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21st Annual CFO Council Conference

2015 Hyatt Regency | New Orleans | May 17 – 20

Agenda

Time
Session
 
10:00 a.m. - 7:30 p.m.

CONFERENCE REGISTRATION

2:00 - 5:00 p.m.

Folding Time™: Achieve Twice As Much in Half the Time

PRE-CONFERENCE WORKSHOP  (Separate fee and registration required)

Neen James, Productivity Expert and Thought Leader, Doylestown, PA

You don’t have time to do everything you only have time to do everything that matters! If we can get clear about those activities that make the biggest difference to our productivity we can get more done in less time and free ourselves up to get on with whatever else we choose.

Never underestimate the freedom to choose what you work on. By ridding ourselves of obligation, poor work methods or egocentric practices we can get more done in less time. Often our work is an ‘unconscious doing’ rather than a ‘conscious choosing’. If you need more hours in the day, work back after everyone has gone home, or find yourself taking work home almost every day then you may be stuck in a productivity trap – this workshop is for you.

2:00 – 5:00 p.m

Product and Branch Profitability Measurement – “First Do No Harm!!”

PRE-CONFERENCE WORKSHOP  (Separate fee and registration required)

Sponsored by Kohl Advisory Group

Michael Kohl, President/CEO and Marc Cooley, EVP, Kohl Advisory Group, Phoenix, AZ

The first segment of this two-part session focuses on how to better understand and manage cost and financial contribution by product using ABC, including why many of ABC’s benefits do not necessarily entail investing in a sophisticated ABC system or service. A practical way to more effectively strategize loans by risk tier will also be presented using Kohl’s Risk-Based Lending Calculator, a powerful software tool that will be made available to session attendees at no cost ($395 value).

The second segment will then address issues and potential pitfalls associated with measuring branch profitability, which is a considerably more problematic undertaking since a branch is a distribution channel as opposed to the “thing” actually sold.  As such, it is often just one of several channels that have added value when booking a new loan or deposit, e.g., the call center, another branch, website, back office, etc.  If the process used to assign credit is based on a simplistic approach, such as 100% to whoever “owns” the member, (regardless how determined), reported results won’t provide proper decision information and be deservedly controversial. Not only will desired objectives be unfulfilled, but the process is likely to do the CU more harm than good, strongly suggesting that the intended objectives be pursued another way.

5:15 – 6:00 p.m.

FIRST-TIME ATTENDEE ORIENTATION

6:00 p.m.

WELCOME CENTER OPENS – Meet your Sponsors

Conference Registration

Sponsor Displays       

 Internet Cafe– Sponsored by CNBS, LLC, First Empire Securities and Raymond James                            

6:00 – 7:30 p.m.

WELCOME RECEPTION in the Welcome Center

Co-sponsored by BKD LLP and CliftonLarsonAllen, LLP

Time
Session
 
7:00 a.m. – 4:30 p.m.

WELCOME CENTER OPEN

Conference Registration

Sponsor Displays       

Internet Café  – Sponsored by CNBS, LLC, First Empire Securities and Raymond James

7:00 – 8:00 a.m.

BREAKFAST – Visit with Sponsors

Co-Sponsored by BOSC, Inc. and Wells Fargo Securities, LLC

8:00 – 8:15 a.m.

CONFERENCE WELCOME

8:15 – 9:15 a.m.

The Happiness Advantage: Linking Positive Brains to Performance

KEYNOTE ADDRESS

Sponsored by CUNA Mutual Group

Shawn Achor, Harvard Professor and Positive Psychology Expert

Most companies and schools follow this formula: if you work harder, you will be more successful, and then you will be happy. This formula is scientifically backward. A decade of research shows that training your brain to be positive at work first actually fuels greater success second. In fact, 75% of our job success is predicted not by intelligence, but by your optimism, social support network and the ability to manage energy and stress in a positive way. By researching top performers at Harvard, the world’s largest banks, and Fortune 500 companies, Shawn discovered patterns which create a happiness advantage for positive outliers—the highest performers at the company. Based on his new book, The Happiness Advantage (September 2010 from Random House), Shawn explains what positive psychology is, how much we can change, and practical applications for reaping the Happiness Advantage in the midst of change and challenge.

9:15 – 9:30 a.m.

PASS TIME TO BREAKOUTS

9:30 – 10:30 a.m.

