Online Training

July 13, 2020 Add to Calendar 2020-07-13 14:00:00 2020-07-13 14:00:00 How to Strengthen Your Credit Union’s Compliance Culture The compliance culture of an organization is very important. It’s not about purely ticking the box to appease regulators. It’s something, that if done right, can have real positive impact for your organization. If done wrong, the culture and regulatory impact can be severe. Don’t get into this predicament. During this webinar, we’ll discuss best practices for strengthening your credit union’s compliance culture. PROGRAM UNDERWRITTEN BY   Key Takeaways Identify enhancement opportunities in your compliance culture through a needs analysis Create different strategic approaches that can have a big impact on your compliance culture Design an atmosphere that reduces the amount of risk in your organization Ensure effectiveness measurements are created to identify problematic areas and learn from lessons past Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until July 13, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Compliance staff Risk staff Legal staff Audit staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. 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: Identify enhancement opportunities in your compliance culture through a needs analysis. Create different strategic approaches that can have a big impact on your compliance culture. Design an atmosphere that reduces the amount of risk in your organization. Ensure effectiveness measurements are created to identify problematic areas and learn from lessons past.  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: Regulatory Ethics - 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 digital@nafcu.org America/New_York public

How to Strengthen Your Credit Union’s Compliance Culture

Credits: NCCO, NCRM, CPE

July 14, 2020 Add to Calendar 2020-07-14 14:00:00 2020-07-14 14:00:00 Real Estate Collections in the Pandemic World: Being Proactive While Protecting the Bottom Line Do you hear that sound in the distance?  It is the approaching real estate delinquency wave and it is heading right for us!  It is almost impossible to underestimate the impact of COVID-19 to the lives of your members and ultimately to your credit union’s operations.   Once you have mastered your new virtual workflow and all of the accompanying technology issues, you need to fully embrace the personal impact of the pandemic is having on your members’ lives and ultimately their ability to pay. While almost all federal and state regulatory guidance encourages credit unions to work with borrowers who are negatively impacted because of the effects of COVID-19, the credit union must tread carefully. There’s a fine line between member service and safety and soundness and you need to be able to recognize it. At some point the forbearances and other extraordinary assistance will end and some of your members will realize they can no longer afford their homes.  This interactive session will discuss key points in evaluating your current real estate collections program and making practical adjustments to protect both your members and your bottom line. Join recovering collections attorney and credit union veteran David Reed as he walks you through recent guidance and best practices in real estate collections. Key Takeaways Review real estate collections basics Discuss recent regulatory guidance Understand the Impact of eviction and foreclosure moratoriums Learn Allowance for Loan and Lease Losses (ALLL) considerations Review best practices for real estate collections during the pandemic Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until July 14, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Legal staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. 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: Review real estate collections basics. Discuss recent regulatory guidance. Understand the Impact of eviction and foreclosure moratoriums. Learn Allowance for Loan and Lease Losses (ALLL) considerations. Review best practices for real estate collections during the pandemic. 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: Regulatory Ethics - 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 digital@nafcu.org America/New_York public

Real Estate Collections in the Pandemic World: Being Proactive While Protecting the Bottom Line

Credits: NCCO, NCRM, CPE

July 16, 2020 Add to Calendar 2020-07-16 14:00:00 2020-07-16 14:00:00 Cutting Expenses During a Pandemic “We need to reduce expenses by 10 percent across the board,” is what we are hearing a number of credit union senior management teams say.  The objective of containing or even reducing operating expenses can be appropriate in light of tremendous uncertainty.  However, the end result must be a stronger, more competitive organization with a compelling value proposition.  It is very likely that traditional approaches to quality member acquisition, cross-selling, and delivery of financial services has forever changed.  Hunkering down and cutting expenses without the desired strategic outcomes top of mind is a huge mistake that is entirely avoidable.  This webinar offers a process that participants can readily put into action, helping leadership drive dual objectives of containing expenses and remaining highly competitive in today’s whirlwind of ambiguity. Key Takeaways Review four key business model questions that are tough to answer, yet still need to be addressed Understand why it is essential to reach clarity and prioritize financial measures of success Discuss why the timing of pulling key financial levers is so important for senior management and the board to understand Learn a proven process that uses data, and strategic financial and capital planning, to help leadership prioritize decisions, move into action, and have the flexibility to quickly adjust to continue driving strategic strength Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until July 16, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Chief Executive Officers Executive Vice Presidents Chief Financial Officers Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. 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: Review four key business model questions that are tough to answer, yet still need to be addressed. Understand why it is essential to reach clarity and prioritize financial measures of success. Discuss why the timing of pulling key financial levers is so important for senior management and the board to understand. Learn a proven process that uses data, and strategic financial and capital planning, to help leadership prioritize decisions, move into action, and have the flexibility to quickly adjust to continue driving strategic strength. 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: Business Management & Organization – Non-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 digital@nafcu.org America/New_York public

