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First Carolina Financial Conference featured AL experts
GREENSBORO, N.C. (9/28/12)--More than 70 attendees gathered in earlier this month for First Carolina Corporate CU's 11th Financial Conference, in Greensboro, N.C., which featured insight on new regulations, balance sheet strategies and asset-liability management (ALM).

Nine attendees were recipients of grants from the Carolinas CU Foundation.

"Credit union CEOs, chief financial officers and other managers responsible for the balance sheet need up-to-date economic and financial information to make informed decisions," said Kecia Brooks, First Carolina Corporate CU vice president of member communications. "The aim of First Carolina's Financial Conference is to provide a comprehensive learning experience, as well as opportunities for discussion, and interaction with top experts in the field and each other." 

Roy Hartley, managing director of Protective Securities, First Carolina's brokerage services partner, shared insights about municipal securities. "Although munis are not common investment holdings on many credit union balance sheets, it's one area investment officers need to explore as an alternative to provide a nice complement to their existing portfolio," Hartley said.

John Worth, chief economist at the National Credit Union Administration (NCUA), gave an economic update, while other NCUA staff provided information on regulatory changes.

Of special interest was a talk on the NCUA's new interest rate risk (IRR) regulation, which becomes effective Sunday. Lisa Boylen, First Carolina's senior ALM analyst, led a session on the rule, which requires most federally insured credit unions to have a written policy on managing IRR and a program for implementation. Boylen also discussed ALM reporting.

The conference also included a discussion on the future movement of the London Interbank Offered Rate, or LIBOR, by Ira Jersey, director of interest rate strategy at Credit Suisse. Mark Beasley, the Deloitte Professor of Enterprise Risk Management at North Carolina State University, spoke on ways to strengthen enterprise risk management procedures and practices.


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