| Annapolis, MD

CFO Summit

Save $200.00 with code CFOSAVINGS through 8/19/2022

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Signature Sponsor:

Gallagher

Tuesday, September 20

Sessions begin at 8:00 a.m. and end 3:00 p.m.
  • 7:00 a.m. - 8:00 a.m.
    Registration Opens
  • 7:00 a.m. - 8:00 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Join NAFCU President & CEO Dan Berger as he welcomes you to the CFO Summit. Dan will address how NAFCU is working for you to address the key issues facing credit unions today. You'll learn what's happening in the regulatory environment as well as what's happening on the Hill.

  • Your conference Emcee, Curt Long, NAFCU Chief Economist and VP of Research, will review what you can expect over the 3-day credit union CFO Summit.

  • Regulatory changes. Pandemic. Possible recession in 2023. Hear from NAFCU on the state of the credit union industry and what you can expect in regulatory oversight as we close out 2022 and enter 2023.

  • Amid record inflation, rising rates, supply chain issues, and a post-pandemic environment, you'll explore the current state of lending and what to expect moving forward to help you manage the finances.

    Confirmed Speaker: Mastercard Chief Economist, United States Michelle Meyer

  • A discussion on options and best practices to maximize recoveries and minimize additional losses on defaulted loans. This session will cover recommendations on how to navigate pre and post litigation and how to deal with some common pitfalls and hurdles (tbe’s, fraudulent transfers, BKs, SOLs). And ultimately, what makes the most sense for your institution?

  • Rising interest rates and low housing inventory has driven down both mortgage refinance and new purchase originations. Home values soared during the pandemic, and now with increasing interest rates, many homeowners are turning to home improvements rather than purchasing a new home. In addition, many younger buyers took advantage of low rates to purchase a home post-pandemic with specific improvements in mind, but no equity yet to leverage. In this session, we'll cover the home improvement lending outlook, current credit risks, and the benefits of a dual approach of offering home equity and home improvement loan options as we move past the pandemic and housing boom.

  • Energize for the second half of the day, and build stronger connections with your peers from credit unions across the country.

  • Working with a fintech can lead to valuable partnerships and a win-win scenario. Operational efficiency, expense reduction, improved member experience and increased revenue are just a few of the benefits credit unions have experienced in partnering with fintechs. You'll hear from credit unions who have created tremendous value in leveraging partnerships with growth strategies.  

  • Finance has always been an integral part of the M&A process. However, until relatively recently, that role for many finance teams has been primarily focused on performing financial due diligence and integrating financial systems.

    As creating scale and optimizing the financial structure are increasing in importance, many CEOs are leaning more heavily on finance teams to be at the forefront of identifying and presenting strategic opportunities of M&As that align with the credit union’s strategy and decision drivers. This session is designed to help those who want to elevate their approach and contribution to their M&A process. 

    This session is designed to help those who want to elevate their approach and contribution to their M&A process.  Key points will include:

    - A process for prioritizing areas to scale and needs for optimizing the structure

    - How to evaluate and identify the financial structures that may be the best fit for your organization

    - Questions to consider when evaluating potential opportunity costs and possible new strategic initiatives and/or delays of current strategic initiatives

  • Get ready to meet and share insights with other CFO credit union professionals. You'll participate in three 15-minute peer roundtable discussions, with each group discussing categories suggested by attendees and the challenges you’ve faced at your institution. Facilitators will help guide the interactions.

  • 4:00 p.m. - 5:30 p.m.
    Welcome Reception Presented by CUNA Mutual Group

Wednesday, September 21

Sessions begin at 8:00 a.m. and end 3:40 p.m.
  • 8:00 a.m. - 9:00 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Join Curt as he recaps Day 1 and introduces the line up for Day 2

  • In this session you'll gain a better understanding of market conditions and what may lay ahead and why. Join Graphsandlaugh's always-entertaining Bowtie Economist, Elliot Eisenberg, Ph.D., as he discusses all-new data points about the current and expected health of the economy. You'll learn the most recent statistics on a multitude of key topics such as: the depth and breadth of the current decline in GDP, timing of the recovery, auto lending, home loan activity, inflation, interest rates, the health of labor markets, the impact of pandemic and more.

