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Conferences
AICPA Conference on Credit Unions
Oct. 21–Oct. 23, 2019
|
Gaylord Opryland, Nashville, TN
| Live online
Conference details

The right moves toward implementation
And there’s no time to waste.

Strategies and conversations for professionals in credit unions:

  • C-suite, controllers, accounting managers, internal auditors, and board and supervisory committee members
  • CPAs who audit credit unions
  • Regulators seeking updates on the latest developments

Your goals, our agenda

Yes, the FASB’s new effective date gives you some breathing room for CECL.

But that doesn’t mean you can wait on your implementation activities.

It’s another dimension of maneuvering, on top of revenue recognition and leases, that dramatically affects your business.

Our sessions and speakers will help you build a framework for decision-making and strategies for continued success.

Essential sessions this year

  • The State of the Credit Union Industry: How to Thrive and Survive
  • Current Economic Environment
  • NCUA Update
  • Strategies and Accounting Issues Related to M&A
  • FASB Update
Download brochure

You’ll hear from respected experts on:

  • Changing credit union and financial services landscape
  • Current and proposed regulations affecting the credit union industry
  • What standards have been issued applicable to credit unions, what proposed standards are forthcoming and the latest thinking from FASB
  • Recent changes in NCUA business lending regulations
  • Current and emerging risks driving NCUA’s primary and planned focus from a prudential and risk management perspective
  • Pace of our economic recovery and what it means going forward for overall growth, interest rates and monetary policy
  • Specific practices that you can use to help deter, detect and respond to insider fraud
  • Various ways to enhance audit quality, audit efficiencies and best practices

Featured speakers


Douglas Duncan, Ph.D.
SVP & Chief Economist, Fannie Mae


Jay Johnson
Chief Collaboration Officer
Callahan & Associates
  • Named one of the 10 Best Bang-for-the-Buck Vacation Destinations by FORBES (January 2019)
  • Named one of the Best Cities in U.S. - 2018's Reader's Choice by CONDE NAST Traveler (October 2018)
  • Listed on Best U.S. Cities to Visit in 2019 by Smart Traveler (December 2018)

Discounted Grand Ole Opry tickets
Dates available: October 22 and October 23

After your conference sessions dive into the country music phenomenon, the Grand Ole Opry. Register through our AICPA link and receive discounted tickets for October 22nd or 23rd and discounted backstage tours on either day. Don't miss out on country's most famous stage, get your tickets today.

Purchase tickets

Attendance options
AICPA Conference on Credit Unions: Flex Pass
Oct 21-Oct 23, 2019

New > Flex Pass: The best of all worlds
Now you donít have to choose. Enjoy the flexibility of on-site AND online: attend some of the conference sessions in person to network with your peers, and view other sessions online. (TBD CPE credits).

Already registered but interested in this new attendance option? Call Member Service to upgrade to Flex Pass: 888.777.7077.

Pricing:
Full Registration Rate
AICPA member: $1,325.00
Nonmember: $1,725.00
AICPA Conference on Credit Unions
Oct 21-Oct 23, 2019

On-site: Immersed in the energy
Step away from your desk, and join us in Nashville, TN. Youíll interact directly with thought leaders and have the advantage of dedicated networking time with your professional community. (TBD CPE credits).

Pricing:
Full Registration Rate
AICPA member: $1,125.00
Nonmember: $1,525.00
AICPA Online Conference on Credit Unions
Oct 21-Oct 23, 2019

Online: When travel isnít your preference
Sessions will be streamed live, in real time, direct to your computer or mobile device. Youíll have access to audio and video sessions, remote networking through polls and chat rooms, and handouts and slides, just as if you were there on-site. (TBD CPE credits).

Pricing:
Full Registration Rate
AICPA member: $1,125.00
Nonmember: $1,525.00
AICPA Online Conference on Credit Unions - Select 8
Oct 21-Oct 23, 2019

When youíre pressed for time, focus on the sessions that match your main area of business and dive in. Choose any 8 sessions to view online. (CPE credits vary by session).

