Synthetic Identities have made their way into the credit union ecosystem. Find out what you need to look for, and how can you prevent “synthetic” individuals from becoming members of your credit union.
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Presented By
Chris Danese, Principal Consultant, Mastercard
Chris Danese is a Principal Consultant at Mastercard with nearly 20 years of experience as a VP of Fraud, Operations, Governance, and Control Management. Prior to joining Mastercard, Chris was a subject matter expert in Fraud and Identity Verification at Experian Advisory Services for clients that included Credit Unions, Student Lenders, and Short-term Lenders.
Add to Calendar2024-04-25 14:00:002024-04-25 14:00:00Unifying Two Different Executive Benefits Programs
About the Webinar
In part one we discussed how to retain key positions during a time of transition. In part two, we will look at how to combine executive benefits programs from two different organizations into a single high-performing program. Evaluating each program includes many different facets, from strategy and expense to performance and servicing. This session will provide important considerations, whether or not you have pending M&A activity.
Key Takeaways:
Is the plan design both retentive and efficient?
Is the benefit expense properly mitigated?
Does the legal agreement reflect the board’s intent?
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WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2024-04-24 14:00:002024-04-24 14:00:00Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage
About The Webinar
Join us to learn more about network lending, a cooperative model allowing credit unions to optimize liquidity and achieve loan growth. Discover how credit unions can participate in loan pools with other institutions, allowing them to diversify portfolios, access loans with potentially lower risk and higher yields, and expand lending capacity without necessarily needing a surge in deposits. Delve into how credit unions can pool their resources, set common underwriting and pricing standards, and collectively originate, buy, and sell loans to optimize liquidity management. Hear from your peers about best practices, case studies, and practical strategies to harness the full potential of network lending and how it's helped their credit unions. Don't miss this valuable opportunity to learn how to strengthen your credit union's position in today’s competitive environment.
Key Takeaways:
How network lending differs from traditional lending
The benefits of participating in loan pools with other credit unions
How credit unions can set common underwriting and pricing standards and collectively originate, buy and sell loans to optimize liquidity management
Why network lending is critical to loan growth
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WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2024-04-15 09:00:002024-04-15 09:00:00Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
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Key Takeaways:
[03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union.
[05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization.
[09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway.
[13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate.
[17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels.
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic
Add to Calendar2024-03-26 09:00:002024-03-26 09:00:00Ensuring Safety and Soundness with AI
Listen On:
Key Takeaways:
[03:48] The regulators are very focused on fairness in lending especially when it comes to using AI and outside models. The industry is moving very fast.
[08:25] Articulating a business use case and how partnering with a Fintech can support it is the first step in having a successful conversation with your board.
[10:30] Talk to your account executive at your Fintech and have them help you overcome objections.
[15:01] Plan for oversight. It is not set and forget it. Your regulators are going to want to know how you are overseeing that from a 3rd party risk management standpoint.
[15:47] Have a handle on your reserves and capacity for lending and start small and grow slowly.
WebNAFCUdigital@nafcu.orgAmerica/New_Yorkpublic