Detecting Fraud & Managing Risks Conference

June 21 - 25, 2023 | Hyatt Regency Savannah | Savannah, Georgia

CU Conferences brings together top credit union advisors to attack fraud and risk management issues head-on. Join credit union board of directors, supervisory committee members, CEOs, auditors, managers and other credit union leaders from across the country as we find solutions to these everyday challenges. Plus, earn CPE Credits for attending this important conference.

Earn 12 CPE credits while attending this conference.

Registration & Hotel Information

Conference Registration

We offer an excellent educational return on your conference investment. Register early for the best conference rates!

Guest Program

Our Guest Program enables your registered guest(s) to join you during the following conference events: ($299 Additional)

Hotel Reservation

Book your room online or call the Hyatt Regency Savannah at 912-238-1234. Be sure to mention CU Conferences to receive rates starting at $299.

Cancellation Policy: 72 hours prior to 11:59 p.m. local time the day of arrival to check in to avoid one night fee. 

Rates are based on availability. If you are unable to book a room, call CU Conferences at 888-465-6010 for assistance.

Airport and Ground Transportation

Savannah International Airport (SAV) is approximately 30 minutes from the Hyatt Regency Savannah. 

Parking


**All rates listed are subject to change and are estimates. Please check rates with the ground transportation taxi and shuttle booth prior to departure.

Weather

The average temperature in Savannah is mid 80s/90s during the day and mid to upper 60s/70s in the evenings. 

Speaker Information

Stay tuned for speaker information.

Bill Farley
President/CEO, aCUmen America, LLC

Randy Romes Principal/Information Security, CliftonLarsonAllen

Deron Rossi
President, DJR Consulting

Brian Smith-Vandergriff, CFO, Ohio University Credit Union

Conference Agenda

Subject to change. Registered guests are welcome during these (GP) credit union conference events.

Wednesday, June 21, 2023

4:00 - 5:00 p.m.

Conference Registration

5:00 - 6:00 p.m.

Welcome Reception: Co-Sponsored by OM Financial

Enjoy cocktails, light dining & great conversation with other credit union leaders from across the nation, their guests and “The Ones in Red” before enjoying your first evening in Savannah.

CU Conferences is grateful for the support of its sponsor, OM Financial, and would like to thank them for co-sponsoring the reception. Learn more about OM Financial.

Thursday, June 22, 2023

8:00 - 9:00 a.m.

Sit-Down Breakfast (GP)

9:00 - 9:15 a.m.

Opening Remarks

9:15 - 10:15 a.m.

Topic and Presenter TBD

10:15 - 10:30 a.m.

Networking/Refreshment Break

10:30 - 11:30 a.m.

Fraud Update: What the Board and Supervisory Committee Need to Watch Out For

Deron Rossi, President, DJR Consulting


Fraud risks are constantly present, even in good times. In an era of uncertainty and recession fears, the risk of fraud increases.  It is not a time to get complacent, or worse, to assume that someone else is watching out for fraud risks. The board has a responsibility, along with the supervisory committee, to keep their eye on the ball. In the financial services industry, fraud can be more prevalent, and it can be crippling to a financial institution’s reputation.

Deron will highlight the key findings in the Association of Certified Fraud Examiners (ACFE) 2022 Report to the Nations.  He will also share some fraud trending from previous versions of the ACFE reports so attendees can see how the trends are going.  You will also hear some recent frauds in financial services, including one from one of the largest credit unions in the country, showing fraud can hit any credit union, large or small.  In the end, attendees will walk away with an augmented understanding of what to watch out for in the area of fraud risk. 

11:35 a.m. - 12:35 p.m.

Tales from the Darkside...How to Steal a Billion Dollars...and How to Prevent It - Part I

Randy Romes, Principal/Information Security, CliftonLarsonAllen


Organized crime has figured out how to make money at computer hacking and cyber fraud. They are developing & applying “business models” to improve and enhance their techniques and profitability, which have resulted in significant compromises of back-end payment systems (SWIFT, ACH, credit card processing)


This session will explore case studies from several such significant breaches, describe lessons learned from each event, and highlight key control strategies, and specific critical controls that need to be in place to prevent and/or mitigate these types of breaches. Case studies will include Corporate Account Take Overs (CATO’s) and payment system compromises (SWIFT and ACH).