Pricing:
Full Registration Rate
AICPA member: $755.00
Nonmember: $1,055.00
Oct 21 2019
CECL Methodologies, Real World Examples (On-site)
08:30 AM - 11:15 AM
Oct 21 2019
CECL Methodologies, Real World Examples (Online)
08:30 AM - 11:15 AM
Oct 21 2019
The Strategic Shift of ALCO
08:30 AM - 11:15 AM
Agenda

MONDAY, October 21
7:00 AM - 5:35 PM

Registration and Information Center Open

8:30 AM - 11:15 AM

Pre-Conference Optional Workshops (Select One)

CU19101. CECL Methodologies, Real World Examples
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 3

Speaker: Mike Umscheid, CPA, CEO, ARCSys


This session will provide detailed examples of data aggregation, specific long-term and short-term forecast models and how to forecast different models. The session will also discuss the use of credit quality indicators through out the CECL modeling, monitoring and disclosure process.

This session will focus on modeling techniques that will allow each participant to understand the following:

  • the use of credit quality indicators in data aggregation, monitoring and forecasting
  • the use of regression modeling to support reasonable and supportable forecasts
  • the use of over the life-cycle forecasts in models including examples of Discounted cash flow and probability of default model
  • the use of regression models to forecast and calculate and allowance with examples
  • the use of short-term forecast (reversion) models with example model calculations and how to forecast these models
  • the pros and cons of each model including volatility

Prerequisite: A basic understanding of the fundamentals of the new CECL standard (ASC 326).

Advanced prep: None

CU19102. The Strategic Shift of ALCO
Field(s) of Study: Specialized Knowledge
Knowledge Level: Intermediate | CPE: 3

Speakers:
Rob Johnson, Executive Vice President/Principal, c. myers corporation
Julie Renderos, CPA, CCUE, EVP/CFO, Suncoast Credit Union


Do you dread your ALCO meetings? Many say that they do, but why? A strong ALCO is one of the keys for a high-performing organization. ALCO discussions should be engaging and forward-looking, where the participants see opportunities and challenges from different angles. The result should lead to more ideas, agility, and better solutions for the credit union. Creating a shift to a more strategic ALCO that people are excited about takes time. Julie will be sharing stories of the journey that her credit union has been on to create this shift. Additionally, Rob will provide insights and lessons learned from experiences with hundreds of credit unions.

Among the many take-aways, there will be specific focus on:

  • Identifying key characteristics of a strategic ALCO
  • Ideas on how to break down silos in the organization so we better understand our interconnectedness
  • How to improve communication of potentially complicated numbers to help other decision-makers
  • Every decision has trade-offs, how do we make it, so the trade-offs are better understood?

Learning objectives:

  • Shifting from historical presentations to forward-thinking, strategic discussions
  • Breaking down Silos
  • Linking Short- and Long-Term Strategies

Prerequisite: A basic understanding of financials, planning, and the types of decisions ALCOs face

Advanced prep: None

11:15 AM - 1:00 PM

Lunch on your own

1:00 PM - 1:10 PM

Welcome and Introduction

1:10 PM - 2:00 PM

Keynote

CU1901. Credit Union Issues & Opportunities
Field(s) of Study: Management Services
Knowledge Level: Overview | CPE: 1

Speaker: Jay Johnson, Chief Collaboration Officer, Callahan & Associates


Credit unions' impact on markets and members has increased significantly over the past decade, but the environment is changing. New competitors, a changing economic environment and rising consumer expectations are just a few of the challenges ahead. How can credit unions continue their momentum in the coming years?

