Learn More about Member Benefits
The Update School is intended for students looking to expand and deepen their knowledge of regulations and compliance beyond the fundamentals and for those needing to recertify for the Credit Union Compliance Expert (CUCE) designation. The Update School is beneficial for credit union compliance staff, risk staff, auditors, lenders, operations staff, and branch managers. School dates are March 31-April 4 and September 8-12, 2019.
Prior to the school, students will receive instructions for and access to prerequisite training.
Join your peers at this fun and relaxing networking event! “Cocktails with Compliance” is a casual event led by CUNA staff. We'll help get the conversation started!
Mingle and meet credit union professionals from across the country. Network with peers from similar asset size. Talk with colleagues and perhaps share your greatest compliance challenges, pass along the best guidance you've received, or share your best advice for those new to the compliance field. You'll also have time to sit back, relax and simply visit.
Speaker: Holly Hoffman
As we survive life's challenges, we come face to face with fear and uncertainty. Challenges may allow us to step out of our comfort zone and push ourselves above and beyond our own self-limitations. It is how we choose to overcome challenges that make us who we are. It is our strength in times of difficulty that prove our character and self-worth. As I share my experience of being on a reality show, I encourage you to think about how you decide to survive on a daily basis. I will encourage you to think about six words to develop your survival skills. With my six simple words, you can take on any challenge you are faced with. Adversity is not so much contending with problems as it is learning more about who you really are and what is inside of you. Join me and explore what your true survival skills are.
Speakers: Colleen Kelly, Val Moss, Whitney Nicholas, Pat O'Connel
Speaker: Jared Ihrig
Hear from Jared Ihrig, CUNA's chief compliance officer, as he shares his insights on the top compliance issues being worked on in Washington, D.C.
Instructor: Kristen Tatlock
Believe it or not, your CUNA RegTraC modules are fabulous resources for compliance officers long after you've taken the tests and earned your CUCE designation. Each module has numerous charts, appendices, and other tools that you will find useful in the day-to-day compliance world. For example, have you been asked about how much the credit union can be reimbursed for reproducing records requested under a judicial subpoena and wondered where you might find a good synopsis or checklist? Well, in Chapter 2 of your CUNA RegTraC module - General Operations, there's a summary of reimbursable costs provided in Regulation S. Need a quick “cheat sheet” of NCUA Share Insurance Coverage? CUNA RegTraC module - NCUA Requirements and Guidance has great example of share insurance coverage for various types of account ownership.
This session will highlight some of the abundant resources provided by the CUNA RegTraC modules, resources you can use long after the shine from your CUCE certificate has faded.
Speaker: Michele Barlow
Recent amendments to Regulation CC have an impact on every financial institution, large and small. What could your risk be for not understanding how the changes will impact your financial institution? This session details what the new amendments are, what your financial institution needs to do to be compliant, the risk that can be present to your financial institution, new indemnities that are created by these amendments and how they affect your financial institution's Remote Deposit Capture program. We will also discuss the newest amendment of the “presumption of alteration” that become effective on January 1, 2019. Scenarios will be used to illustrate key warranties and how breach of warranty situations may be handled.
Speaker: Jared Ihrig
This session is beneficial for all students, even those who are not recertifying. For students needing to recertify their CUCE designation, this is an opportunity for you to review the regulatory information you will be tested on. If you do not need to recertify but are interested in learning more about the regulatory changes that have occurred since the 4th quarter of 2016, join this session.
Speaker: Sue Landauer
We all wear so many hats in the credit union industry. Compliance and audit go hand in hand - right? Where does one end and the other begin? Or do they just meld together?
In this session we will define the compliance function and the audit department and discuss how you can function if you have both sides of the equation. How do you maintain these functions and make sure they can co-exist?
Speaker: Nikki Jackson
This session, presented by Nikki Jackson, the head of the St. Louis Fed's Louisville, Ky., Branch, will provide an overview of the Federal Reserve System, the central banking system of the United States of America. It was established by Woodrow Wilson and Congress through the Federal Reserve Act of 1913 to create the financial conditions that foster economic growth: stable prices, sound banking practices, and a reliable payments system. Jackson will also talk about the work that the Branch does, that of her staff and that of her board of directors-- from gathering information on Main Street for monetary policymakers to supervising banks to encouraging community development in underserved areas.
Speaker: Frank Drake
As our population ages, so does the membership in many CUs. Ageing members may become cognitively impaired, isolated, baffled by computer-driven banking practices and increasingly dependent on caregivers and family members. At the same time, they can cling to 20th-century conventions of personal privacy and a fierce desire to maintain their independence. Result: too many seniors become vulnerable to too-frequent exploitation. Fully 90% of abusers are not strangers; they are family members or “trusted others”. This program will discuss topics relevant to CUs who want to “do the right thing” in the face of privacy restrictions.
“The scenario is painfully common: a defaulting debtor deserving of a derogatory credit bureau report decides to engage in “credit repair” by persistently, repeatedly filing nuisance disputes and demands for debt validation. Lenders suffer the torment of endlessly redundant CBR disputes. The debtor's goal is your exasperation and surrender. The lender's goal is accuracy - and a silenced debtor. Is there a “silver bullet” to squelch forever the nattering crank? No, but there are approaches and measures, and a statutory authority to give short shrift to redundant complaints. Learn how here.”
