Executive Leadership

March 21, 2023 Add to Calendar 2023-03-21 14:00:00 2023-03-21 14:00:00 Member Webinar: Board Succession Planning Change is a constant and credit union boards are not immune. The increasingly competitive landscape, and high-performing CEOs, should be stimulating all boards to proactively address board-level succession planning. Too often boards find themselves in a reactive state, forced to implement board-succession measures with decades' worth of impact. Put differently, a board’s methodical and research-based approach to succession planning increases the options it has to strategically manage change at the governance level. Board succession planning is one of the most strategically impactful processes an organization undergoes. During this Board Succession Planning webinar, DDJ Myers will present how to comprehensively and practically implement board succession planning best practices. Related topics to board succession planning, such as composition, board-room dynamics, development, recruitment, onboarding, compensation, and establishing performance standards will provide greater context on to how to approach this important measure. Ground-breaking research and credit union-relevant examples of applications of the presented content will provide a real-world understanding of how to apply the learning. Key Takeaways Obtain a roadmap to elevate every board’s succession practice Discover current industry trends in board demographics and representation Learn how to benchmark the needed portfolio of skills and representation Explore how to start a board recruitment and onboarding process Investigate key dynamics that inform succession planning progress Delve into how to address blind spots Unearth the dynamics of accountability and compensation COMPLIMENTARY MEMBER ONLY CONTENT Log in Now Go to the Online Training Center to access the webinar after purchase » Who Should Attend C-suite Executive vice presidents Board Members Education Credits This webinar doesn't qualify for any continuing education credits recognized by NAFCU or NASBA. Web NAFCU digital@nafcu.org America/New_York public

Member Webinar: Board Succession Planning

May 01, 2023 Add to Calendar 2023-05-01 01:00:00 2023-05-01 01:00:00 Salary Comparison Report Download the latest Salary Comparison Report to review staff salary data for credit union industry positions in your state or metropolitan statistical area. These files allow you to view annual and hourly salary ranges for select positions, as well as historical median pay and growth rates. The report compiles data from the Bureau of Labor Statistics spanning across industries or within the depository institutions sector, allowing you to benchmark staff salaries with other businesses with whom you are competing for top talent. Download the ReportThis report is exclusive to member CEOs only. Login required. Note: This is a large file and may take a few minutes to download. Data is compiled from the Bureau of Labor Statistics and last updated May 2023.  Are you looking for information on executive compensation and benefits? NAFCU and preferred partner Gallagher co-sponsor the NAFCU Executive Compensation & Benefits Survey of credit unions annually. For more information click here. Location NAFCU digital@nafcu.org America/New_York public

Salary Comparison Report

January 11, 2024 Add to Calendar 2024-01-11 09:00:00 2024-01-11 09:00:00 Near and Non-Prime Consumer Trends and Preferences in the Used and New Car Markets Listen On: Key Takeaways: [0:59] How did the year go for Open Lending? [3:55] The Fed's interest rate hike disproportionately affects non-prime consumers, leading to unexpected high interest rates and potential market exclusion. [5:44] Lenders face shrinking profitability and loan volumes due to fewer eligible borrowers, compounded by extended car ownership impacting liquidity. [6:47] Matt discusses how analyzing car preferences aids lenders in assessing near non-prime borrowers' creditworthiness and financial stability effectively. [8:19] Matt emphasizes that for newer non-prime consumers, cars serve as essential lifestyle tools, not just status symbols. [9:40] Matt argues that cost and limited infrastructure deter non-prime borrowers from considering EVs; collaboration is crucial for broader accessibility. [10:53] Open Lending's solutions, like Lenders Protection, aid credit unions in serving near non-prime consumers effectively.  Web NAFCU digital@nafcu.org America/New_York public

Near and Non-Prime Consumer Trends and Preferences in the Used and New Car Markets

Consumer Lending, Auto Loans

March 26, 2024 Add to Calendar 2024-03-26 09:00:00 2024-03-26 09:00:00 Ensuring Safety and Soundness with AI Listen On: Key Takeaways: [03:48] The regulators are very focused on fairness in lending especially when it comes to using AI and outside models. The industry is moving very fast. [08:25] Articulating a business use case and how partnering with a Fintech can support it is the first step in having a successful conversation with your board. [10:30] Talk to your account executive at your Fintech and have them help you overcome objections.  [15:01] Plan for oversight. It is not set and forget it. Your regulators are going to want to know how you are overseeing that from a 3rd party risk management standpoint. [15:47] Have a handle on your reserves and capacity for lending and start small and grow slowly. Web NAFCU digital@nafcu.org America/New_York public

Ensuring Safety and Soundness with AI

Consumer Lending, FinTech

February 28, 2024 Add to Calendar 2024-02-28 09:00:00 2024-02-28 09:00:00 Navigating the Threat of Social Engineering and Misinformation Listen On: Key Takeaways: [1:01] What is threat intelligence, and why is it important to CUs? [2:14] What are threat intelligence feeds, and what role do they play in strengthening CUs? [4:41] Leveraging threat feeds and integrating intelligence into tools is crucial. [6:35] Learn what threat CUs should be most concerned about. [7:39] Phishing is ever-evolving, and user awareness is critical. [10:43] Learn how Defense Storm uses feeds to protect its customers. [13:28] Threat intelligence is not as complicated as some think; initiation can be easy through Slack, discussions, and a reporting culture. Web NAFCU digital@nafcu.org America/New_York public

Navigating the Threat of Social Engineering and Misinformation

Cybersecurity