Conference Agenda

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The National Credit Union Supervisory Committee Conference is full of timely sessions packed with fresh ideas and innovative solutions to the issues facing today’s credit unions.

Thursday, January 16, 2020

PreConference Workshop: Financial Literacy for Supervisory Committee Members and Directors

Presented by Barry Lynch

11:30 a.m. - 1:00 p.m.

PreConference Registration

(Those attending the main conference are welcome to register at this time as well)

1:00 – 1:15 p.m.

Opening Remarks

1:15 – 2:30 p.m.

Part 1 - Financial Literacy for Supervisory Committee Members and Directors

Barry Lynch, Senior Compliance Officer, Co-Founder/CEO, Waypoint Advisory Services, Inc.

Since the passing of NCUA’s final rules 701.4 in 2010, General Authorities and Duties of Federal Credit Union Directors, it is expected that the overall financial knowledge of your credit union’s supervisory committee members and board of directors has increased.

As a reminder, the rule specifically states, “Each director has the duty to . . . have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement and to ask, as appropriate, substantive questions of management and the internal and external auditors . . .”

Many directors took a one-time online course to satisfy the regulation, but can you say your basic understanding of your CU was enhanced? With rates rising and earnings being squeezed, we have entered a period where the accountability for operating results falls on supervisory committee members & directors. Yet many do not understand the effects of interest rate risk to the balance sheet.

During this PreConference course, Barry Lynch will go well beyond the basics by attempting to develop a deeper understanding of your credit union’s financial performance. Each participant will have an opportunity to review their own, credit union-specific, set of Financial Performance Reports (FPRs) and calculate certain key ratios.

2:30 – 2:45 p.m.

Networking and Refreshment Break

2:45 – 4:15 p.m.

Part 2 - Financial Literacy for Supervisory Committee Members and Directors

Barry Lynch, Senior Compliance Officer, Co-Founder/CEO, Waypoint Advisory Services, Inc.


4:15 - 4:30 p.m.

PreConference Wrap Up

Thursday, January 16, 2020

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

5:00 - 6:00 p.m.

Conference Registration

6:00 – 7:00 p.m. (GP)

Welcome Reception

Join us for cocktails, light dining, and great conversation. Registered guests are welcome to attend.

Friday, January 17, 2020

8:00 – 9:00 a.m. (GP)

Sit-Down Breakfast

Join us for a hearty sit-down breakfast. Registered guests are welcome to attend.

9:15 – 10:15 a.m.

Is Fraud Really on the Rise?

Barry Lynch, Senior Compliance Officer, Co-Founder/CEO, Waypoint Advisory Services, Inc.

Typically fraud and embezzlement cases ebb and flow with the strength of the economy. We would expect to see historic cases of embezzlement during periods of high-unemployment and times such as the great recession of 2008. So why the recent uptick in fraud?

During this session, Barry Lynch, former NCUA Examiner and current interim CEO for as many as four credit unions, will walk you through his recent experience with fraud and embezzlement, examine the weaknesses, which existed in each case and discuss how they could have been prevented. In some cases, the key to prevention could have been—yep, you guessed it—the supervisory committee.

10:15 – 10:30 a.m.

Networking and Refreshment Break

10:30 – 11:30 a.m.

Minimize the Risk to Maximize the Reward of Social Media Engagement

Nicole Harper, Sr. Strategic Initiatives Analyst, Jack Henry & Associates

In our digital age, CUs need a social media presence to engage members and their local communities. However, using social media platforms can expose your financial institution to risk.

Your social media activity is subject to the same regulations that apply to the financial industry, including fair lending, anti-discrimination laws, and the FFIEC social media guidance.

Join Nicole Harper for an exploration of how the law applies to social media and, more specifically, how to comply with FFIEC Social Media Guidance to help you better understand how banking regulations apply to your credit union’s social media use. Nicole will share tips & resources to help your credit union execute its social media strategy while mitigating risk to attract and engage modern members in a social and compliant way.

11:35 a.m. – 12:35 p.m.

Fraud in the Financial Services

Deron Rossi, President, DJR Consulting

Risks are constantly evolving, and as a result, the internal controls must be dynamic to keep pace with the risk velocity. In the financial services arena, fraud can be more prevalent, and it can be crippling to a financial institution’s reputation.

