Conference Registration

Opening Remarks

Fraud Trends

Becky Garton, Risk Consultant, Risk & Compliance Solutions
TruStage

Each year, fraudsters find new ways to trick people and financial institutions out of money. While some scams involve new tricks, many have been around for decades. Join our experienced risk consultant as she responds to your specific questions related to:

• The latest fraud trends impacting consumer payments

• Common member scams

• Ways fraudsters exploit your employees and technology
  
  

This session is focused on helping you know what to look for, to ensure you take the right action steps, and to remain vigilant.

Networking/Refreshment Break

Business Continuity Planning: New Developments - A Guide for Directors & Senior Management

Sarah Sorensen, Director, The Summit Federal Credit Union

Recent world economic events, increased regulatory emphasis and business necessities have joined together to

create a perfect storm causing business continuity planning (BCP) to remain a significant issue. Credit union leaders

should be consistently reviewing their level of preparedness and the impact of a disruption on their members, services, and reputations. Your credit union faces numerous challenges as it navigates the fast changing area of risk management and BCP enhancements. In addition to complying with NCUA regulatory requirements, robust BCP practices can help solidify member relationships and enhance the safety & soundness of your credit union.

Session Highlights:

• A review of a model BCP program

• A guideline for board member questions to management

• Should a credit union consider cyber security insurance?

• New developments in BCP including board oversight responsibility

• Strategies for ensuring a successful BCP program

• The credit union network’s support for BCP endeavors

Daily Wrap-Up

Welcome Reception (GP)

CU Conferences is grateful for the support of its sponsor, PARC Street Financial, and would like to thank them for co-sponsoring the reception. Please take a moment to say hello to one of their representatives.

Breakfast (GP)

Opening Remarks

Credit Union Risks from a Directors Perspective

Bruce Hoogstraten
President
High Street Coaching, LLC

As a credit union director, do you have a good understanding of all the different types of risk your credit union may be facing today? How can you be better informed? 

In this session you will learn:

• Different types of risk faced by credit unions

• How risks could impact your credit union

• Some risks you may not be familiar with

• What to expect on different risks, the good, the bad, and the ugly

• What are key indicators you should look for as a director?

• Questions that you should be asking in the boardroom

Networking/Refreshment Break

Evaluating Financial Statements to Avoid Fraud

Adrian Johnson
Chief Financial Officer/Sr. Vice President
MECU Credit Union of Baltimore

The Sarbanes-Oxley Act requires your credit union and its auditors to be more aggressive in detecting and preventing fraud. 

Join Adrian for an informative session that will provide an overview of how to effectively evaluate financial statements to avoid fraud.

• Definition of fraud

• Reasons for fraud

• Examples of fraud

• Identifying potential fraud schemes and prioritizing them on risk

• How possible fraud may flow through the financial statements

• Fraud prevention and detection controls

Peer-to-Peer (P2P) Fraud Scam

Becky Garton, Risk Consultant, Risk & Compliance Solutions, TruStage

Peer-to-Peer (P2P) fraud is widespread and has been making local and national news as social engineering tactics continue to evolve. Fraudsters continue to target members of credit unions offering P2P (e.g., Zelle) by using a sophisticated scam to defeat two-step authentication which leverages the use of one-time passcodes.

This session will focus on what to look for, how to mitigate the fraud, and the impact the fraud can have on your credit union.

Sit-Down Luncheon (GP)

Artificial Intelligence: Its Role in Risk Management

Sarah Sorensen, Director,
The Summit Federal Credit Union

Join Sarah as she addresses the hot topic of artificial intelligence (AI).

Session Highlights:

• Overview of Artificial Intelligence

• Key Question for Board Members to Ask

• AI and its Impact on Managing Risk for Credit Unions

• Future strategies for Incorporating AI into Risk Assessment

The Importance of Appropriately Priced Assets

Ben Hart
CFO
Texans Credit Union

Does your credit union have the processes in place to ensure assets are priced appropriately?  What happens when assets are over or underpriced compared to markets.  Take a deep dive into the unintended consequences when your ALCO’s pricing strategies are reduced to market surveys.  In this session you will learn:

• Why it is important to appropriately price assets

• What are the consequences of mispriced assets on your balance sheet

• How do you get a realistic rate of return to ensure margins are protected

• What role does ALCO have in pricing decisions

Daily Wrap-Up

Breakfast (GP)

Opening Remarks

Asset Liability Management (ALM) Interest Rate Liquidity Risk

Adrian Johnson
Chief Financial Officer/Sr. Vice President
MECU Credit Union of Baltimore

With the recent NCUA Interest Rate Regulation (IRR) in effect, it’s imperative that your credit union is prepared.

Join Adrian Johnson for an informative session that will provide an overview of effective asset/liability management (ALM).

Adrian will lead you through current trends in ALM, the impact of economic issues on your credit union, a basic ALM strategy that will help your credit union compete and more.

• Organizing a successful ALM process

• The impacts of interest rate changes on cash flow and financial management

• Monitoring and measuring liquidity

• Measuring and understanding interest-rate risk

Networking/Refreshment Break

Preparing for NCUA's Interest Rate and Liquidity Risk Review

Ben Hart
CFO
Texans Credit Union

Is your staff ready for the scrutiny of NCUA’s IRR and Liquidity Risk review? Get insight into the regulator’s examination process so that you are prepared. 

In this session you will learn:

• How to effectively communicate with NCUA personnel, specifically capital market specialists

• The key components to the examination review process on IRR and liquidity risk

• Your role as a board member and executive staff as you interact with the regulator’s assessment of you IRR and liquidity risk profile

Daily Wrap-Up