  • As much as 24% of credit union deposits are at risk of flowing out of the financial industry in the next 18 months. That will impact credit unions' liquidity and funding. In fact, this could be the beginning of one of the most significant liquidity and funding events in history. And all this is happening with a new generation of finance executives at the helm – it's been more than 20 years since interest rates were anything close to normal. Dave McNab, CEO of FlowTracker Analytics,  will share learnings from his 40 years of industry experience around the globe as you explore more about this emerging issue.

  • 11:30 a.m. - 12:30 p.m.

    Energize for the second half of the day, and build stronger connections with your peers from credit unions across the country.

  • The CECL methodology goes into effect for the first quarter of 2023. Are you ready? We'll cover the latest details you need to know to be prepared and compliant including last-minute preparations, model refinements and loss predictions given current uncertainty and examiner expectations.

  • Cryptocurrency and blockchain has challenged the financial industry and credit unions are taking notice. NCUA has issued initial guidance with more forthcoming. Credit union members are seeking dependable, secure ways to invest with their trusted institutions. How does crypto fit into your credit union's business model, what are the risks, and how can it contribute to your financial strategy moving forward?

  • Organizations are relying on CFOs in new and challenging ways – beyond core financial functions and now as strategic leaders central to corporate planning and decision-making. Our session will address these changes including flexibility and enhanced benefits and investment in DE&I while containing costs and growing your organization.

  • In Part 1 of a 2-Part series, you'll discover best practices and strategies in pricing your loans in this rising rate environment to leverage your position and win over the competition.

  • Join this session to continue the conversation. You'll review the responses to the pre-conference survey. Compare your priorities and perspectives with your peers in the room for meaningful dialogue. This is sure to be a lively discussion!

  • A brief wrap up with Curt.

  • 4:30 p.m. - 5:30 p.m.
    Happy Hour Presented by Allied Solutions

Thursday, September 22

Sessions begin at 8:00 a.m. and end 12:00 p.m.
  • 7:00 a.m. - 8:00 a.m.

    Start your day with hot breakfast, and the opportunity to build stronger connections with your peers from credit unions across the country.

  • Join Curt as he recaps Day 2 and introduces the line up for Day 3

  • In Part 2 of our pricing session, you'll explore the best practices in pricing your deposit portfolio to maximize your competitive position.

  • C​​​ontinued regulatory pressure on overdraft programs and declining interchange income require investigation into alternative options for non-interest income sources. In this session, you'll review the latest regulatory updates, explore opportunities to expand your revenue sources and serve your members’ liquidity needs.

  • In this dynamic session, you'll hear Callahan & Associates tell the credit union story based on the 5300 report.  You'll get granular and explore the ups and downs of checking, money markets, CDs and more.

  • The ‘organizational flattening’ of finance departments has allowed for more autonomy amongst individual contributors, but it has also saddled finance leaders with far more management challenges, and teams with additional responsibility when it comes to overall business outcomes. You'll unearth strategies and tactics to help finance executives excel in this new world, with a focus on emerging workplace trends, managing expectations in a horizontal environment and building the kind of best-in-class team you’ll need to win now, and in the future.

  • Many organizations are undergoing significant change as they prepare for the future of their industries. As a function, the expectation for finance means evolving to new ways of thinking and new ways of working. The connection between what we do and how we do it becomes more pivotal to driving efficiency and critical insights for the business. How can you fully embrace transformation and driving change while still needing to meet the needs of the organization? You'll learn what drives a successful transformation and how finance leaders can use bold thinking and innovative methods to lead their organizations into future.

  • 12:00 p.m.

    A brief wrap up and conclusion with Curt.

This is a tentative schedule, subject to change as the program develops.