and credit risk management, and learn the best
strategies for liquidity risk management and liquidity contingency
Looking Back & Forward: The CEO performance
appraisal.A credit union’s CEO has the
most direct impact and influence on its growth, financial
performance and overall success. Therefore, setting goals and
performance standards with the CEO and then objectively and fairly
evaluating the CEO’s performance and relationship with the Board
are among the most critical responsibilities of the Board of Directors.
Implementing a regular and formalized evaluation process—and using
it—will encourage communication, save time, and lead to enhanced
CEO, Board, and credit union performance. And it will make the
regulators happy! Joanne Whiting, The League's EVP and Chief Advocacy
Officer, will teach you to use the CEO appraisal to cultivate a winning
Your Regulator's Persepective. The big leagues have
a commissioner of baseball who ensures the rules are followed. Among
state-chartered credit unions, it's the Director of the Office of Credit
Unions, Ginger Larson, who calls the shots. She'll provide an overview
of the state and federal regulatory and compliance matters that you
need to manage so that examiners don't cry "foul"!
Duties, Liabilities and Protections of Credit Union
Directors. When it comes to your credit union, you have to
be the umpire - making the difficult calls that are required to keep
play ethical as well as ensure positive momentum for your team. This
session, led by The League's Legal Counsel—Paul
Guttormsson—will explore the fiduciary duties that directors owe
their credit union and its members, and the various laws that protect
directors from liability.
Beyond these, there are even more important breakouts you'll want to attend!