The NAFCU Journal: Inside-look at Rep. Waters' work, SBA loan opportunities, member growth
The September-October edition of The NAFCU Journal is now available online and includes features on how credit unions can strengthen their commercial lending through loan opportunities with the Small Business Administration (SBA) and grow of future members by serving their communities through financial literacy.
The new edition features a Q&A with Rep. Maxine Waters, chairwoman of the House Financial Services Committee, where she shares insights to her approach as a lawmaker, and her committee's work to ensure a fair playing field for credit unions. Those attending NAFCU's Congressional Caucus this week will get the chance to hear directly from Waters Wednesday. The July-August edition featured a similar Q&A with Senate Banking Committee Chairman Mike Crapo.
In addition to the articles on participating in SBA loan programs and engaging future members through financial literacy, "Big Moments, Bigger Wallet Share" discusses how products and services focused on major life events can attract and retain members.
Also included are several segments from NAFCU members and employees offering advice and insight into the world of credit unions. Find the rest of the available section online below:
- From the Chair: How strong is your credit union
- The Bottom Line: Cutting the cord with LIBOR
- Executive Spotlight: Timothy Anderson, President/CEO, United States Senate Federal Credit Union
- Management Insight: Lessons From a First-Year CEO
- Compliance Central: IRS Clarifies Excise Tax Reporting Rules for Federal Credit Unions
- Inside NAFCU Services: Honoring Innovative Credit Union Solutions
- From the President's Desk: Setting the Record Straight
Add to Calendar 2020-10-20 14:00:00 2020-10-20 14:00:00 Creative Growth Strategies for COVID-19 and Beyond: Credit Union Panel About the Webinar In this panel discussion, credit union leaders will introduce strategies that have helped them continue to thrive through the pandemic. Key topics addressed include: Successful lending growth and risk mitigation strategies Digital and account strategies driving member activity and sales Recommended tips for responding to current trends, while planning for the future Watch the Webinar On-Demand Web NAFCU email@example.com America/New_York public
Add to Calendar 2020-10-20 14:00:00 2020-10-20 14:00:00 Insurance Issues in the Time of COVID As the COVID-19 health crisis lingers, businesses continue to look to insurance for protection against losses due to revenue loss, cancelled events, government shutdown orders, and other coronavirus-related losses and resulting litigation. Join two Hunton Andrews Kurth insurance coverage attorneys, Sergio F. Oehninger and Geoffrey Fehling, as they discuss the complex issues involving insurance for COVID-19 losses. Attendees will leave this webinar with a better understanding of what policies may provide coverage for losses incurred during and after the COVID-19 pandemic; the importance of reviewing insurance policies to evaluate the adequacy of coverage both before and after a loss arises; and practical tips to navigate tricky areas such as notice, loss submissions and policy renewals. Key Takeaways Discuss the myth of “No coverage for COVID-19” that insurers and traditional media outlets are saying Review policies before a claim arises to be prepared and protected by insurance for the next loss Discuss COVID-19 claims tied to shutdown orders, business closures, loss of use of business facilities and similar suspended operations Register Now For On-Demand AccessRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until October 20, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Risk Managers (NCRMs) Chief Operating Officers (COOs) Chief Financial Officers (CFOs) Risk staff Education Credits NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Discuss the myth of “No coverage for COVID-19” that insurers and traditional media outlets are saying. Review policies before a claim arises to be prepared and protected by insurance for the next loss. Discuss COVID-19 claims tied to shutdown orders, business closures, loss of use of business facilities and similar suspended operations. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Specialized Knowledge – Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
Credits: NCRM, CPE
Add to Calendar 2020-10-20 09:00:00 2020-10-20 09:00:00 Automating Vendor Invoice Auditing to Improve the Bottom Line Listen On: Key Takeaways: [02:04] Now is the most important time to be looking at back-office operations and trying to determine if there are ways to access low hanging fruit and turn that into some costs savings at a time when that asset is precious. [08:43] Automating is almost like a type of insurance going forward because our contracts are living, breathing things and they change, and therefore the invoice changes. It is also a more professional way to handle vendors. [13:06] You release human capital to be used in other places in your back office. If the machine finds an error you also save the money before you pay the invoice. Web NAFCU email@example.com America/New_York public
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