Remaining Relevant and Achieving Desired Financial Performance with an Uncertain Rate Environment

Sponsored by Ceto and Associates

Sally Myers, CEO/Principal and Rob Johnson, EVP/Principal, c.myers corp., Phoenix, AZ

Relevancy should be one of the most important words on the lips of every credit union decision-maker.  While every decision-maker thinks about strategies to remain relevant long term, CFOs have the added burden of helping them understand the potential impact of those strategies to financial performance in different rate environments.  This is not an easy task, especially when considering that the last time interest rates increased following an economic recovery, they increased by more than 400 basis points. 

Nobody can accurately predict what will happen with rates.  However, with the experiences of recent years, we all can appreciate that a pronounced shift in an interest rate cycle can bring about opportunities, challenges, and often threats to a credit union’s business model.  This session will focus on a CFO’s responsibility to identify each and to help other key stakeholders understand them as they decide and execute business strategies.

 

9:30 – 10:30 a.m.

Transformational Leadership: Going From Managers to Leaders/Mentors

Sponsored by Corporate One Federal Credit Union

Mark Arnold, President, On the Mark Strategies, Dallas, TX

“Everything rises and falls on leadership,” writes author John Maxwell. The challenge for many credit unions, however, is that too many supervisors are managers and not leaders. Whether it is a teller supervisor, branch manager, vice president or even “chief,” all organizations need not just managers but leaders/mentors. As a credit union executive, Arnold gives practical ideas on how to transform business managers into leaders/mentors.

9:30 – 10:30 a.m.

Emerging Audit and Accounting Issues

Sponsored by UMB Bank, Investment Banking Division

John Murnane, Partner, OCM, Orth, Chakler, Murnane & Co., Miami, FL

Not only have the audit and accounting rules been changing, but interpretations of existing standards seem to change with the times. As fraud and economic difficulties become more prevalent, so does the action of the standard setters that deal with those issues. Examples include the ever changing financial statement disclosures, re-assessing loan modifications and merger intangibles, and calculating the allowance for loan losses, where a historical look-back has proven inadequate in dealing with the current economy. Join this discussion about key audit and accounting issues, as well as a look at the pending exposure drafts and a peek at the accounting challenges on the horizon.

9:30 – 10:30 a.m.

ERM – Driving Real Business Results

Sponsored by Office Depot, Inc. and CUNA Strategic Services

Brian Hague, Sr. Consultant, The Rochdale Group, Overland Park, KS
Tony Ferris, Managing Partner, The Rochdale Group, Overland Park, KS

Decisions are a necessary part of life.  Unfortunately these decisions are heavily influenced by our personal experiences and biases and the availability of relevant and timely information.  Much rides on the outcome, and the only way to improve our success rate is to gain access to better, more relevant, and timelier information.  So what’s decision-making have to do with risk management?

They are one and the same. Decisions are simply made by weighing the pros and cons — i.e., risk versus reward — and evaluating them against our desired outcome and our willingness to accept uncertainty.  Real enterprise risk management addresses the question around the assurance of accomplishing one’s goals and objectives.  The result of ERM is better organizational performance through improved decisions via unobstructed knowledge.

Join Brian as he provides real-life examples of what ERM looks like and how credit unions have benefitted from implementing and utilizing ERM processes to drive real business results.

10:30 – 11:00 a.m.

NETWORKING BREAK – Visit with Sponsors

Sponsored by McQueen Financial Advisors, Inc.

11:00 – 11:15 a. m.

PASS TIME TO BREAKOUTS

11:15 a.m. – 12:15 p.m.

Remaining Relevant and Achieving Desired Financial Performance with an Uncertain Rate Environment

Sponsored by Duncan-Williams, Inc.

Sally Myers, CEO/Principal and Rob Johnson, EVP/Principal, c.myers corp., Phoenix, AZ

Relevancy should be one of the most important words on the lips of every credit union decision-maker.  While every decision-maker thinks about strategies to remain relevant long term, CFOs have the added burden of helping them understand the potential impact of those strategies to financial performance in different rate environments.  This is not an easy task, especially when considering that the last time interest rates increased following an economic recovery, they increased by more than 400 basis points. 

Nobody can accurately predict what will happen with rates.  However, with the experiences of recent years, we all can appreciate that a pronounced shift in an interest rate cycle can bring about opportunities, challenges, and often threats to a credit union’s business model.  This session will focus on a CFO’s responsibility to identify each and to help other key stakeholders understand them as they decide and execute business strategies.

