BoD conference covers leadership, emerging risks
|TEAM Resources' Tim Harrington and NAFCU's Dan Berger opened Wednesday's conference with a look at respectively, lessons learned from actor Jimmy Stewart about leadership and the latest developments in Washington affecting credit unions. (Thayer photos)|
May 15, 2014 – Credit union volunteers at NAFCU's 2014 Board of Directors and Supervisory Committee Conference Wednesday learned of five basic leadership lessons from actor Jimmy Stewart during a keynote presentation from TEAM Resources President Tim Harrington.
Harrington, in sharing those five lessons, noted the importance of attendees' roles in the credit union industry and how they can grow their leadership skills. His five lessons learned from Jimmy Stewart are as follows:
- Teamwork is essential.
- People work better with purpose, planning and training.
- The leader must lead by example.
- Without integrity leaders diminish.
- Communicate confidence.
|Geoff Bacino, a former NCUA Board member, discussed emerging risks.|
Conference attendees also received a "Washington Update" Wednesday from NAFCU President and CEO Dan Berger. Berger discussed the regulatory environment and the potential impact of new and proposed regulations from NCUA and CFPB on credit unions and their members. He said the association was also continuing to press its message of "enough is enough" on the overregulation of credit unions in its interactions with regulators and Congress.
Former NCUA Board Member Geoff Bacino also led a two-part session on emerging risks for credit unions on Wednesday. In his first session, Bacino discussed 10 areas of risk, but focused on NCUA's risk-based capital proposal, regulatory overreach and cybersecurity. In his second session he went into greater detail on these three risk areas and discussed what every board member should know about them.
Today's program will include a keynote presentation from Sarah Michel, networking expert, on how to make board relationships work.
Breakout sessions today will focus on effective team building, best practices for the audit process, how to strengthen the alignment between the board and CEO and the dos and don'ts of crisis management and communication. The conference runs through Friday.
|Above, Anthony Demangone, NAFCU's EVP and chief operating officer, speaks to a packed room in a session on the Bank Secrecy Act, fiduciary duties and interest rate risk.|
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