12:35 - 1:35 p.m.

Sit-Down Luncheon (GP)

1:35 - 2:35 p.m.

Tales from the Darkside...How to Steal a Billion Dollars...and How to Prevent It - Part I

Randy Romes, Principal/Information Security, CliftonLarsonAllen


During Randy’s two-part session his objective is to equip you with the understanding & knowledge to . . .

2:40 - 3:40 p.m.

Lessons Learned from Financial, Market, and Health Crisis

Brian Smith-Vandergriff, CFO, Ohio University Credit Union


While there is not a playbook for every crisis, there are some themes that have emerged for steering credit unions through a range of disruptions. We will review some of those themes, as well as have an opportunity for conference attendees to share experiences from their own credit unions.

3:40 - 4:00 p.m.

Daily Wrap-Up

Friday, June 23, 2023

8:00 - 9:00 a.m.

Sit-Down Breakfast (GP)

9:00 - 9:15 a.m.

Opening Remarks

9:15 - 10:15 a.m.

Economic Update

Bill Farley, President/CEO, aCUmen America, LLC


GDP, interest Rates, unemployment, housing, inflation, recession…all of these are top of mind when navigating our credit unions into the future. We’ll review these key economic indicators as well as an analysis of the credit union marketplace to help you make better strategic decisions through 2023 and beyond

10:15 - 10:30 a.m.

Networking/Refreshment Break

10:30 - 11:30 a.m.

Topic and Presenter TBD

11:30 a.m. - 12:30 p.m.

Modern Risk Management

Brian Smith-Vandergriff, CFO, Ohio University Credit Union


Credit unions are in the "risk" business by design as we manage the needs of borrowers and savers.  This session will provide insights into understanding the various types of risks that credit unions face, as well as some discussion of ways to monitor and manage those risks.

12:30 - 12:45 p.m.

Daily Wrap-Up

Spend the Afternoon & Evening Enjoying the Sites of Savannah!

Saturday, June 24, 2023

8:00 - 9:00 a.m.

Sit-Down Breakfast (GP)

9:00 - 9:05 a.m.

Opening Remarks

9:05 - 10:05 a.m.

Procurement Fraud/Third Party Risk: Are you Watching for Money Walking out the Door?

Deron Rossi, President, DJR Consulting


Credit unions are more reliant than ever on third parties. Some of the third parties may be business partners, some are vendors.  Managing fraud risks caused by third parties is one of the areas of continued concern with fraud and risk professionals. Many times, boards and supervisory committees do not have visibility to the amount of spending on third parties, yet alone to the bidding process, the level of criticality of each vendor, etc.  


If you are not watching, money will be leaving your credit union and you might not even know it. Third party management is an area where you can be in the headlines for fraud at your credit union, and nobody wants that!

 

In this session, we will share best practices in this critical area of risk.

10:05 - 10:20 a.m.

Networking/Refreshment Break

10:20 - 11:20 a.m.

Blind-Sided Risks

Bill Farley, President/CEO, aCUmen America


From insurance ,to policies and procedures, to disaster recovery manuals, credit unions can identify and manage most risks.  Unfortunately, risk is a moving target.  In this session we will review two unconventional risks and how to mitigate them effectively.

11:20 - 11:45 a.m.

Conference Wrap-Up

1:00 - 2:30 p.m.

Optional Luncheon Paddleboat Cruise ($75 Additional)
Tickets are Limited

Take a short walk from the Hyatt Regency Savannah and join fellow conference attendees and the “Ones in Red” for an afternoon of cruising and dining. This scenic excursion includes a delicious southern buffet with all the trimmings & a narrated tour along the picturesque Savannah River.

Spend the Afternoon & Evening Enjoying the Sites of Savannah!

Sunday, June 25, 2023

Travel Day - Have a Safe Trip Home!

Register Early and Save!