Scenes from the 2014 CUNA CFO Council Conference
The event concluded Wednesday in Las Vegas.
The bond market is changing almost as fast as the regulatory climate, Charley McQueen, president of McQueen Financial, said Wednesday during the 2014 CUNA CFO Council Conference in Las Vegas.
Providing supplemental board packets for financial information is a great way to keep directors in the know, said M.J. Coon (right), senior vice president/CFO for Ent FCU, Colorado Springs, Colo.
Joining her Tuesday were Jay Scungio, CFO for Freedom CU, Springfield, Mass., and Suzanne Weinstein, CFO for Orlando FCU.
Steve Rick said there are two types of economists: Those who can’t forecast interest rates—and those who don’t know they can’t forecast interest rates.
“I’m in the second camp,” said CUNA Senior Economist Steve Rick—who proceeded Tuesday to offer his take on the future of interest rates.
In the short term, Rick said the Federal Reserve will raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time.”
Fraud comes in many forms, whether it’s a “model employee” repeatedly raising her credit card limit to fund a gambling addiction, or a member swiping $400,000 of a relative’s money via automated clearinghouse, Jennifer Hoskins, CPA, said Tuesday.
She discussed seven common audit findings—and how to avoid them.
Board support and engagement in enterprise risk management is essential to the success of such efforts, Richard Reed, CFO of the National Cooperative Bank, said Tuesday.
Defined benefit retirement plans are expensive to fund and maintain—but 401(k) plans expose employees to market risk and participants’ neglect.
So how can a responsible employer help employees find security during their retirement years?
The answer lies in the “defined benefit-ization” of 401(k) retirement plans, Scott Knapp, director of retirement investment strategy for CUNA Mutual Group, said Tuesday.
This approach both shifts risk away employers and helps ensure a steady stream of retirement income for employees.
CUs have strong balance sheets but yields are compressing, said Brad Dahlman, product manager for Profitstars.
CUs must proactively manage their balance sheets in the face of rising interest rates, Mark DeBree, director of ALM services for Catalyst Strategic Solutions, said Tuesday.
Which is the best option for mortgages: fund or sell? Dan Hess, senior vice president/chief business officer for FHLBank examined that question Tuesday.