Sec. Rice shares optimism for country in conversation with Berger
NAFCU's Virtual Congressional Caucus kicked off Monday with a wide-ranging discussion between 66th U.S. Secretary of State Condoleezza Rice and NAFCU President and CEO Dan Berger that covered global challenges, the value of credit unions, cybersecurity threats, and more.
Sec. Rice – whose opening keynote was provided with special support from Allied Solutions – acknowledged the "disorienting" impact of the coronavirus pandemic, as well as social unrest. While reflecting on her experiences growing up in the segregated South and serving as national security advisor to President George W. Bush, Sec. Rice outlined inequalities that have been exacerbated during the pandemic.
After her remarks, Berger joined Sec. Rice for a Q&A session during which he asked her about her experiences as national security advisor and how credit unions can contribute to societal change.
Sec. Rice called cybersecurity a "huge threat," adding that leaders must play an integral role in educating employees on how to detect and deter cyberattacks. She reiterated the importance of sharing best practices and discussed congressional efforts to establish a national data security standard, which NAFCU has long called for.
Prior to Sec. Rice's opening keynote, Berger provided attendees with a Washington Update. Berger reviewed key provisions in coronavirus relief packages passed so far, and what NAFCU continues to fight for as Congress works on a Phase 4 package. He highlighted the association's close work with Congress and regulators to deliver wins for credit unions, such as expanded access to the NCUA's Central Liquidity Facility (CLF), relief and clarification from the CFPB as it relates to electronic disclosures and Regulation X, the Federal Reserve's removal of the Regulation D transfer limit, and delay of the Federal Housing Finance Agency's (FHFA) adverse market refinance fee.
On the economy, Berger outlined expectations for GDP growth, labor market, and sales activity, and also highlighted how consumers have used economic impact payments (EIPs) and how credit unions have performed in the first half of the year.
NAFCU's Virtual Congressional Caucus continues today. Registration is still open here. Plus, attendees will have access to on-demand recordings of the event for the next two weeks. An online event community also allows attendees to connect with peers and access key resources to boost advocacy efforts. Attendees can also see the full, detailed agenda with tentative start times for all speakers.
Stay tuned to NAFCU Today for recaps from the event and follow #NAFCUCaucus on Twitter for live highlights.
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 firstname.lastname@example.org 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 email@example.com 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 firstname.lastname@example.org America/New_York public
Strategic Resource Management
Strategy, Marketing, Growth & Retention, Customer Engagement
CUNA Mutual Group
Get daily updates.
Subscribe to NAFCU today.