Cutting Expenses During a Pandemic

Credits: NCCO, NCRM, CPE

July 16, 2020 Add to Calendar 2020-07-16 14:00:00 2020-07-16 14:00:00 Benefit Liability Management: Offsetting Employee and Executive Benefit Expenses About the Webinar Benefit Liability Management isn’t a new concept in the credit union industry, but the current financial environment is prompting many credit unions to take a second look at it. Sometimes called Benefits Pre-funding, it is simply purchasing an otherwise impermissible investment to offset employee and executive benefit expenses. Before implementing Benefit Liability Management, several key questions must be considered. While there is no right or wrong answer, it’s important to note that each credit union must carefully decide what’s appropriate for their particular situation and their membership. Join this webinar for an overview of Benefit Liability Management and discussion of these key considerations: 1.    Which otherwise impermissible investment is right for my credit union? 2.    What investment options are available? 3.    What is the accounting treatment? 4.    What compliance review is needed? 5.    Is it necessary to use a firm to implement benefit liability management? Register for the Webinar Web NAFCU digital@nafcu.org America/New_York public

Benefit Liability Management: Offsetting Employee and Executive Benefit Expenses

July 22, 2020 Add to Calendar 2020-07-22 11:00:00 2020-07-22 11:00:00 NAFCU Roadshow: Issues Facing Midwest Credit Unions During COVID-19 Please join us as we host a special webinar for North Dakota, South Dakota, Minnesota and Iowa-based credit unions. During the webinar, NAFCU Senior Member Experience Strategist Allyson Gale will discuss what credit unions should expect in the coming months amid the COVID-19 pandemic and what NAFCU is doing to help credit unions during this difficult time. COVID-19 isn’t stopping NAFCU from what we do best; engaging with credit unions.  PROGRAM UNDERWRITTEN BY   Key Takeaways Review the Small Business Administration’s Paycheck Protection Program; Discuss regulatory relief; Learn more about what’s happening on your behalf in meetings with the NCUA and CFPB; Walk through market specific performance trends; And more! Note: The information in this webinar is tailored to North Dakota, South Dakota, Minnesota and Iowa-based credit unions. Register NowRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until July 22, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? North Dakota, South Dakota, Minnesota and Iowa-based credit unions Education Credits This webinar doesn't qualify for any continuing education credits recognized by NAFCU or NASBA. 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 digital@nafcu.org America/New_York public

NAFCU Roadshow: Issues Facing Midwest Credit Unions During COVID-19

July 22, 2020 Add to Calendar 2020-07-22 14:00:00 2020-07-22 14:00:00 NCUA Fidelity Bond Policy for BODs: Reading Between the Lines About the Webinar  This presentation will break down the NCUA fidelity bond rule changes that took effect last October. Key takeaways from this session include:  The impact of these compliance changes on a board of directors' processes  Best practices that are not explicit but implied   Ways to leverage these changes to better protect your credit union and the larger industry Prolonged Q&A to ask remaining questions about these regulations Register for the Webinar Web NAFCU digital@nafcu.org America/New_York public

NCUA Fidelity Bond Policy for BODs: Reading Between the Lines

July 23, 2020 Add to Calendar 2020-07-23 14:00:00 2020-07-23 14:00:00 Excise Tax Update: Recent IRS Changes and Proposed Regulations About the Webinar The 2017 Tax Cuts and Jobs Act included a new Section 4960 that levied an excise tax on tax-exempt entities like credit unions. The excise tax, paid by the credit union, applies for covered employees on (1) remuneration in excess of $1 million and (2) excess parachute payments for highly-compensated employees. As expected with such wide and sweeping legislation, there were points of Section 4960 that needed further clarification. Until final regulations could be issued, the IRS allowed an organization to use its own reasonable, good faith interpretation of the statutory rules and guidance provided in IRS Notice 2019-09.  Recently, the IRS issued proposed regulations which provide needed clarifications and some new exceptions. While the proposed regulations are consistent with much of the previously issued guidance, the nuances of the new guidance and general complexity of the rules warrant careful review to ensure a credit union is fully prepared for compliance. Join us as we walk through the proposed regulations to understand the impact on your credit union’s bottom line.  Register for the Webinar Web NAFCU digital@nafcu.org America/New_York public

Excise Tax Update: Recent IRS Changes and Proposed Regulations

July 24, 2020 Add to Calendar 2020-07-24 14:00:00 2020-07-24 14:00:00 Navigating the LIBOR Transition as a Credit Union Are you considering the impact to your credit union based on the transition from LIBOR to SOFR? Looking to understand more about the nuances for credit unions in navigating the transition? Join Bloomberg as they provide an overview of this period of change for benchmark interest rates. PROGRAM UNDERWRITTEN BY   Key Takeaways Understand the SOFR and how it compares to other money market rates Discuss the evolution of SOFR-linked financial instruments Review the implications for fixed income instruments currently referencing LIBOR Walk through the development of term fixings and potential alternatives to SOFR Register Now$295 Members | $395 Nonmembers (Additional $50 for CD) One registration gives your entire credit union access to the on-demand recording until July 24, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Presidents and Chief Executive Officers Chief Financial Officers Finance staff Education Credits CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Education Manager, NAFCU Learning Objectives: Understand the SOFR and how it compares to other money market rates. Discuss the evolution of SOFR-linked financial instruments. Review the implications for fixed income instruments currently referencing LIBOR. Walk through the development of term fixings and potential alternatives to SOFR. 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: Finance - 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 digital@nafcu.org America/New_York public

Navigating the LIBOR Transition as a Credit Union

Credits: CPE