CUNA Supervisory Committee & Internal Audit Conference
Topics & Objectives

Please note that the Topics/Objectives listed below are subject to change.

General Sessions

I Can't Believe I've Been at This Over 40 Years (and what I've learned in the process)

Denny was always the "youngest" — teller, CSR, loan officer, branch manager, AVP, VP, SVP, etc. And then one day he woke up to find out that was no longer the case! Along the way he was CEO of an educational not for profit, part of the management team of another, an SEC "insider" as management team member of a publicly traded company, national sales manager of a sales development consulting firm and founded his own consulting company. He’s worked with more than 100 credit unions, made more than 100 presentations at the national and state level and still found time to raise a family, get an instrument pilot license, and maintain a single digit golf handicap. This semi-serious and occasionally honest look back over Denny’s long and diverse career will pass along lessons learned — and how you can apply them to your role in your credit union.

NCUA Update

Hear from an NCUA official about current administration priorities and hot-button issues. The financial services sector has gone through significant turmoil recently and this is an opportunity to hear directly from the regulators what is going on and how that may affect your organization.

Today's Economy & the Risks for Your Credit Union (CUNA Remote Broadcast)

Hear from one of CUNA’s senior economists about the state of the economy and trends that will affect your credit union. Find out about the state of the mortgage market. And more importantly, find out how these circumstances and forecasts affect your credit union’s risk assessment and management strategies that may affect your organization.

Current Trends in Financial Institution Fraud

In this presentation we will discuss current statistics and trends as they relate to financial institution fraud. Examples of recent frauds along with related best practices to prevent, deter, and detect future occurrences will be discussed.

The Critical Importance of Your Role on the Supervisory Committee

The role of the supervisory committee is, by statute, to ensure that the board of directors and management of the credit union meet required financial reporting objectives and establish practices and procedures sufficient to safeguard members’ assets. The committee may at times play second fiddle to the board, but let’s not underestimate the importance of this job. Overseeing the audit and maintaining internal controls are some of the tasks but the true function of the position is about oversight"an issue that’s taken much less lightly.

Breakout Sessions

The Basics of Regulatory Compliance

Regulatory compliance is becoming increasingly important and complex at all levels of the credit union. In this special "double session" you’ll take a look at an overview of important regulations, areas of NCUA focus, how to ask the right questions about compliance, and potential consequences of "non-compliance."

An Overview of Credit Risk

Are you sure that your organization is giving proper attention to all of the relevant factors in the area of credit risk? Credit has tightened considerably and is your credit union effectively managing that risk in a way that works for not only the safety of the credit union, but in the best interest of your members? In this session, you’ll hear about the current nature of credit risk and some best practices for measuring, monitoring, and managing.

How Does the Auditor Become Your Best Friend?

What kind of relationship do you have with your auditor(s)? Did you know it could be something useful to you? Is your current auditor a trusted partner for your credit union? This session will encompass ways you can evaluate your current relationship with your audit firm and make it
better. Attend this session to discover what your auditor can do for you and how you can assist them in turn.

So You Think You Don't Have to Sell?

In your role with your credit union, you don’t have to sell products and services, but you still need to sell your ideas. This session will look at the importance of clear interpersonal communication using the basic principles of sales, like presenting things from the vantage of the listener, rather than yours! We’ll have some laughs and you’ll take away ideas that you can use as soon as you get back to your credit union.

Is Data Leaking Out of Your Organization?

What data is currently "protected" within your credit union? How well is it protected? Is it the proper data to have secured? What’s missing from your data? These questions and more will be covered in this session to allow you to understand that "data" encompasses more than you might think. You can’t assume that "someone" within your credit union has secured all of the data being maintained. The points of leakage of data are important to understand so, as an organization, you can assess the risk associated with securing the many types of data you hold.

Red Flags Workshop

Hear about how your credit union should be handling the complications of "Identity Theft Prevention Programs" and the "Red Flags and Address Discrepancy Rules" that implement sections of the Fair and Accurate Credit Transactions Act (FACT Act).

Current Compliance Issues: A Rundown of the Highest Priority Compliance Issues of the Year

Keep on top of the most critical changes in the realm of compliance. Learn what questions to ask of management about the regulations and the current focus of examiners. You need to hear about the hot-button issues in order to provide critical oversight. Here’s your chance.

Credit Union Performance Metrics

Everyone is aware of top level credit union performance metrics like Return on Assets or Expenses as a percent of Assets. In addition to explaining the most common metrics, this session will look at more than 60 leading and lagging performance indicators. You’ll leave this session with a better understanding of the business drivers of the credit union movement and how they are measured.

Sustainability: Building Effective Corporate Governance

Corporate governance is a system by which organizations are controlled, directed, and held accountable to its stakeholders. The recent declining economy, declining market valuation, increased unemployment, and increased possible fraudulent financial schemes have highlighted increased pressures on organizations. As a result of these pressures, organizations are focused on designing sustainable business strategies. These strategies seek not only to provide a return on investment or assets, but to also generate shared value for society and promote business model sustainability. We will discuss corporate governance best practices and a corporate governance framework that encompasses the elements that drive corporate governance and long-term sustainability.

Speed Training

• Ethical Considerations for the Supervisory Committee
• Ongoing Third Party Oversight/Due Diligence Concerns
• Raising the Bar on Audit Committee – Internal Audit Communications

IT Audits & What to Pay Attention To

What exactly is an IT security audit? The concept of these audits have different meanings to individuals within a credit union depending on what part of the organization you work in. Some of these audits have to be performed to maintain a compliance standard while others permit management to sleep better at night. What do they mean to you? Is our member data secure? Is my employee information secure? Is the credit union protected from external hackers? This session will cover the different types of IT security audits that can be performed and whether they are appropriate for your organization. In addition, the benefits your organization can derive from having these audits performed will be discussed to show why they should be included in your audit plan.

The Critical Nature of Internal Audit Oversight

Is your internal audit department doing the job you hired them to do? How do you know? They maybe less effective than you think and less effective
than they could be. Management could be dictating or interrupting. They could be putting limitations on staffing, planning, and the performance of their duties. Learn how your oversight can ensure that they are, in fact, doing the job you hired them to do.

Mortgage Market Fraud & Its New Face in Light of the Current Economic Conditions

The mortgage meltdown of recent years has changed how we think about mortgage lending. As credit has tightened, mortgage fraud has evolved and become an unfolding and ballooning issue. Hear from an industry expert about current mortgage loan fraud statistics, loan document misrepresentation, and mortgage loan fraud schemes that are being uncovered.

Understanding & Mitigating Risk: An Overview

Credit unions are in the business of taking risks"but they are calculated. Make sure that you have a handle on how those calculations are made and how to prioritize areas of greater and lesser concern. In this session, you’ll look at the seven categories of risk that make up a credit union risk profile, you’ll consider how to rank those risks, and you’ll get suggestions about best practices for monitoring and mitigating those risks.