Credit Union Association of the Dakotas Directors College

4/11/2019
Delta Marriott – Fargo, ND





This one-day educational session is designed for CEO's, upper management, and volunteers seeking specific training for their duties and board responsibilities. Hot button credit union topics are presented and discussed by industry experts.

Register here 
 


Room reservations are available at the Delta Marriott in Fargo for $129 a night by calling 701.277.9000
Credit Union Association of the Dakotas rate.

Delta Marriott – 1635 42nd Street SW, Fargo, ND 58103 (map)


AGENDA

8:30 a.m. Continental Breakfast
 
9:00 a.m. Welcome Remarks
 
9:15 a.m. Employment Law
Steve Peltin, Partner, Foster Pepper, PPLC

Where Governance and Employment Law Meet: The Credit Union Board’s Role in Overseeing the CEO and Responding to #MeToo. Attorney Steve Peltin’s lively and provocative presentation will highlight two areas where credit union Board members need to know employment law. Steve will first address the Board’s essential tasks of selecting, supervising, and replacing the Chief Executive Officer. Then Steve will cover the Board’s responsibility in harassment prevention and response in the era of #MeToo.
 
10:30 a.m. Break
 
10:45 a.m. Regulatory Update
Michael Christians, Michael Christians Consulting, LLC

Join regulatory compliance counsel Michael Christians for a recap of the most notable regulatory developments of 2018 and a discussion of what your credit union needs to prepare for on the compliance front in 2019. During the session, participants will learn about:
  • Revised NCUA Advertising Requirements;
  • HMDA Partial Exemptions for Low-Volume Filers;
  • Customer Due Diligence Rule;
  • Private Flood Insurance Final Rule;
  • ADA Website Compliance;
  • S.2155 – The Economic Growth, Regulatory Relief and Consumer Protection Act;
  • Proposed Rule – Inflationary Adjustments to Regulation CC;
  • The CFPB’s Rulemaking Agenda; and
  • The NCUA’s Supervisory Priorities for 2019
12:00 p.m. Networking Lunch
 
1:00 p.m. Cybersecurity
Randy Romes, Principal, Information Security, CliftonLarsonAllen LLP

Organized crime has figured out how money at computer hacking and cyber fraud. They are developing and applying “business models” to improve and enhance their techniques and profitability, which have resulted in significant compromises of back end payment systems (SWIFT, ACH, credit card processing).

This session will discuss common situations and exceptions (both known and unknown) that often lead to intrusions and breaches. This session will explore case studies from publicly acknowledged breaches and penetration testing assessments, describe lessons learned from each event, and highlight key control strategies, and specific critical controls that need to be in place to prevent and/or mitigate these types of breaches. Case studies will include Member and Corporate Account Take Overs (CATO’s), payment system compromises (SWIFT and ACH), examples of social engineering and spear Phishing, and other common breach scenarios.
 
2:00 p.m. Break
 
2:15 p.m. CECL Update – The Remaining Life Method
Tom Danielson, CPA, Principal, CliftonLarsonAllen LLP

Understanding a CECL model that makes sense for most credit unions. This session promises to be relevant to the CECL challenges facing most credit unions. The session will:
  • Provide a simple, understandable explanation of the Remaining Life Method
  • Provide a demonstration of a CECL computation for an actual credit union
  • Discuss setting qualitative factors under CECL
3:00 p.m. Foolproof Board Governance
Frank Drake, Partner, Smith Debnam Narron Drake Saintsing & Myers, LLP

Credit Unions are governed by Boards of Directors, not by their presidents, CEO’s staff or even the Chair of the Board. Too many Board members misunderstand their authority or their responsibilities, much less the legal requirements imposed by state laws and regulations. This session will furnish the information Board members need to do their jobs, to follow the law and to avoid the risk of personal liability to the state or the membership.
 
4:00 p.m. Adjourn


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