Learning objectives:

  • Learn current industry trends
  • Understand the key differentiator of credit unions

Prerequisite: None

Advanced prep: None

2:00 PM - 2:05 PM

Change Break

2:05 PM - 3:20 PM

General Session

CU1902. Accounting/FASB for Credit Unions: Part 1
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: 1.5

Speakers:
Jeff Mechanick, CPA, CGMA, Assistant Director, FASB
Sydney Garmong, CPA, CGMA, Partner, Crowe LLP


FASB has issued several final standards over the past few years, including credit losses, recognition revenue and leases, with effective dates beginning in 2019 for most credit unions. This two-part session will help you understand what standards have been issued applicable to credit unions, what proposed standards are forthcoming and the latest thinking from FASB. We will also cover developments from the FASB’s Credit Losses Transition Resource Group (TRG) and discussions held by the AICPA’s Depository Institutions Expert Panel (DIEP) on the FASB’s Current Expected Credit Loss (CECL) model. Join this comprehensive update of the key pronouncements, projects and other developments at FASB and practice matters of interest to credit unions.

Learning objectives:

  • Learn about latest developments on accounting and financial reporting for credit unions and their auditors, including FASB’s major standards, standards in process and other developments
  • Understand the latest CECL implementation issues, including discussions at the FASB’s Transition Resource Group (TRG) and the AICPA Depository Institutions Expert Panel (DIEP).

Prerequisite: An understanding of current FASB standards released to date.

Advanced prep: None

3:20 PM - 3:50 PM

Refreshment Break & Exhibits

3:50 PM - 4:15 PM

General Session

CU1903. Accounting/FASB for Credit Unions: Part 2
Field(s) of Study: Accounting
Knowledge Level: Advanced | CPE: .5

Speakers:
Jeff Mechanick, CPA, CGMA, Assistant Director, FASB
Sydney Garmong, CPA, CGMA, Partner, Crowe LLP


The discussion will continue in Part 2 of the Accounting and FASB Update. Join us to have your questions answered in the second session.

Learning objectives:

  • Learn about latest developments on accounting and financial reporting for credit unions and their auditors, including FASB’s major standards, standards in process and other developments.
  • Understand the latest CECL implementation issues, including discussions at the FASB’s Transition Resource Group (TRG) and the AICPA Depository Institutions Expert Panel (DIEP).

Prerequisite: An understanding of current FASB standards released to date.

Advanced prep: None

4:15 PM - 4:20 PM

Change Break

4:20 PM - 5:35 PM

General Session

CU1904. Economic Update
Field(s) of Study: Economics
Knowledge Level: Update | CPE: 1.5

Speaker: Douglas Duncan, SVP & Chief Economist, Fannie Mae


Housing is expected to provide an economic cushion to the overall economy.

Learning objectives:

  • Discuss late cycle macroeconomic developments in the longest post WWII expansion
  • Demonstrate that despite improved affordability prospects, supply constraints will continue to limit the responsiveness of buyers
  • Show the effect of U.S. demographic shifts on housing demand
  • Show how the above topics lead to a moderate outlook for housing growth

Prerequisite: None

Advanced prep: None

5:35 PM - 6:35 PM

Networking Reception and Exhibits

TUESDAY, October 22
6:30 AM - 5:30 PM

Registration and Information Center Open

6:30 AM - 8:00 AM

Continental Breakfast and Exhibits

7:00 AM - 7:50 AM

Solution Sessions

CU19201. TBD

Description coming soon.

CU19202. TBD

Description coming soon.

7:55 AM - 8:00 AM

Announcements and Introduction

8:00 AM - 9:15 AM

General Session

CU1905. NCUA Update
Field(s) of Study:
Specialized Knowledge
Knowledge Level: Update | CPE: 1.5

Speaker: Tim Segerson, Deputy Director-Office of Examination and Insurance, NCUA


The session will provide an update on priorities for the NCUA and emerging issues for the credit union and financial services industry.

Learning objectives:

  • Gain knowledge on regulatory and supervisory requirements.
  • Understand the areas of emerging and strategic risk facing your financial institutions and to develop knowledge that can improved strategic management of the organization, improve efficiency and compliance with applicable laws and regulations.

