Date: January 23, 2014
Time: 3:00pm - 4:00pm
A series of 6 webinars for emerging credit union leaders!
The future of the Credit Union Movement will be greatly impacted by today’s generation of emerging leaders. To be prepared to bring a strong management skill set to their future role, these up-and-coming members of the leadership team will need the education and tools that provide a path to excellence both in your credit union and community. The topics in this series will focus on critical financial functions, analytical skills, and management techniques that will assist participants in preparing for their future leadership responsibilities.
You may register for the entire series or for individual sessions. By signing up for the entire series, you will receive 6 webinars for the price of 5. It’s a simple, economical solution for bringing emerging leaders up-to-date on important issues.
- Consumer Loan Portfolio Grading: Assessing Strengths & Mitigating Weaknesses
- Understanding Asset Liability Management Concepts
- How to Avoid Lender Liability Claims: Compliance, Regulatory Issues & Best Practices
- Stress Testing for Enterprise Risk Management
- Managing for Ultimate Performance: The 6 Building Blocks for Success
- Turning Financial Statements into Useful Ratios & Trends
Session Dates & Descriptions
3:00 pm – 4:30 pm Eastern
Click on presenters’ names below for more information.
Consumer Loan Portfolio Grading: Assessing Strengths & Mitigating Weaknesses
Risk grading consumer loans is necessary due to increased regulatory emphasis on credit portfolio management and accounting standards required disclosures. This leads to assessment of the credit risk level in the various segments of the consumer loan portfolio and whether the current risk level is within the board’s risk tolerance guidelines. The next step is developing a roadmap to the future. Managing a loan portfolio starts with knowledge of where you are and a clear vision of where you want to be.
Regulators are requesting financial institutions to explicitly set forth the nature and risk level they want to assume (their risk appetite) and explain how they will adhere to it in the face of aggressive business goals, increasing competitive pressures, and changing economic conditions.
Understanding Asset Liability Management Concepts
The entire credit union meets at the desk of asset liability management (ALM). The Asset/Liability Committee (ALCO) discusses the profitability and capital impact of:
- Loan rates
- Investment structure
- Deposit rates
- Deposit structure
- Developing a risk profile
- Mitigating risk
This webinar will review all of these factors and provide a pragmatic view of the role, importance, and implementation of solid ALM practices on the safety and soundness of the credit union.
How to Avoid Lender Liability Claims: Compliance, Regulatory Issues & Best Practices
Lender liability lawsuits are becoming more prevalent – especially in consumer lending. Liability issues arise at all stages in the lender-borrower relationship from initial loan advertising, through loan documentation, and finally with collections. Lenders often repeat mistakes which permit borrowers to raise genuine (and sometimes spurious) complaints. Large civil judgments and regulatory fines have been obtained against lenders based on violations of statutory provisions (such as the Truth-in-Lending Act, Equal Credit Opportunity Act, Fair Debt Collection Practices Act, etc.) and common law theories of unfair, deceptive or abusive lending, or collection practices. In addition, the CFPB and the NCUA are imposing stricter examination standards in this area. This webinar will explain how to protect your institution from lender liability claims, and will review best practices used by other institutions.
Stress Testing for Enterprise Risk Management
Several regulatory statements have been issued to provide guidance to small financial institutions on using stress testing to identify and quantify risks and to help establish effective strategic and capital planning processes to mitigate these risks based on an enterprise risk assessment process. The emphasis is that all financial institutions, regardless of size, should have the capacity to analyze the potential impact of adverse outcomes on their financial condition. Executive management and the board should use stress testing to establish and support reasonable risk appetite and tolerances, set concentration limits, adjust business and marketing strategies, and appropriately plan for and maintain adequate capital levels.
This is the new hot button for regulators. With these issuances, the regulators state that all financial institutions should be using stress testing for three types of risk – credit, interest rate, and funding/liquidity – as a part of their enterprise risk management program. This webinar will assist with starting this proactive stress testing approach deemed necessary by the regulators. It will help management determine what they already have in place, what needs to be implemented, and what must be improved.
Managing for Ultimate Performance: The 6 Building Blocks for Success
The key to any successful organization is its ability to consistently perform at peak levels, in every role and responsibility, regardless of economic or any other circumstances. Is your staff highly motivated and engaged in their work environment, with each other, and with your members? Do members and staff feel valued and a sense of belonging? As a leader, how do you personally demonstrate your expectations and commitments? This session will provide tools to effectively manage the three key components to ultimate performance: measureable, optimum, and accountable.
Measureable refers to a clearly perceived value of worth; what you do with what you have. Optimum means that as a leader you have created a workplace culture where everyone knows their unique skills are recognized and valued. When staff members are recognized for what they do, it impacts member value, too. Accountable performance is when both leadership and staff take personal responsibility for results.
Once these components have been defined, you will be given six building blocks to lay the foundation for your continued success at reaching and sustaining ultimate performance! You will gain a clear understanding of what ultimate performance is and how you can take what has been presented and personalize it to your particular style to get consistently high results.
Turning Financial Statements into Useful Ratios & Trends
Whether you are the head of lending or operations, you need to fully understand the bigger picture of the credit union. This session will help you fully comprehend the critical financial information. You will learn that although the balance sheet and the income statement are useful, they are just the raw materials. The real value lies in key ratios and the trends in those ratios. After this webinar, you will know how to take information from the financial statements, run it through formulas, and develop an essential dash board of key ratios. More importantly, you will know what they mean, what changes in those ratios indicate, and how to use them strategically and tactically as your credit union moves forward.