11:15 a.m. – 12:15 p.m

Transformational Leadership: Going From Managers to Leaders/Mentors

Sponsored by Equips

Mark Arnold, President, On the Mark Strategies, Dallas, TX

“Everything rises and falls on leadership,” writes author John Maxwell. The challenge for many credit unions, however, is that too many supervisors are managers and not leaders. Whether it is a teller supervisor, branch manager, vice president or even “chief,” all organizations need not just managers but leaders/mentors. As a credit union executive, Arnold gives practical ideas on how to transform business managers into leaders/mentors.

11:15 a.m. – 12:15 p.m

Emerging Audit and Accounting Issues

Sponsored by Executive Benefits Solutions

John Murnane, Partner, OCM, Orth, Chakler, Murnane & Co., Miami, FL

Not only have the audit and accounting rules been changing, but interpretations of existing standards seem to change with the times. As fraud and economic difficulties become more prevalent, so does the action of the standard setters that deal with those issues. Examples include the ever changing financial statement disclosures, re-assessing loan modifications and merger intangibles, and calculating the allowance for loan losses, where a historical look-back has proven inadequate in dealing with the current economy. Join this discussion about key audit and accounting issues, as well as a look at the pending exposure drafts and a peek at the accounting challenges on the horizon.

11:15 a.m. – 12:15 p.m.

ERM – Driving Real Business Results

Sponsored by Amherst Pierpont Securities LLP

Brian Hague, Sr. Consultant, The Rochdale Group, Overland Park, KS
Tony Ferris, Managing Partner, The Rochdale Group, Overland Park, KS

Decisions are a necessary part of life.  Unfortunately these decisions are heavily influenced by our personal experiences and biases and the availability of relevant and timely information.  Much rides on the outcome, and the only way to improve our success rate is to gain access to better, more relevant, and timelier information.  So what’s decision-making have to do with risk management?

They are one and the same. Decisions are simply made by weighing the pros and cons — i.e., risk versus reward — and evaluating them against our desired outcome and our willingness to accept uncertainty.  Real enterprise risk management addresses the question around the assurance of accomplishing one’s goals and objectives.  The result of ERM is better organizational performance through improved decisions via unobstructed knowledge.

Join Brian as he provides real-life examples of what ERM looks like and how credit unions have benefitted from implementing and utilizing ERM processes to drive real business results.

12:15 – 1:45 p.m.

MEMBERSHIP LUNCHEON – with award presentation

Sponsored by MEMBERS Trust Company

1:45 – 2:45 p.m.

Derivatives for the Non-Derivative Types

BREAKOUT SESSION  (session does not repeat)

Sponsored by National Cooperative Bank

MJ Coon, EVP/CFO, Ent Federal CU, Colorado Springs, CO

If you are new to the “D word” and really don’t feel comfortable having a conversation about what one is or why you should care, come join MJ as she scratches the surface of hedging with derivatives.  If you already know enough to know your credit union needs to apply for derivative powers, then you probably are beyond this session.  In that case allow me to recommend the other two sessions on derivatives, because you will be bored in this one.  We are going to break things down to the most basic level just to give a broad understanding of the topic.  It will be laid back; no brain scrambling in this one.

1:45 – 2:45 p.m.

MoneyBall for Credit Unions™

BREAKOUT SESSION  (session repeats)

Sponsored by Visible Equity®

Rich Berg, CEO, Performance Trust Capital Partners LLC, Chicago, IL

For 75 Years, Major League Baseball operated by the same “tried and true” framework. In 1999, MoneyBall turned the framework—and baseball world—upside down.

Strategic decisions are driven not only by our goals, but also by the framework we apply to our decision-making.  When it comes to balance sheet management, having the right framework can make seemingly difficult decisions come sharply into focus.

How does your credit union view the world? What frameworks do you use to drive decision-making?  From the wrong perspective, decisions often seem complicated and uncertain; from the right one, the answers are often painfully obvious.

Rich Berg’s session uses real-world case studies to illustrate how having the right decision-making framework can help your institution reach its goals.

 

1:45 – 2:45 p.m.