Prerequisite: None

Advanced prep: None

9:15 AM - 9:25 AM

Change Break

9:25 AM - 10:40 AM

General Session

CU1906. FASB CECL
Field(s) of Study: Accounting
Knowledge Level: Basic | CPE: 1.5

Speakers: Amin Mohomed, CPA, CGMA, Assistant Project Manager, FASB;
Chris Cryderman, CPA, Practice Fellow, FASB


Hear directly from the FASB staff regarding CECL implementation for credit unions. In addition to covering recent FASB staff Q&A docments, including the Weighted Average Remaining Maturuity (WARM) method, the FASB staff will answer your questions.

Learning objectives:

  • Understand the Weighted Average Remaining Maturity (WARM) method.
  • Learn about other FASB Staff CECL Q&As.

Prerequisite: None

Advanced prep: None

10:40 AM - 11:10 AM

Refreshment Break & Exhibits

11:10 AM - 12:25 PM

Concurrent Sessions (Select One)

CU19097. Auditing Standards Update
Field(s) of Study: Auditing
Knowledge Level: Update | CPE: 1.5

Speaker: Bob Dohrer, CPA, CGMA, CMC, Chief Auditor, AICPA


The AICPA Chief Auditor will discuss recently issued standards for audits (SASs) and attestation engagements (SSAEs). The discussion will also include the ASB’s active agendas including ongoing efforts to enhance the standard setters’ outreach to stakeholders regarding proposed standards and post-implementation reviews of issued standards. This session will feature a discussion of the current status of the ASB’s projects to:

  • Revise and expand the auditor’s report,
  • Enhance auditor attention on financial statement disclosures as part of the risk assessment process and throughout the audit,
  • Revise the attestation standards to enable a practitioner to perform an examination, review, or agreed-upon procedures engagement without having to request a written assertion from the responsible party,
  • Revise the auditor’s performance and reporting responsibilities with respect to ERISA audits,
  • Explore potential changes to the audit evidence standard; and convergence efforts on estimates and auditor risk assessment.

Learning objectives:

  • Obtain an understanding of the standards recently issued by the auditing standards board
  • Obtain an understanding of projects currently underway at the auditing standards board and in the profession overall

Prerequisite: None

Advanced prep: None

CU1908. M&A Strategy for Bank Acquisitions
Field(s) of Study: Finance
Knowledge Level: Intermediate | CPE: 1.5

Speakers:
David Ritter, CVA, Shareholder, Doeren Mayhew;
Dennis Holthaus, Managing Director, Skyway Capital Markets


Overview of the strategic implications of a credit union acquiring a bank as well as the strategic implications of a bank selling to a credit union including lessons learned from closed transactions.

Learning objectives:

  • Assist a credit union CFO determine if the adoption of a bank acquisition strategy should be a part of his/her credit union's strategic plan.
  • Gain some understanding of evaluation process.

Prerequisite: Basic knowledge of mortgage operations

Advanced prep: None

CU1909. Hot Topics in Regulatory Compliance
Field(s) of Study: Specialized Knowledge
Knowledge Level: Intermediate | CPE: 1.5

Speakers:
Justin Robinson, JD, Managing Director, CLA
John Zasada, JD, Doeren Mayhew


In this session we discuss the current state of regulatory compliance for credit unions. We are in the beginning stages of a significant transition for the primary rule maker for credit unions - the CFPB. We explore how this impacts credit union compliance efforts and the fallout for boots-on-the-ground examinations. We will point out several compliance areas examiners are focusing on and how credit unions can best position themselves to have successful exams. We also tackle compliance issues that are targets for lawsuits and enforcement actions.

Learning objectives:

  • Understand recent compliance pitfalls for credit unions.
  • Learn how to best position your credit union for compliance success.

Prerequisite: Basic knowledge of financial institution compliance regulations. General FI/credit union compliance

Advanced prep: None

12:25 PM - 1:15 PM

Lunch

1:15 PM - 2:30 PM

Concurrent Sessions (Select One)

CU1910. Cybersecurity
Field(s) of Study: Special Knowledge
Knowledge Level: Update | CPE: 1.5


Description coming soon.

