Detecting Fraud & Managing Risks Conference
June 20 - 23, 2024 | Omni Parker House | Boston, Massachusetts
Register on or Before May 16, 2024 and Save $50!
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 10.8 CPE credits while attending this conference.
Conference Quick Links:
Registration & Hotel Information
Conference Registration
We offer an excellent educational return on your conference investment. Register early for the best conference rates!
On or Before April 18, 2024: $1345
April 19, 2024 – May 16, 2024: $1395
May 17, 2024 and Beyond: $1445
Guest Program: $299
Guest Program
Our guest program enables your registered guest(s) to join you during the following conference events:($299 additional per guest)
Thursday's Welcome Reception
Friday's Breakfast
Friday's Sit-Down Luncheon
Saturday's Breakfast
Hotel Reservation
Book your room online or call Omni Parker House at (617) 227-8600. 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*
Logan International Airport (BOS) is approximately 3 miles from Omni Parker House.
Taxi fare from airport to Omni Parker House is approximately $30.
Parking:
Omni Parker House offers secure valet parking, at the rate of $57, per night.
*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 of Boston in June is mid 70s during the day and mid to upper 50s/60s in the evenings.
Speaker Information
Becky Garton, Risk Consultant, Risk and Compliance Solutions
TruStage
Ben Hart, CFO
Texans Credit Union
Bruce Hoogstraten, President
High Street Coaching, LLC
Adrian Johnson, CFO/Sr. Vice President
MECU CU of Baltimore
Sarah Sorenson, Director
The Summit Federal
Conference Agenda
Subject to change. Registered guests are welcome during these (GP) credit union conference events.
Thursday, June 20, 2024
11:30 a.m. - 1:00 p.m.
Conference Registration
1:00 - 1:15 p.m.
Opening Remarks
1:15 - 2:15 p.m.
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.
2:15 - 2:30 p.m.
Networking/Refreshment Break
2:30 - 3:30 p.m.
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
3:30 - 3:45 p.m.
Daily Wrap-Up
5:00 - 6:00 p.m.
Welcome Reception (GP)
Friday, June 21, 2024
8:00 - 9:00 a.m.
Breakfast (GP)
9:00 - 9:15 a.m.
Opening Remarks
9:15 - 10:15 a.m.
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
10:15 - 10:30 a.m.
Networking/Refreshment Break
10:30 - 11:30 a.m.
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
11:35 a.m. - 12:35 p.m.
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.
12:35 - 1:35 p.m.
Sit-Down Luncheon (GP)
1:35 - 2:35 p.m.
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
2:40 - 3:40 p.m.
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
3:40 - 4:00 p.m.
Daily Wrap-Up
Saturday, June 22, 2024
8:00 - 9:00 a.m.
Breakfast (GP)
9:00 - 9:15 a.m.
Opening Remarks
9:15 - 10:15 a.m.
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
10:15 - 10:30 a.m.
Networking/Refreshment Break
10:30 - 11:30 a.m.
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