Other great speakers:
• David Hilton, D. Hilton Associates Inc. outlined what it will take for CFOs to make it to the very top. He addressed what CFOs should and shouldn’t do in an interview, and how CFOs should prepare to become the CEO.
With a significant number of CEOs retiring in the next five years, CFOs need to be ready to lead. This session went a long way in planting the seed of preparation.
• Mario Shiliashki, MasterCard Worldwide, discussed “Innovative Payment Solutions” and the need to be relevant in technology. With the move to mobile payment technologies, EMV cards, and the digital transformation of business, credit unions must invest in technology and stay ahead of the curve.
Credit unions have the opportunity to use technology to know our members' spending behaviors. This will allow credit unions to target-market, offer targeted rewards programs, and improve member loyalty.
• Clifton Gunderson presented a mini workshop on merger accounting, including a step-by-step guide to completing due diligence, conducting a valuation of the acquired credit union, and the changes to the accounting rules.
• Lisa Renner, CU Holding Co., detailed the importance of collaboration and how it can drive the bottom line and improve value for members. She says the credit union model is at a crossroads, and in order to make it to the next level, credit unions must collaborate! She presented several examples currently in the industry, and then challenged attendees to think of ways their credit unions could collaborate.
• Bill Cheney, CUNA president/CEO, presented an update on the industry, including key regulatory and legislative issues.
• Tina Gibson, president of So Savant, led a breakout session on the principles of leadership. This engaging and interactive session was well received as Tina reminded CFOs of the power of strong leadership. She says time doesn’t change the principles of leadership.
• Ryan Hayhurts, The Baker Group LP, discussed “Investment Strategies for 2011 and Beyond.” This packed session was something all CFOs wanted to listen to.
With market rates at historic lows, coupled with historically low loan growth, the investment portfolio has become an increasingly important part of credit unions’ balance sheets. Ryan explained how to increase portfolio yield while minimizing interest rate risk.
Next: Out of the ordinary