Prerequisite: None

Advanced prep: None

CU1911. Leases
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5

Speakers:
Carrie Kennedy, CPA, Partner, Moss Adams LLP
Joy Fisher, CPA, CAST Project Leader, CLA


This program focuses on identifying, analyzing and accounting for lease agreements in compliance with the new lease standard ASC 842. It also provides helpful hints, lessons learned and industry tips on navigating the nuances of the new lease standard as it applies to credit unions.

At the end of this session, attendees will be able to:

  • Demonstrate knowledge of the new lease standard ASC 842, including how to:
    • Determine whether an arrangement contains a lease
    • Recognize the new recognition and measurement requirements
    • Identify the recognition criteria for finance and operating leases
    • Identify the presentation requirements
    • Understand the effective date for the new lease accounting standard
  • Utilize tips and lessons learned from those who have already implemented the lease standard to prepare for an effective and efficient lease assessment and implementation.

Prerequisite: Basic knowledge of lease accounting under the current accounting standards.

Advanced prep: None

CU1912. Effective Liquidity Risk Management
Field(s) of Study: Finance
Knowledge Level: Update | CPE: 1.5

Speaker: Mark DeBree, CFA, Managing Principal, Catalyst Strategic Solutions


This session will focus on the origins of liquidity risk and stress for financial institutions, knowing liquidity sources and uses, and provide some guidance on liquidity management into the future.

Learning objectives:

  • Improved knowledge and understanding of liquidity stress events and how they impact financial institutions
  • Items to consider incorporating to improve the overall view and evaluation of liquidity risk

Prerequisite: None

Advanced prep: None

2:30 PM - 2:40 PM

Change Break

2:40 PM - 3:55 PM

Concurrent Sessions (Select One)

CU1913. Auditing CECL: AICPA Practice Aid
Field(s) of Study:
Auditing
Knowledge Level: Update | CPE: 1.5

Speakers:
Kyle Owens, CPA, Senior Manager, Crowe LLP
Jason Brodmerkel, CPA, Co-Chair DIEP, AICPA


The purpose of this session is to summarize key provisions of FASB Accounting Standards Codification (ASC) 326, Financial Instruments — Credit Losses, and to address key considerations in auditing the allowance for credit losses related to loans under the ASU and disclosure considerations. This session is intended to provide auditors with information that may help them improve the effectiveness and efficiency of their audits and practices when auditing CECL. Preparers of financial statements might also find this helpful in developing their accounting estimates and the controls over the estimates. This session will highlight key areas within the auditing process, including obtaining an understanding of the entity, assessing the risks, identifying the controls relevant to the audit, designing an audit response, performing audit procedures, and evaluating the audit results, to name a few.

Learning objectives:

  • Gain a detailed understanding of implementation and audit considerations with respect to the new CECL standard

Prerequisite: None

Advanced prep: None

CU1914. Measuring Member & Household Profitability and Why it Matters
Field(s) of Study: Management Services
Knowledge Level: Overview | CPE: 1.5

Speaker: Karen Kislin, Strategic Advisor, Raddon, a Fiserv Company


On the heels of a protracted low-rate environment, consumers are emphasizing deposit value in their Financial Institution decisions for the first time in nearly a decade. We’ll discuss how institutions need to be leveraging household profitability measurements to strategize deposit pricing and products to retain households and grow the organization profitably.

Learning objectives:

  • Provide an understanding of the importance of measuring household profitability
  • Discuss strategies and tactics for cost-effective deposit growth and retention
  • Provide an understanding of household relationship profitability analysis

Prerequisite: None

Advanced prep: None

CU1915. UBIT and tax reform and impact on your CU
Field(s) of Study: Taxes
Knowledge Level: Update | CPE: 1.5

Speaker: Danielle Tewes, CPA, Tax Senior Manager, Crowe LLP


Unrelated Business Income Tax concepts & revenue streams specific to credit unions for consideration.

Tax Reform impacts and application on credit unions, including: UBI siloing, NOL rule changes, new excise tax on excess compensation, new inclusion in UBI for qualified transportation benefits.

