Future planning, interest rate risk conclude BoD conference
May 19, 2014 – NAFCU's Board of Directors and Supervisory Committee Conference ended Friday with a lesson on how credit unions can plan for their future as well as a discussion on interest rate risk and how the latest technology can create value for credit unions.
Bill Handel, vice president of research and development with Raddon Financial Group, discussed with credit union volunteers Friday both how to create a future strategic plan and a succession plan. He provided credit unions with the tools required to effectively create such plans to ensure their stability for the future.
William McGuire, chairman emeritus of McGuire Performance Solutions, also presented Friday on interest rate risk. He explored expected performance and value outcomes if and when interest rates rise, what credit unions should look out for and how regulators are expected to react to changes in the interest rate.
Also on Friday, Ross Dawson, entrepreneur and strategy advisor, discussed the latest technology and how it can create value for credit unions. He discussed how to apply online technologies to build a more efficient credit union.
NAFCU Executive Vice President and COO Anthony Demangone delivered closing remarks at the conference and introduced next year's conference. The 2015 Board of Directors and Supervisory Committee Conference is May 11-13, 2015, in Louisville, Ky.
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