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.
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.
Aaron Lenhart, Sageworks' senior risk management consultant, led a breakout session about preparing for FASB's current expected credit loss (CECL) model.
CUNA Mutual Group's Jay Isaacson discussed new loss trends.
Former fighter pilot Rob Shallenberger, CEO of Becoming Your Best Global Leadership, aimed to help attendees better their work and personal lives.
Manage conflict to increase productivity and unleash your employees' discretionary effort, said Mike Zalewski, vice president of human resources for Michigan Schools & Government CU.
Diana Dykstra, president/CEO of the California and Nevada CU Leagues, discussed the competitive landscape, legislative and regulatory issues, and other industry trends.
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.
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."