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Thursday, NAFCU concluded its 2022 CFO Summit in Annapolis, Md., where attendees learned the best practices to advance credit unions even further into the future, and strengthened their understanding of the latest industry, economic, and regulatory data trends affecting their day-to-day roles and responsibilities.

During the event, attendees responded to several polls with notable results. In one poll regarding the probability that the U.S. economy falls into a recession before the middle of next year, 37.5 percent of respondents answered 60-80 percent and 23.6 percent of respondents answered 40-60 percent. Additionally, 19.4 percent answered 20-40 percent, 18.05 percent of respondents responded 80-100 percent, and 1.3 percent of respondents chose 0-20 percent. Other topics of interest included fintechs, inflation risks, and more.

Sessions prepared attendees to overcome today’s biggest challenges by uncovering strategies to fight fraud and prepare for new examination procedures. Session topics included:

• proper deposit management in a rising rate environment;   
• the NCUA’s new current expected credit loss (CECL) tool;   
• best practices of loan and deposit pricing; and   
• how to prepare for the future of finance.   

Learn more about the summit and view the full list of 2023 NAFCU conferences. In case you missed it – grab an extra early registration for our 2023 CFO Summit being held next September in Las Vegas, Nev.! Save $250.00 off with code CFOSUCCESS through October 14.