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NAFCU's Board of Directors and Supervisory Committee Conference began yesterday in San Francisco with two concurrent pre-conference workshops and resumes today with an industry update from association President and CEO Dan Berger.

One of Monday's pre-conference workshops, led by NAFCU Executive Vice President and COO Anthony Demangone, allowed both new and seasoned directors and supervisory committee members to better understand their role and how the credit union system works. It also offered participants the opportunity to earn credits for the NAFCU Certified Volunteer Expert program.

The other pre-conference workshop, led by c. myers corporation's Executive Vice President Rob Johnson and Vice President Brian McHenry, offered board members an overview of different financial statements, including various financial literacy principles and credit union financials.

Today, Berger will kick off the week's presentations with a welcome address and a Washington and credit union industry update on current legislative and regulatory news and its impact on credit unions.

Attendees today will also hear a presentation on CFPB's supervision and examination programs from CFPB West Region Director Edwin Chow and an update on the latest news relating to the Bank Secrecy Act from NAFCU Director of Education Devon Lyon. Attendees will also have the opportunity to tour San Francisco.

For up-to-the-minute information on the conference, follow @NAFCU on Twitter with the hashtag #CUBoards. The conference, open to NAFCU members and nonmembers, continues through Thursday.