2013 Director Series
Receive this Series of 6 webinars for the price of 5! Offer ended 7/31/13.

A series of 6 webinars designed to provide a year of training exclusively for credit union directors!

The director’s role has changed significantly over the years. On-going training is vital to mitigate directors’ increased responsibility – and liability – and to enhance their expertise and credit union performance. Designed exclusively for credit union directors, this series will ensure directors understand their management oversight, enterprise risk, and strategic planning responsibilities.

Directors 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 to allow directors to get the training they need.

Please note that although the financial literacy webinars are not part of the Director Series this year, you can order them separately. Popular credit-union expert, Tim Harrington, will present the following webinars:

August 27, 2013 – Directors & Financial Literacy Session 1:
Understand Your Credit Union’s Financial Condition with Key Ratios, Balances & Estimates

September 17, 2013 – Directors & Financial Literacy Session 2:
Monitoring & Measuring the 9 Risks Your Credit Union Faces

Director Series Topics

Session Dates & Descriptions

12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern

Click on presenters’ names below for more information.

January 24, 2013
IT Governance: What the Board & Supervisory Committee Need to Know to
Manage the Credit Union’s Information Technology Assets

Randy Romes, CliftonLarsonAllen LLP

Fraudsters are constantly evolving. As defensive measures improve, tactics are changed to evade them. This session will use statistics from global information security studies combined with first-hand experience of network-penetration assessments and hacker forensic investigations to provide attendees with up-to-the-minute trends and practical advice to improve information security. Information security is a fundamental process requiring ongoing management to create the proper organizational culture. After this session, you will have resources to identify emerging risk issues; have strategies that make a profound short-term impact on the risk-management posture; and be better equipped to manage ongoing risk.

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March 27, 2013
Enterprise Risk Management for Credit Unions: A Primer
Patrick Kennedy & William “Dub” Sutherland, Kennedy Sutherland LLP

What is enterprise risk management? Why is it critical for good corporate governance and management of financial institutions? Why must the credit union industry move aggressively to understand and adopt this fundamentally new and comprehensive means of measuring, monitoring, and controlling risk? Financial institution directors and senior managers must have a good understanding of how to assess enterprise-wide risk in an integrated manner. Implementing such a program must begin with the board. A good program will link risk management with strategic and capital planning and enhance the institution’s ability to be competitive and to operate more efficiently and profitably.

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May 8, 2013
Understanding the ALLL for Directors
David Reed, Reed & Jolly, PLLC

Credit quality remains a primary focus of regulatory examinations as balance sheets continue to exhibit the strains of a poor economy, decreased loan demand, and depressed real estate values. One of the primary factors of sound credit practice is the existence of an appropriate Allowance for Loan and Lease Losses (ALLL) and a sound methodology for maintaining adequate levels in reserve. Part lending science, part gut instinct, and part speculation, the process of planning for credit risk is an essential element of your credit union’s operations. Put simply, the board needs to understand the magic behind the math. Is your board up to the task? This session will review both the technical and practical aspects of the ALLL process, as well as the need for board supervision of the loan review system and management’s effectiveness in identifying, monitoring, and addressing asset-quality problems.

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July 30, 2013
Understanding & Utilizing Call Reports for Credit Union Governance
David Reed, Reed & Jolly, PLLC

The board is required to understand the basics of a balance sheet and income statement and be in a position to ask substantive questions about the financial health and direction of the credit union. From balance sheet irregularities to the basics of corporate financial literacy, today’s boards are faced with increasing pressure to stay informed of the complex regulatory and business realities of the financial services marketplace.

The 5300 Call Report is the backbone of the financial reporting system. The NCUA requires all federally-insured credit unions to submit this detailed financial information so they can assess the general financial health of the credit union and observe important trends. Do you know how the information is prepared and submitted by your credit union? More importantly, do you know how to use the data to assist you with credit union governance? This session is designed to give you general guidance and practical tips for understanding your 5300 Call Report obligations and the opportunities presented by this valuable tool.

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October 8, 2013
Documenting Your Strategic Plan Years 1, 3 & 5: Meeting Examiner Expectations
Jeffrey Gerrish, Gerrish, McCreary, Smith, Consultants & Attorneys

Strategic planning is no longer just for the “big players” in the industry. It is no longer something merely done when regulators demand it. Now all organizations are proactively and critically assessing how their organizations are run and how they plan for the future. To keep the regulators happy come examination time, the strategic planning process needs to be formalized into a well-written strategic plan. This webinar will provide an overview of the strategic planning process; outline various techniques and elements in drafting the written plan; and the plan’s scope in light of regulatory requirements and forward-looking supervision.

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December 18, 2013
Top 10 Questions Board Members Need to Ask Now!
Diane Pape Reed, CU Doctor

While the majority of credit union board members have years of experience and know-how, today’s regulatory environment is causing many to revisit how they operate as board members. With every decision, there’s the risk of overlooking the obvious or causing dissension. Sometimes board members simply “rubber stamp” management’s plans, policies, and reports to avoid this.

This webinar will address the ten questions board members should be asking and offer insight on avoiding common pitfalls in board management. What’s important now? What happens if we don’t do things exactly like the regulators want? What issues need monthly or annual review? What about the new educational requirements? What is our personal liability? From regularly reviewing and revising by-laws and required policies, to establishing standing rules, this webinar will provide checklists and sample board calendars to help manage and organize board operations.

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