Learn More about Member Benefits
Speaker: Frank Drake
Electronic lending is progressing quickly with the enactment of legislation and the development of new information technologies facilitating the use of electronic commerce. This presentation explains the legal basis for electronic lending as well as the necessary steps for ensuring that an electronic promissory note (“eNote”), or any other electronic document, will be admissible in court.
This session will cover:
Speaker: Frank Drake
Underserved members are quite often also members of low-wealth communities, often in need of a decent alternative to payday lenders and all too often in dire need of financial education. Too many resort to expensive “reloadable plastic” because they cannot qualify for a regular checking account with an ATM card. Too many have no idea a credit union can make member business loans and also receive exemptions from MBL aggregate loan limits with LID status. This segment will explore the avenues to serve the underserved, while avoiding the dead-ends, the death spirals of payday lending and the avoidable risks in lending to the true “Little Man” who is a credit union's natural member.
Questions addressed during this session include:
Speaker: James Bullard
The millennial generation has been identified as the source of future lending opportunities for credit unions. Reaching this demographic will require more virtual channels and less face-to-face interaction. Mobile and online communication provides convenience for prospective members, but is not without risk. We will discuss how to effectively utilize mobile channels to reach members while maintaining Red Flag compliance and adequate member authentication.
Speaker: Steve Miller
The new Current Expected Credit Losses (CECL) standard is among the most significant accounting changes affecting credit unions. While your CFO and finance team is likely in the thick of planning for this dramatic change; as lenders, we need to understand how CECL signals a major change in how credit unions will need to calculate their loan reserves. This session will focus on measuring the expected losses in a portfolio so that lenders can make more informed decisions about loan pricing.
Speaker: Christy Jones
Loan officers are in a wonderful position to prevent losses in bankruptcy, but only if they understand how it works, what the different chapters mean and what types of loans receive special treatment. This session covers what every loan officer should know about bankruptcy and collections and will focus on concrete things your loan officers can do to preclude losses.
Mortgage loan officers benefit from a thorough understanding of the collections process and the limitations and prohibitions attendant with a bankruptcy filing. An understanding of the foreclosure process is critical in order for mortgage lenders to properly assess risk. This session focuses on the necessary issues facing mortgage lenders but also covers some basics that all loan officers should know about bankruptcy and collections.
Speaker: Dale Livingston
The move to centralized lending and underwriting has been adopted by many credit unions throughout the United States. What are the benefits of this approach? What are the pitfalls? In this session Dale will share how his credit union embraced the centralized approach and discuss:
Speaker: Don Arkell
The vast majority of credit unions were not “Born Digital”. With one foot in the past and one in the future, many credit unions struggle with attracting and growing direct loans. Learn how the most successful credit unions are maximizing remote delivery to increase sales. “Convenience” has been redefined. This thought provoking session will challenge management about how they currently deliver lending today and how they need to deliver in the future, including discussion on:
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Credit Union National Association
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