Mining Gold – New Trends and Discoveries in ‘Big Data’ That Will Help Your Credit Union Compete

Sponsored by PSCU | Credit Union Experience

Bill Goedken, CPA, CMA, CGMA, President/CEO, idea5, Omaha, NE

With all the information available today – combined with an ever changing marketplace – how can a credit union use Big Data to keep pace? Learn from recent studies and trends that will shape the present and future for your credit union. Learn how a CFO can “weed out” useless information and concentrate on “Gold” - the member, market, and employee trends that make sense – and help you govern the credit union. Best practices of revenue and other income strategies will also be discussed at not only credit unions – but banks as well. Learn from a veteran entrepreneur and fellow credit union volunteer in this interactive and engaging session.

1:45 – 2:45 p.m.

Investment Basics: Part One

BREAKOUT SESSION  (Part 1 - Part 2 is at 3:30)

Sponsored by Signature Securities

Don Robb, SVP Institutional Investments, BOSC, Inc., Little Rock, AR

Investment Basics Part One will review the basic types of bonds as allowed under NCUA Reg 703 and their various features. It will explore basic concepts related to mortgage backed securities during the session. 

2:45 – 3:15 p.m.

NETWORKING BREAK - Visit with Sponsors

Sponsored by Orth, Chakler, Murnane & Co., CPAs

 

3:15 – 3:30 p.m.

PASS TIME TO BREAKOUTS

3:30 – 4:30 p.m.

ALM 101 – For CFOs

BREAKOUT SESSION (session does not repeat)

Sponsored by Stifel

Charley McQueen, President, McQueen Financial Advisors, Inc., Royal Oak, MI (session does not repeat)

Join us for a robust discussion about ALM and supporting activities.  The presentation will include:

  • ALM Tests, interpreting the results and actions to take
  • ALM Assumptions & Assumption stress testing
  • Core Deposit Study & Assumptions
  • Third party validations

 

3:30 – 4:30 p.m.

MoneyBall for Credit Unions™

BREAKOUT SESSION

Sponsored by Akcelerant, a Temenos Company

Rich Berg, CEO, Performance Trust Capital Partners LLC, Chicago, IL

For 75 Years, Major League Baseball operated by the same “tried and true” framework. In 1999, MoneyBall turned the framework—and baseball world—upside down.
Strategic decisions are driven not only by our goals, but also by the framework we apply to our decision-making.  When it comes to balance sheet management, having the right framework can make seemingly difficult decisions come sharply into focus.

How does your credit union view the world? What frameworks do you use to drive decision-making?  From the wrong perspective, decisions often seem complicated and uncertain; from the right one, the answers are often painfully obvious.

Rich Berg’s session uses real-world case studies to illustrate how having the right decision-making framework can help your institution reach its goals.

3:30 – 4:30 p.m.

Mining Gold – New Trends and Discoveries in ‘Big Data’ That Will Help Your Credit Union Compete

Sponsored by Harland Clarke and CUNA Strategic Services

Bill Goedken, CPA, CMA, CGMA, President/CEO, idea5, Omaha, NE

With all the information available today – combined with an ever changing marketplace – how can a credit union use Big Data to keep pace? Learn from recent studies and trends that will shape the present and future for your credit union. Learn how a CFO can “weed out” useless information and concentrate on “Gold” - the member, market, and employee trends that make sense – and help you govern the credit union. Best practices of revenue and other income strategies will also be discussed at not only credit unions – but banks as well. Learn from a veteran entrepreneur and fellow credit union volunteer in this interactive and engaging session. 

3:30 – 4:30 p.m.

Investment Basics: Part Two

BREAKOUT SESSION  (Part 2 - Part 1 is at 1:45)

Sponsored by Buzz Points, Inc. and CUNA Strategic Services

Don Robb, SVP Institutional Investments, BOSC, Inc., Little Rock, AR

Investment Basics Part Two will expand to cover the differences between various mortgage pool structures (geographic, loan size and types). It will review the importance of understanding principle pre-payment speeds and how this can influence the performance of a security.  The session will culminate in an explanation on how securities tie into the balance sheet of a credit union.

4:30 - 5:30 p.m.

FREE TIME

5:30 p.m.

SOCIAL EVENT - WWII MUSEUM

Co-Sponsored by The Baker Group and Sterne Agee

Designated by Congress in 2003 as the United States’ National WWII Museum, New Orleans #1 attraction exemplifies rich storytelling in an experiential setting.  Visit the wide variety of media and methods used to tell the WWII story in rich detail, while enjoying a wonderful New Orleans-themed dinner buffet.

