You can find evidence of the evolving role of credit union chief financial officers throughout the agenda for the CUNA CFO Council Conference, which runs through Wednesday at the Disneyland Resort in Anaheim, Calif.
Managing the balance sheet still represents the foundation of the job description, of course—but leadership skills, cybersecurity knowledge, data analytics strategies, employee engagement, and other skills also come into play.
Following a preconference workshop that provided a behind-the-scenes look at Disney’s business practices, and a first-time attendees orientation, former Navy commander Mike Abrashoff delivered a keynote titled “It’s Our Ship—Putting the Leadership Roadmap to Work.”
Abrashoff’s grassroots leadership style, a break from the traditional command-and-control model, transformed the most dysfunctional ship in the Pacific fleet into its most combat-ready in just one year.
The Monday morning general session kicked off with an economic forecast delivered by Elliott Eisenberg, former senior economist at the National Association of Home Builders.
Breakout sessions Monday address preparing for the new current expected credit loss (CECL) model, taking a new approach to managing information security, optimizing earnings, implementing strategies to avoid large losses, creating front-line engagement through metrics, and more.
At Tuesday morning’s general session, a six-member panel featuring John Best of Best Innovation Group—a CUNA consulting partner—and other credit union experts and vendors will speak about “Big Data: The Management Revolution.”
Breakout sessions Tuesday center around major shifts in risk management, balance sheet strategies amid rate uncertainty, the balance of liquidity as a regulatory burden and business opportunity, portfolio management differentiators, loan participations, credit card cybersecurity, and more.
Also, the conference offers a bonus afternoon session at which CFOs can network with peers about NCUA exam experiences and share best practices.
On Wednesday, NCUA’s Owen Cole will address the agency’s new interest rate risk guidelines and the impact of the revised risk-based capital rule, and the conference closes with a high-energy session from former Hard Rock Café executive Jim Knight titled, “Culture that Rocks: How to Amp Up or Revolutionize a Company’s Culture.”
Knight strongly believes in the power of communication as a tool for executives to inspire staff.