A series of 6 webinars designed to provide a year of training exclusively for credit union directors!
The ever-changing role of board members has never been more critical - and more scrutinized! Understanding their duties and responsibilities is paramount for directors. Even more important is having a strategy that will keep your financial institution on track with current education, training, and changes. The challenges are many, including managing shrinking margins, reduced fee income, and higher regulatory costs - while striving to enhance member value. Ongoing training to enhance expertise and performance is vital to mitigating directors' increased responsibility and liability. Designed exclusively for directors, this series will ensure directors understand their management oversight and enterprise risk governance 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 for directors to get the training they need.
- Credit Union Success Guide: Best Steps for Success in a Difficult Environment
- The Board Evaluation Process: Steps, Tools & More
- What the Board Needs to Know About Vendor Management
- Effectively Assessing Credit Risk & Defining Credit Risk Appetite for Directors
- What Directors Should Know About Risk Management
- Required Compliance for the Board & Senior Management
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 10, 2017
Credit Union Success Guide: Best Steps for Success in a Difficult Environment
Jeffrey C. Gerrish, Gerrish McCreary Smith, Consultants & Attorneys
What is the best way to make your credit union successful? Even though the environment is still difficult, there is an excellent future for credit unions that take the right steps and operate with the right focus. This webinar will provide specific practical ideas regarding maintaining independence in a consolidating environment, strengthening the board of directors, increasing profitability, and providing effective and successful strategic planning. Directors and senior management will benefit greatly from this session.
March 28, 2017
The Board Evaluation Process: Steps, Tools & More
Jeffrey C. Gerrish, Gerrish McCreary Smith, Consultants & Attorneys
Service on a credit union's board of directors is much different than it was 15 years ago. The primary responsibility is the same - to enhance value for the members. But the post-recession environment has ushered in a new era of responsibility for the board. Enterprise risk management, regulatory compliance, cyber security, industry consolidation, and the like all require proactive, reasoned decision-making by each board member. Every member must pull his or her weight. How should a credit union go about assessing the effectiveness of its board? This webinar will explain how to inform directors of their duties and responsibilities and highlight industry expectations for the board. The presentation will provide an overview of best practices for evaluating the board as a whole, as well as individual directors.
May 9, 2017
What the Board Needs to Know About Vendor Management
Branan Cooper, Venminder
Best practices dictate that the board must remain vigilant about hazards posed by outsourcing functions to third parties - or risk significant financial and reputational harm to their financial institution. This session will provide an overview of the key components of a comprehensive vendor management program and the vital role senior management and the board must play. You'll learn what board members need to understand about third-party risk and what should be expected regarding regular reporting and direct oversight. From risk assessments, to due diligence, to contract management, this webinar will address emerging trends in third-party risk and how they relate to the fundamentals. In addition, you will learn about regulatory guidance, recent enforcement actions, and new areas of focus that can be third-party related - particularly UDAAP.
July 6, 2017
Effectively Assessing Credit Risk & Defining Credit Risk Appetite for Directors
Tommy Troyer, Young & Associates, Inc.
By the very nature of the credit union business model, assessing the level of credit risk and managing that risk effectively is critical. What role should the board play, and how can directors fulfill that role effectively? Directors are generally not involved in the day-to-day operations of the institution and some may not have extensive credit experience. This webinar will consider the challenges directors face in accurately assessing the level of credit risk and in influencing that level by effectively defining their institution's credit risk appetite. With many traditional measures of asset quality being lagging indicators of credit risk, this webinar will address how directors can achieve a timelier understanding of their institution's risk level, how they can identify changes in the risk profile, how they can work with management to monitor and control risk, and how they can provide independent oversight of management in this area.
September 14, 2017
What Directors Should Know About Risk Management
Ann Brode-Harner, Brode Consulting Services, Inc.
Financial institutions take on risk with every product and service provided in lending, operations, deposits, marketing, etc. The board is ultimately responsible for ensuring management is on track in identifying, measuring, monitoring, and mitigating risk whenever possible. This program will set forth which types of risk are most important to the board, what types of reporting should be expected from management to keep directors apprised, and how these risks can be mitigated.
November 16, 2017
Required Compliance for the Board & Senior Management
Dawn Kincaid, Brode Consulting Services, Inc.
Directors and senior management are responsible for forming a top-down compliance culture and establishing a strong compliance management system. The responsibility for regulatory compliance ultimately lies with the board. However, with dozens of regulations and thousands of pages of guidance and best practices, determining exactly what is required of you and your institution can be overwhelming.
This session will help you understand your regulatory responsibilities and liabilities. It will review the highest-risk areas and explain which information and reports need to be reviewed periodically to make informed compliance program decisions. Join us for this webinar to meet all your annual training requirements!