Speaker: Sue Landauer (Moderator), David Reed, Kristen Tatlock, Tyler Parker, Whitney Nicholas, Kaitlin Wahlin
Join us as our speakers present on hot topics and take your questions. This is a fun interactive session you won't want to miss!
Speaker: Bruce Pearson
This session, presented by SWM's Bruce Pearson, will provide a summarized review of key trends in the litigation world which not only Compliance Officers but all Financial Industry Senior Executives can benefit from.
Moderator: Colleen Kelly
Peer Panelists: Margaret Kilburn, John Masten
Join Colleen Kelly and her Peer Panelists as we discuss “Marijuana and the Risks"
Is your brain full? Have you had enough? At this point, we believe you have reached full saturation! But let's get together and discuss the highs and lows of the conference. We will have snacks to go for your journey home. Did we miss something? Now is your chance to let us know, while you prepare to depart.
Speaker: Jeremy Smith
Although we have seen a decline in the amount of headline grabbing enforcement actions, fair lending continues to be a focal point for the regulators. Now is a great time to re-evaluate your current process to ensure your lending program is up to snuff.
Speaker: Ty Parker
Numerous risk and loss issues can be prevented and/or reduced with your credit union's disclosures and contracts. These risk and loss issues include operational and practical matters as well as legal and compliance risk and loss issues. This session will show you how to address risk issues and prevent losses with disclosures, as well address risk and loss issues that result from disclosures. Since disclosures have to be provided anyway, it just makes sense to use disclosures to prevent and reduce critical and costly matters ahead of time.
Speaker: Colleen Kelly
In this session we are going to explore recent developments in state, national and global privacy regulations and how they could impact your credit union's compliance program. We will review the changes to the annual privacy notice requirement, the confusion of the inconsistent regulations, as well as the many exceptions to the rule that make it less onerous than you may believe.
Speaker: Tim Behunin
Compliance requirements are ever-changing. During this session, Tim Behunin, compliance administrator at America First Credit Union in Ogden, Utah, will share best practices for implementing effective policies and procedures at his credit union. He will also identify the many required components of a Policy and Procedure Management Cycle to help you learn best practices that you can implement at your credit union.
Learning objectives for this compliance breakout include:
You sign documents. You approve reports. Do you realize the critical role you have in detecting and preventing fraud? In this session we will discuss how preventative and detective controls are crucial to your credit unions' internal control structure, and how you are vital to their success!
Speaker: Kaitlin Wahlin
In this session, we will take a closer look at the consumer lending provisions of Regulation Z and the official commentary. We will break down some of Regulation Z's more complicated provisions and requirements; discuss common violations; and review penalties for violations.
Speaker: Mitchell Klein
On their face, Share Insurance and IOLTA are basic principles that we employ every day at out credit unions. As a member's relationship with the credit union gets more involved, and as more funds are deposited, it becomes more and more complicated to know which funds are insured, and who is insured.
This session will examine both the basics and the more in-depth concepts of both Share Insurance and IOLTA, including:
Now that it seems like things have calmed down when it comes to new mortgage regulations, let's spend some more time on the rules that play the biggest impact in the mortgage process. In this session we will do just that with key mortgage requirements such as HMDA, Reg B, Reg Z (aka TRID), Flood, and Insurance. The goal is to highlight the focus of each regulation while taking time for questions and talking through pain points as a group.
Speaker: David Reed
Every credit union compliance officer understands the absolute requirement to maintain the confidentiality of member information and the need to secure key internal processes. We also understand that said information is maintained on a variety of platforms from your core processor to your various add-on software's. Add physical access requirements at branches and specialized functional areas, and you have an almost unlimited number of decisions concerning who goes where and touches what. These decisions go well beyond password protocols and include what level of system access will be given to any particular staff member. Simply stated, your tellers should not have access to your FedLine account! This session will review your credit unions distribution of user access rights and examine the key decision points that every credit union needs to utilize.
Small Credit Unions $100M and Less: Sue Landauer
Medium Credit Unions $101M to $500M: Kaelyn Lewis
Large Credit Unions $500M and Greater: Brian Hague
These sessions will begin with a review of the fundamentals. -Then attendees will participate in an interactive table-top exercise focused on a specific risk assessment and providing an opportunity to collaborate with peers. In addition, attendees will practice boiling down the risk assessment into a meaningful discussion for senior decision makers.
For years, credit unions have considered cyber security solely the domain of Chief Information Security Officers and Information Security departments. And given the highly technical and complex nature of these threats, that made sense. But increasingly, board members and senior executives have expressed the need for assurances related to cybersecurity beyond information technology reporting. They are calling for independent assurance on the effectiveness of cybersecurity risk management and controls. A comprehensive cybersecurity program is based on policy management, control monitoring and effective audit programs. All of which perfectly positions credit union compliance officers as an indispensable partner to a credit union's cyber security program.
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