Learning objectives:

  • Understanding 3-prong test for unrelated business income inclusion on Form 990-T, understanding unique product types and revenue streams for credit unions to consider in this analysis, and also how to reasonably allocate costs to offset the income.
  • Understanding the impact of tax reform and how your credit union can plan and manage tax liability and compliance requirements given the new provisions.

Prerequisite: None

Advanced prep: None

3:55 PM - 4:25 PM

Refreshment Break & Exhibits

4:25 PM - 5:40 PM

General Session

CU1916. Upping the Ante: Using Predictive Analytics to Combat Fraud
Field(s) of Study: Specialized Knowledge
Knowledge Level: Overview | CPE: 1.5

Speaker:
Daniel Kesser


Credit unions are looking for the safest ways to grow their membership through unsecured lending. Given that the fraud landscape is constantly changing, including a significant growth in synthetic identities, account takeover, loan stacking and fraud rings, this can be a challenge. As fraudsters up the ante with new tactics, how can credit unions determine whether an individual is misrepresenting their identity – or their intentions? This session will diagnose these different schemes, describe current fraud trends, and discuss the tools and best practices that leading banks, fintechs and wireless carriers are using to address these threats. The presentation will review how data science and machine learning form part of a balanced approach to fraud prevention. ID Analytics will share a case study demonstrating how one innovative credit union is using advanced data analytics during new account opening to isolate fraud risk and improve operational efficiency. Spoiler alert: They achieved an 80% reduction in manual reviews, without increasing their fraud exposure, and significantly improved their member experience.

Learning objectives:

  • Understanding the best practices in consumer fraud prevention
  • Overview of the use of machine learning, data science, and big data in the prevention of enterprise risk

Prerequisite: None

Advanced prep: None

WEDNESDAY, October 23
6:30 AM - 12:25 PM

Registration and Information Center Open

6:30 AM - 8:00 AM

Continental Breakfast and Exhibits

7:00 AM - 7:50 AM

Solution Sessions

CU19202. TBD

Description coming soon.

CU19203. taying on Target in 2019: Enhancing Performance Management and Profitability
Field(s) of Study: Finance
Knowledge Level: Finance | CPE: 1

Speakers: Brad Brockman, Senior Solutions Engineer, Kaufman Hall, Skokie, IL
Ken Levey, Vice President, FI Software, Product Management & Strategy, Kaufman Hall, Skokie, IL

How are strategies changing in 2019 to support ever-increasing performance goals? Kaufman Hall surveyed CFOs and senior finance executives from financial institutions around trends and priorities in financial performance management. In this session, Kaufman Hall experts will:

  • Review key survey findings and best practices in budgeting, forecasting and long-range planning; reporting and analytics; and profitability analysis.
  • Provide a focused look at Profitability Analysis—the top performance management initiative indicated by CFOs—describing best practices for developing an effective multi-dimensional profitability analysis framework specifically for financial services organizations. Attendees will learn challenges and pitfalls of traditional profitability initiatives, the importance of adding relationship profitability for comprehensive analysis, and tips for making profitability matter at every institution.

Learning objectives:

  • Understand what your peers are prioritizing across performance management processes
  • Hear best practices around budgeting and planning, reporting, and profitability analysis
  • Learn how to develop a profitability framework that you can apply at your credit union

Prerequisite: None

Advanced prep: None

7:55 AM - 8:00 AM

Announcements and Introduction

8:00 AM - 9:15 AM

General Session

CU1917. CECL Panel Discussion
Field(s) of Study:
Accounting
Knowledge Level: Advanced | CPE: 1.5

Panelists:
Mark Taylor, CPA, Partner, Crowe LLP
Chad Kellar, CPA, Partner, Crowe LLP
Doug Wright, CFO, Mission Federal Credit Union
Randy Carswell, CPA, SVP - Finance, RBFCU


The session will provide our panelists an opportunity to discuss their approach to addressing CECL for their credit unions or their clients. They will provide background on their CECL path thus far and the challenges they have faced. In addition, participants will have time to ask questions of the panelists.

