Thursday, December 11, 2014
10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
With unemployment on the decline, housing prices on the rise, and pent up loan demand, most signs point to potential growth opportunities for credit unions in the next few years. But let’s not forget the lessons learned from the most recent financial crisis. Are we doomed to repeat history or can we utilize these war stories to our advantage?
This webinar will examine the common themes surrounding the causes of credit union failures based on material loss reviews, including concentrations, corporate governance, fraud, and others. It will provide an overview of laws and regulations related to material loss reviews along with historical analysis and end results. A case study will be presented covering an actual material loss review report for a failed credit union and the reasons for failure. In addition, the roles and responsibilities of the Supervisory Committee under the applicable NCUA rules and regulations will be covered.
Continuing Education: Attendance verification for CE credits upon request
- What is a material loss review and why is it performed?
- Reasons and trends for credit union failure
- Case study – Beehive Credit Union
- Supervisory Committee duties, role, and responsibilities
- Role of internal audit function
- External audit function requirement
- TAKE-AWAY TOOLKIT
- NCUA guide to Supervisory Committee role and responsibilities
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is directed to board members, Supervisory Committee members, and credit union executives.
Webinar content is subject to copyright and intended for your individual credit union’s use only.
MEET THE PRESENTER