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CUNA CFO Council Conference 2016: Scenes from Monday

CUNA CFO Council Conference underway in Anaheim

Looming CECL changes, information security, and earnings strategies top the agenda.

May 17, 2016

Credit unions have some significant competitive advantages over banks but they don't always take advantage of them, speakers told CUNA CFO Council Conference attendees Monday in Anaheim, Calif.

Monday’s sessions featured an economic forecast from acclaimed economist Elliott Eisenberg, how to prepare for the Financial Accounting Standards Board’s (FASB) CECL (current expected credit loss) model, and a look at the evolution of information security.

This year's conference has 535 attendees. Following are highlights from Monday.

  • Slide 01

    Another recession is unlikely in the immediate future, according to Elliott Eisenberg, acclaimed economic expert and former senior economist at the National Association of Home Builders.

  • Slide 02

    Aaron Lenhart, Sageworks' senior risk management consultant, led a breakout session about preparing for FASB's current expected credit loss (CECL) model.

  • Slide 03

    CUNA Mutual Group's Jay Isaacson discussed new loss trends.

  • Slide 04

    Former fighter pilot Rob Shallenberger, CEO of Becoming Your Best Global Leadership, aimed to help attendees better their work and personal lives.

  • Slide 05

    Manage conflict to increase productivity and unleash your employees' discretionary effort, said Mike Zalewski, vice president of human resources for Michigan Schools & Government CU.

  • Slide 06

    Diana Dykstra, president/CEO of the California and Nevada CU Leagues, discussed the competitive landscape, legislative and regulatory issues, and other industry trends.

  • Slide 07

    Proper allocation of capital and the use of nonmember funding sources can significantly impact your bottom-line results, said Bob Colvin, CNBS' chief strategist & senior advisor.

  • Slide 08

    CUs have some significant competitive advantages over banks, but they don't always take advantage of them, said Chris Lawrence, CFO at American First CU, during the breakout session "Kicking Bank A$$ets."