Participants will understand:

  • How other credit unions have approached the implementation of CECL
  • The challenges that credit unions have faced during implementation
  • Best practice suggestions

Prerequisite: An extensive understanding of the CECL standard

Advanced prep: None

9:15 AM - 9:45 AM

Refreshment Break & Exhibits

9:45 AM - 11:00 AM

Concurrent Sessions (Select One)

CU1918. NCUA and the Virtual Examination Program
Field(s) of Study: Specialized Knowledge
Knowledge Level: Overview | CPE: 1.5

Speaker: Scott Neat, Associate Director, Office of Examination & Insurance, NCUA


We will discuss recent changes to NCUA's examination related tools and applications. We will also provide an update regarding NCUA's "Virtual" examination project. In addition, other contemporary topics related to NCUA's examination program will be discussed.

Learning objectives:

  • Obtain a better understanding of what future NCUA examination reports will look like.
  • Gain insight into what to expect from your next examination.

Prerequisite: None

Advanced prep: None

CU1919. The Top Ten Accounting Questions
Field(s) of Study: Accounting
Knowledge Level: Intermediate | CPE: 1.5

Speaker: Doug Orth, CPA, Shareholder, Doeren Mayhew


This session will cover frequent accounting questions asked by credit union personnel…………….and questions that should have been asked by credit union personnel regarding infrequent and unusual accounting transactions.

Learning objectives:

  • Gain new knowledge or confirm your understanding about various accounting transactions impacting credit unions
  • Become familiar with infrequent and unusual accounting transactions in the credit union industry

Prerequisite: An understanding of current practices and accounting operations within the Credit Union space.

Advanced prep: None

CU1920. Best Practices to be a Successful CFO
Field(s) of Study: Specialized Knowledge
Knowledge Level: Overview | CPE: 1.5

Panelists:
Mike Sacher, CPA, Executive Vice President & Chief Financial Officer, Xceed Financial Credit Union
Doug Wright, CFO, Mission Federal Credit Union
Randy Carswell, CPA, SVP - Finance, RBFCU
Julie Renderos, CPA, CCUE, EVP/CFO, Suncoast Credit Union


The recession, current interest rate environment, regulations, and other factors have contributed to the changing role of the finance executive. In this session, you’ll hear from four industry leaders about their journey of becoming successful credit union finance executives. They’ll share some war stories, provide some insights into successful management techniques, and discuss their thoughts on strategic challenges they see on the horizon.

Learning objectives:

  • Discuss best management practices for CFOs
  • Discuss strategic challenges facing credit unions
  • Identify economic factors impacting credit unions

Prerequisite: None

Advanced prep: None

11:00 AM - 11:10 AM

Change Break

11:10 AM - 12:25 PM

Concurrent Sessions (Select One)

CU1921. Supervisory Committee Audit Guide Revisions — Finish Line in Sight
Field(s) of Study: Auditing
Knowledge Level: Overview | CPE: 1

Speakers:
Dan Moulton, CPA, Partner/Shareholder, Doeren Mayhew
Ellen Vargo, CPA, Partner, Nearman, Maynard, Vallez CPAs & Consultants, P.A.
Alison Clark, CFE, Chief Accountant, NCUA


Although the Supervisory Committee Guide Audit (more commonly known to CPAs as an Agreed-Upon Procedures (AUP) engagement) is by far the most common engagement obtained by credit unions under $500 million in assets, it is neither an audit nor a process that heavily involves the Supervisory Committee. In fact, despite the current pre-determined procedures as outlined in the 1999 Supervisory Committee Guide, there is more confusion and inconsistency in these “audits” than any other process being used. Join this session as we cover the new rules, the confusion, and what is being done to improve this vital component of the credit union audit requirement through the revised regulation and scope of minimum procedures.