We will also have musical entertainment throughout the evening along with our popular photo booth! Transportation to and from the event will be provided.

Time
Session
 
7:00 a.m. – 4:00 p.m.

WELCOME CENTER OPEN

Conference Registration

Sponsor Displays       

Internet Café– Sponsored by CNBS, LLC, First Empire Securities and Raymond James  

7:00 – 7:45 a.m.

BREAKFAST

Co-Sponsored by c. myers corporation and Wilary Winn Risk

8:00 - 9:00 a.m.

The Risk of Having Members

GENERAL SESSION

Sponsored by Catalyst Corporate Federal Credit Union

Jim Stickley, CRO, TraceSecurity, La Mesa, CA

In this session Jim will discuss the evolving attacks your members are dealing with.  From malicious mobile applications to advanced malware, he will demonstrate how malicious technology will continue to target your members and how compromised members continue to put your credit union at risk.  In addition, Jim will discuss how member education and awareness is becoming the front line of defense against these attacks.

9:00 – 9:15 a.m.

PASS TIME TO BREAKOUTS

9:15 – 10:15 a.m.

The Future of Mobile Payments in Credit Unions

BREAKOUT SESSION (session repeats)

Sponsored by Samaha & Associates, Inc.

Mark Berman, Principal/Co-Founder, Horsetail Technologies, Baltimore, MD

This presentation will explore the current and future state of mobile payments. We will discuss the impact of mobile on the credit union movement. We will then discuss the financial impact that mobile payments will have on the credit union. 

9:15 – 10:15 a.m.

CECL Update and Practical SolutionsCA This session will discuss the differences between the incurred vs. current Expected Cr

Sponsored by Balance Sheet Solutions, LLC

Mike Sacher, CPA, Sacher Consulting, Pacific Palisades, CA

This session will discuss the differences between the incurred vs. current Expected Credit Loss (CECL) Allowance model and will provide practical solutions for meeting the requirements of the CECL model. In addition, we will discuss examples of calculation methodology for various segments of a typical credit union loan portfolio.

9:15 – 10:15 a.m.

Effective Liquidity Management

BREAKOUT SESSION (session repeats)

Sponsored by CetoLogic

Frank Santucci, First Empire Securities, Hauppauge, NY

NCUA Rules and Regulations Part 741.12 requires every credit union have a written Liquidity Policy and conduct sound liquidity planning. In addition to the regulatory requirements, effective liquidity management can help every credit union maximize earnings while more effectively manage interest rate risk. This presentation will discuss the regulatory requirements and published guidance from NCUA and the FFIEC on effective liquidity and funding risk management.  More importantly, it will demonstrate multiple analytical tools a credit union can use to better measure, monitor and more effectively manage its liquidity and funding risk

9:15 – 10:15 a.m.

Intermediate Derivative Analytics

BREAKOUT SESSION (session does not repeat)

Emily Hollis, Founding Partner, ALM First Financial Advisor LLC, Dallas, TX

This session will discuss how to use derivatives as a tool to manage interest rate risk.  The session will focus on the balance sheet effects of derivatives and the analytics required for the most optimal derivative trades.  Various hedging instruments will be compared to analyze risk reduction versus costs.  The session will also include a quick review of derivative execution and accounting requirements.  

10:15 – 10:45 a.m.

NETWORKING BREAK – Visit with Sponsors

Sponsored by Financial Northeastern Companies

10:45 – 11:00 a.m.

PASS TIME TO BREAKOUTS

11:00 a.m. – Noon

The Future of Mobile Payments in Credit Unions

BREAKOUT SESSION

Sponsored by Digital Insight

Mark Berman, Principal/Co-Founder, Horsetail Technologies, Baltimore, MD

This presentation will explore the current and future state of mobile payments. We will discuss the impact of mobile on the credit union movement. We will then discuss the financial impact that mobile payments will have on the credit union. 

11:00 a.m. – Noon

CECL Update and Practical Solutions

Sponsored by O’Rourke & Associates

Mike Sacher, CPA, Sacher Consulting, Pacific Palisades, CA

This session will discuss the differences between the incurred vs. current Expected Credit Loss (CECL) Allowance model and will provide practical solutions for meeting the requirements of the CECL model. In addition, we will discuss examples of calculation methodology for various segments of a typical credit union loan portfolio.