As the Institute of Internal Auditors Three Lines of Defense states, the supervisory committee is the overlay to line management, risk managers and internal audit, who all need to be on the alert for fraud as part of the controls and audit processes. The supervisory committee also has a role to play.

In this interesting and lively session led by Deron Rossi, CFS, participants will discuss the “Fraud Triangle,” learn about some of the key findings in the Association of Certified Fraud Examiners (ACFE) 2018 Report to the Nations and get an update of some recent frauds in the Financial Services.

Hearing these stories about fraud will enhance your understanding of fraud along with your ability to identify and fight fraud. At the end of this program, participants will be able to:

  • Review the role of the supervisory committee
  • Understand fraud basics
  • Recognize fraudulent activities & how frauds are perpetrated
  • Identify red flags of fraud which aids in the controls build

12:35 – 1:35 p.m. (GP)

Group Luncheon

Join us for lunch. Registered guests are welcome to attend.

1:35 – 2:35 p.m.

7 Habits of Highly Effective Supervisory Committees

Ancin Cooley, Principal, Synergy Credit Union Consulting

The supervisory committee sets the tone for risk management in your credit union, but staying current on new regulations and legislation can be daunting. Learn key strategies and practical techniques for cultivating a responsible risk management culture during this informative hour.

  • The purpose, roles and behaviors of an effective supervisory committee
  • Ensuring a comprehensive audit planning process
  • Communicating effectively with management, auditors and regulators
  • Applying project management techniques to correct audit and regulatory findings
  • Establishing quality control processes
  • Current regulatory hot buttons
  • Examine an audit report

2:40 – 3:40 p.m.

How to Prepare for Regulatory Examinations

Brian McKeever, Consultant to Financial Institutions, Experience in Regulatory Compliance & Money Laundering

Benefit from a step-by-step guide to regulatory exam preparation.

  • First day letters
  • Treatment of confidential supervisory information
  • MRA’s versus MRIA’s
  • Review of prior examinations
  • Cease and desist Orders
  • Treatment of regulators
  • Review of policies and procedures
  • Test results
  • Training activities

3:40 – 4:00 p.m.

Daily Wrap-Up

Saturday, January 18, 2020

8:00 – 9:00 a.m. (GP)

Sit-Down Breakfast

Join us for a hearty sit-down breakfast. Registered guests are welcome to attend.

9:00 – 9:05 a.m.

Opening Remarks

9:05 – 10:05 a.m.

Emerging Risks in the CU Environment - What Every Supervisory Committee Needs to Know

Jerry Tenbrink, Owner, J. Tenbrink & Associates

Recent years have been characterized by a substantial number of risks and challenges to your credit union. They’re not going away, and they’re not diminishing in number.

How effective will your supervisory committee be in assessing and navigating these rough waters? How will it survive them?

Jerry Tenbrink will guide you through the most intense areas credit unions are facing now and how to conquer them.

10:05 – 10:20 a.m.

Networking and Refreshment Break

10:20 – 11:20 a.m.

The Bank Secrecy Act (BSA) Update and Review

Tim Quinn, Owner/Operator, Success From the Inside Out

All credit unions must comply with the Bank Secrecy Act (BSA) and the board of directors is ultimately responsible for ensuring that your CU maintains an effective internal control structure, including suspicious activity monitoring and reporting.

Join Tim Quinn as he outlines the act, its purpose, current requirements and reporting procedures that all CU directors are required to be familiar with regarding BSA.

Money is the fuel for all kinds of activities, both good and “not so good.” Make sure that your credit union has the systems in place to monitor transactions and is in compliance with these federal requirements.

11:25 a.m. – 12:25 p.m.

Deep Dive Into the Audit Universe: Planning, Execution & Evaluation

Ancin Cooley, Principal, Synergy Credit Union Consulting

Doing the job:

  • Understanding your audit universe
  • The internal audit plan
  • The IT audit plan
  • The loan audit plan
  • The external audit plan

Practical application reviewing reports:

  • Mock Report: Understanding Internal Audit reports and questions to ask
  • Mock Report: Understanding the Examiner Report and questions to ask
  • Priorities and Minimal Resources
  • Assessing program effectiveness

12:25 – 12:45 p.m.

Daily Wrap-Up

Take the Afternoon & Evening to Enjoy the Sites, Sounds & Flavors of San Diego!

Sunday, January 19, 2020

Travel Day. Have a safe trip home!