Learning objectives:

  • Types of Audits Credit Unions can have performed
  • Changes to regulation 715
  • A look at the newly proposed scope of minimum procedures

Prerequisite: None

Advanced prep: None

CU1922. Insights into executive benefits, including life insurance and other key person
Field(s) of Study: Accounting
Knowledge Level: Basic | CPE: 1.5

Speakers:
Jennifer Hoskins, CPA, Managing Director, Nearman, Maynard, Vallez CPAs & Consultants, P.A.;
Jeremy Debruin, Vice President, BFB-Gallagher


Come join us to learn about the types of benefit plans credit unions can utilize to attract and retain quality executives. We will discuss the accounting treatment for each type of plan and review the call report requirements for each plan. We will also address the 990 reporting for plans and the impact of the new excise tax.

Learning objectives:

  • To learn about the different types of benefit plans.
  • To learn how to account for the different types of plans.

Prerequisite: None

Advanced prep: None

CU1923. Taking the Right Kind of Risk
Field(s) of Study: Business Management & Organization
Knowledge Level: Overview | CPE: 1.5

Speaker: Bart Smith, Managing Director, Performance Trust Capital Partners, LLC


To pursue optimal performance, credit unions should seek to manage risk exposures so that, at any given time, they incur just enough of the right kinds of risk to effectively pursue strategic goals. However, credit unions often struggle with the risk/value proposition. In this session, we will explore a new way to think about risk management and will show how the process can and should be used to create value for any organization.

Learning objectives:

  • Learn about how risk management can be used to create value.
  • Understand how effective risk scoring can be used to facilitate the risk management process.

Prerequisite: None

Advanced prep: None

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Please reach out to the person in your firm that coordinates conference registrations to ensure you qualify for the best group discount. If you don’t have a firm contact or don’t know who that is, you can get more information or register your group by contacting conference group sales at: groupconference@aicpa-cima.com.

If you would like to register 2-9 individuals for a conference or to learn more about group registrations, please contact the AICPA customer service team at 888.777.7077 or conference group sales at groupconference@aicpa-cima.com.

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

  • Adobe Flash plugin (Click on link to install) http://get.adobe.com/flashplayer/
  • Supported Browsers: Internet Explorer 8 or Higher, Firefox, Chrome, Safari
  • Computer with Speakers / Headset
  • High speed internet connection

Accessibility

The Association of International Certified Professional Accountants (Association) is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services.  The Association is committed to making professional learning accessible to all.  This commitment is maintained in accordance with applicable law.  For additional information, please refer to the Association’s Website Accessibility Policy.

If this symbol is displayed under Delivery Type on the product page, this product offers closed captioning.

For accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

On-Site/Flex Pass Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.

Resolution of Disputes

Transactions at this site are covered by binding arbitration. Any controversy or claim arising out of or relating to the use of this Web site that cannot be settled to your satisfaction by our member satisfaction team shall be settled by arbitration in New York, New York. Such disputes will be administered by the American Arbitration Association (https://www.adr.org/), 335 Madison Avenue, 10th floor, New York, New York 10017-4605, (800) 778-7879, in accordance with its Arbitration Rules, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

Should you feel that there has been a breach to the integrity or security of this site, please contact the service center immediately at 888.777.7077.

Ratings and reviews
PRICING SUMMARY
AICPA Conference on Credit Unions: Flex Pass (Flex Pass)
$1,325.00–$1,725.00
$1,725.00
AICPA Conference on Credit Unions (In person)
$1,125.00–$1,525.00
$1,525.00
AICPA Online Conference on Credit Unions (Online Conference)
$1,125.00–$1,525.00
$1,525.00
AICPA Online Conference on Credit Unions - Select 8 (Online Conference: 8 Pack)
$755.00–$1,055.00
$1,055.00
CREDIT INFO
CPE credits
Conference
: 20.0,
Online Conference
: 20.0,
Workshop
: 3.0
NASBA Field of Study
NONE
Level
Intermediate
Prerequisites
None
ADVANCE PREPARATION
None

Location & Accommodations

Location:

2800 Opryland Dr
Nashville, TN 37214

Room rate:

Cutoff date:

Reservations:

Dress code:

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