11:00 a.m. – Noon

Effective Liquidity Management

BREAKOUT SESSION

Sponsored by McGuire Performance Solutions

Frank Santucci, First Empire Securities, Hauppauge, NY

NCUA Rules and Regulations Part 741.12 requires every credit union have a written Liquidity Policy and conduct sound liquidity planning. In addition to the regulatory requirements, effective liquidity management can help every credit union maximize earnings while more effectively manage interest rate risk. This presentation will discuss the regulatory requirements and published guidance from NCUA and the FFIEC on effective liquidity and funding risk management.  More importantly, it will demonstrate multiple analytical tools a credit union can use to better measure, monitor and more effectively manage its liquidity and funding risk

11:00 a.m. – Noon

Derivative Procedures and the NCUA Application

BREAKOUT SESSION (session does not repeat)

Sponsored by Callahan & Associates

Emily Hollis, Founding Partner, ALM First Financial Advisors, LLC, Dallas, TX

This session will help any credit union that is interested in obtaining derivative authority.  The session will focus on the NCUA application including the application letter and sample procedures, flow charts, policies, and cost benefit analyses.  Participants will learn what is involved after the execution of a derivative trade.  Staffing needs and the use of external service providers will also be discussed. 

 

Noon – 1:00 p.m.

NETWORKING LUNCH

1:15 – 2:15 p.m.

How Do the New Capital Standards Impact Me? What are the Implications of the Proposed Capital Requirements?

BREAKOUT SESSIONS (session repeats)

Sponsored by TMG Financial Services

Dave Koch, President/CEO, Farin & Associates, Fitchburg, WI

In this session we will examine the proposal in place when the session comes along in May.  We will also address our view of the approach for credit unions to take in determining the appropriate level of the additional “capital buffer”.  We will look at the integration of these standards into the overall asset/liability process and discuss how the management of interest rate, liquidity and credit risks impact the required level of capital.

1:15 – 2:15 p.m.

Prefunding Your Employee Benefits to Help the Bottom Line

BREAKOUT SESSION (session repeats)

Sponsored by The Rochdale Group

John Moreno, Sr. Executive Benefits Specialist, CUNA Mutual Group, Phoenix, AZ

Family health care premiums have increased 80% over the last 10 years, and continue to rise. Credit unions may now use formerly “impermissible investments” to address both low returns and the rising cost of employee benefits. Your credit union may invest in Corporate (Bank) Owned Life Insurance arrangements, mutual funds, or stocks and bonds—with the goal of improving return on assets earmarked for an employee benefits pre-funding program.

There are potential risks you need to consider when implementing a benefits pre-funding program, as we have seen evidence of potentially imprudent action by credit unions that did not exercise proper due diligence and risk control. Learn about the types of investments that can be used to fund employee and executive benefits, and how you can maintain a strong benefits package through a program that is prudent, defensible and seeks to maintain safety and soundness for your credit union                                 

 

 

 

1:15 – 2:15 p.m.

Creating Connections with Success

BREAKOUT SESSION

Sponsored by Diebold and CUNA Strategic Services

Greg Peters, Principal, The Reluctant Networker, LLC, Ann Arbor, MI

Have you ever been a reluctant networker? Do you wish you could walk with confidence into any networking event? Would you like to see more bottom-line results from your connections? If the answer is yes, this session will give you the techniques and tactics to do just that. Participants will learn not only how to make those first connections, but the tools to turn those five-minute conversations into long-term, profitable relationships.

1:15 – 2:15 p.m.

Loan Participations: A Tool for Liquidity & Managing Risk

BREAKOUT SESSION (session repeats)

Sponsored by Coastal Securities

Jeff Hamilton, VP member Credit, Catalyst Corporate FCU, Plano, TX

This presentation will familiarize attendees with the types of loan participation transactions and their unique characteristics. While there are accounting and operational requirements, buyers and sellers can use loan participations to manage liquidity and achieve higher yields. In particular, attendees will learn about buyer and seller roles and responsibilities, balance sheet management considerations, regulatory and accounting requirements and issues to consider when buying or selling.

2:15 – 2:45 p.m.

NETWORKING BREAK – Sponsor Drawings

Sponsored by MoneyGram and CUNA Strategic Services

2:45– 3:00 p.m.

PASS TIME TO BREAKOUTS

3:00 – 4:00 p.m.

How Do the New Capital Standards Impact Me? What are the Implications of the Proposed Capital Requirements?

BREAKOUT SESSION

Sponsored by idea5

Dave Koch, President/CEO, Farin & Associates, Fitchburg, WI

In this session we will examine the proposal in place when the session comes along in May.  We will also address our view of the approach for credit unions to take in determining the appropriate level of the additional “capital buffer”.  We will look at the integration of these standards into the overall asset/liability process and discuss how the management of interest rate, liquidity and credit risks impact the required level of capital.

3:00 – 4:00 p.m.

Prefunding Your Employee Benefits to Help the Bottom Line

BREAKOUT SESSION

John Moreno, Sr. Executive Benefits Specialist, CUNA Mutual Group, Phoenix, AZ

Family health care premiums have increased 80% over the last 10 years, and continue to rise. Credit unions may now use formerly “impermissible investments” to address both low returns and the rising cost of employee benefits. Your credit union may invest in Corporate (Bank) Owned Life Insurance arrangements, mutual funds, or stocks and bonds—with the goal of improving return on assets earmarked for an employee benefits pre-funding program.

There are potential risks you need to consider when implementing a benefits pre-funding program, as we have seen evidence of potentially imprudent action by credit unions that did not exercise proper due diligence and risk control. Learn about the types of investments that can be used to fund employee and executive benefits, and how you can maintain a strong benefits package through a program that is prudent, defensible and seeks to maintain safety and soundness for your credit union                                 

 

 

 

3:00 – 4:00 p.m.

Creating Connections with Success

BREAKOUT SESSION

Sponsored by Flexi Software

Greg Peters, Principal, The Reluctant Networker, LLC, Ann Arbor, MI

Have you ever been a reluctant networker? Do you wish you could walk with confidence into any networking event? Would you like to see more bottom-line results from your connections? If the answer is yes, this session will give you the techniques and tactics to do just that. Participants will learn not only how to make those first connections, but the tools to turn those five-minute conversations into long-term, profitable relationships.

3:00 – 4:00 p.m.

Loan Participations: A Tool for Liquidity & Managing Risk

BREAKOUT SESSION

Sponsored by Catalyst Corporate Federal Credit Union

Jeff Hamilton, VP member Credit, Catalyst Corporate FCU, Plano, TX

This presentation will familiarize attendees with the types of loan participation transactions and their unique characteristics. While there are accounting and operational requirements, buyers and sellers can use loan participations to manage liquidity and achieve higher yields. In particular, attendees will learn about buyer and seller roles and responsibilities, balance sheet management considerations, regulatory and accounting requirements and issues to consider when buying or selling.

4 p.m. on

EVENING - ON YOUR OWN

Time
Session
 
7:45 – 11:00 a.m.

WELCOME CENTER OPEN

Conference Registration

Sponsor Displays       

Internet Café– Sponsored by CNBS, LLC, First Empire Securities and Raymond James  

7:45 – 8:30 a.m.

BREAKFAST

Co-Sponsored by Crews & Associates, Inc. and Federal Home Loan Banks

8:30 –9:30 a.m.

Dueling Economists

GENERAL SESSION

Mike Schenk, VP Economics, Credit Union National Association, Madison, WI

Steve Rick, Chief Economist, CUNA Mutual Group, Madison, WI

Are you ready?  Join us at this popular session as two of the top credit union economists duke it out!  They’ll provide their points of view on many of the top issues facing the economy at credit unions today and through 2015.

9:45 – 10:00 a.m.

BREAK

10:00 – 11:00 a.m.

Change the Game

CLOSING GENERAL SESSION

Sponsored by Corporate America Credit Union

Tim Gard, CSP, CASE, Motivational Speaker/Humorist, Denver, CO

When your organization needs to train on how to deal with stress and reduce dysfunction, it’s time to Change the Game! Life is a game. Business is a game. Literally, everything is a game with winners, losers, spectators. The secret lies in applying easy-to-understand, hard-to-forget concepts you can immediately use—ones that champions have been using for centuries in sports, business, and life in general. Providing a shift in perspective and approach can influence the playing experience for everyone in a multitude of tangible and valuable ways. Tim is a business keynote speaker who proves that overly complicated tasks can become surprisingly uncomplicated—FAST!