CUNA Investment Certification eSchool: Advanced

CUNA Investment Certification eSchool: Advanced
Date:
10/04/2021 To 11/01/2021
Product Code:
ES12ICA21
Speaker:
  • $1,295.00
    $1,095.00 CUNA Member Price
  • Early bird discount valid through September 04, 2021
  • Non Member Price $2,590.00
  • Learn how to become a member here: cuna.org/join

 
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This eSchool is designed to teach professional credit union investors the math principles that underlie securities. Attendees experience the importance of these principles by learning how to set up the investment problems in a way that leads to an optimal solution. This is an advanced learning experience that unveils the common misapplication of conventional wisdom and teaches attendees an analytical framework to help investors to objectively make better risk/reward decisions independently.

The program is designed to help objectively answer 5 critical due diligence questions:

  1. Why did you buy this bond?
  2. Why didn’t you buy something else?
  3. Why this sector?
  4. Why this percentage in this sector?
  5. What process did you go through to gain assurance that this was the best course of action for your institution?

This event is endorsed by CUNA Finance Council.

Who Should Attend

This eSchool is beneficial for CFOs, finance professionals, chief investment officers, investment analysts and accountants, controllers, comptrollers, auditors, risk managers, directors, ALCO members, volunteers and CEOs.

Topics

The Economic Cycle & a Case Study in Security Selection
Monday, October 4, 2021 // 10:00-11:30 a.m. CT
Speaker: Brian Battle

During this session, we will:

  • Discuss economic, interest rate and liquidity cycles
  • Review Bloomberg screens of four securities
  • Select the best performing security
  • Review the selections

The Use & Abuse of Conventional Analytics
Wednesday, October 6, 2021 // 10:00-11:30 a.m. CT
Speaker: Brian Battle

During this session, we will:

  • Learn decision theory
  • Discuss top-down investing
  • Review economist forecasting track records
  • Talk about common misapplication of key financial concepts

Overcoming Analytical Contradictions
Friday, October 8, 2021 // 10:00-11:30 a.m. CT
Speaker: Nigel Johnson

During this session, we will:

  • Discuss rolling down the yield curve
  • Review problems of using conventional analytics
  • Walk through calculations on bullet and callable bonds to learn total return scenario analysis
  • Review and compare projected returns to actual returns
  • Participate in breakout calculator sessions

A Framework for Fixed-Income Decision Making
Wednesday, October 13, 2021 // 10:00-11:30 a.m. CT
Speaker: Thomas Back

During this session, we will:

  • Perform break even analyses
  • Learn time value of money
  • Review historical credit union performance

Total Return Scenario Analysis – Applied to Bullet & Callable Securities
Friday, October 15, 2021 // 10:00-11:30 a.m. CT
Speaker: Thomas Back

During this session, we will:

  • Discuss rolling down the yield curve to learn total return scenario analysis
  • Walk through calculations to practice total return scenario analysis
  • Review and compare projected returns to actual returns
  • Compare actual returns to yield, spread, duration and option-adjusted spread (OAS)

Evaluating Live Bullet & Callable Offerings
Monday, October 18, 2021 // 10:00-11:30 a.m. CT
Speaker: Kurt Fritz

During this session, we will:

  • Review several live offerings credit unions are currently being offered
  • Learn the analysis, comparison and selection process
  • Reinforce objective risk/reward decision making using real world examples
  • Participate in breakout sessions where attendees run bullet and live callables

Decomposing MBS & CMOs – Part 1
Wednesday, October 20, 2021 // 10:00-11:30 a.m. CT
Speaker: Caleb DeMoss

During this session, we will:

  • Identify key risks
  • Review conventional MBS – Descriptions and analysis
  • Discuss prepayment speeds, PSA, CPR, consensus and vectored cash flows
  • Learn the impact of cash flow volatility on MBS Pools and CMO structures
  • Perform evaluations of collateral and cash flows

Decomposing MBS & CMOs – Part 2
Friday, October 22, 2021 // 10:00-11:30 a.m. CT
Speaker: Caleb DeMoss

During this session, we will:

  • Review different collateralized mortgage obligation (CMO) structures
  • Learn PAC and Sequential
  • Reapportion cash flows for a CMO
  • Discuss prepayment speeds, Public Securities Association (PSA), conditional prepayment rate (CPR), consensus and vectored cash flow

Moving Coupons
Monday, October 25, 2021 // 10:00-11:30 a.m. CT
Speaker: Caleb DeMoss

Are Adjustable Rate Securities an insurance policy against rising rates? Traditionally, how are Floating Rate Securities evaluated?

During this session, we will learn:

  • Are all floaters good risk rewards?
  • Historical lookback
  • The risks inherent in all floaters
  • A new way to analyze floaters

Workshop: Security Level Risk/Reward Decision Making
Wednesday, October 27, 2021 // 10:00-11:30 a.m. CT
Speakers: Caleb DeMoss & Nigel Johnson

During this session, attendees will independently:

  • Build a portfolio
  • Evaluate investment options
  • Select a security
  • Evaluate actual results
  • Receive awards

Looking Forward – Applying Lessons Learned Across the Balance Sheet
Friday, October 29, 2021 // 10:00-11:30 a.m. CT
Speakers: Danny Van Dyke & Thomas Back

To survive, your credit union needs Quality Sustainable Earnings. How do we apply what we have learned from this program to the whole balance sheet? Is NEV and NII giving us valuable information or is it leaving us with blind spots in our decision-making process?

These questions and more will be answered in this interactive session:

  • What is our starting point?
  • Limitations of conventional ALM models
  • A better way to analyze risk/reward across the balance sheet
  • How to run the numbers applications

CCUIP Advanced Exam Review
Monday, November 1, 2021 // 10:00-11:30 a.m. CT
Speaker: Jim Toliver

This review session will help prepare you for the Certified Credit Union Investments Professional (CCUIP) exam. Materials will be reviewed and you may ask questions.

Also Available

All live event registrations include credit union access to the recorded event. You may also purchase the recorded event separately. Click here to see more about purchasing the recorded event.

This eSchool is available to CUNA Training Bundle users at no additional cost.

CPE credits

You can earn group-internet credits for this program. CPE credits will be determined immediately before the program. You must attend the live, virtual event to earn CPE credits. Viewing the recorded sessions will not qualify. For more information, please contact CUNA at 800-356-9655 or hello@cuna.coop.

Credit Union National Association (CUNA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website.

ACE credits

You can earn credits for this program. To receive the credit recommendation, you must register, attend and complete the program and accompanying exam. For more information, please contact ACE here.

The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credits for eight of CUNA designations. Founded in 1918, ACE is the major coordinating body for all the nation's higher education institutions, representing more than 1,600 college and university presidents and more than 200 related associations nationwide. It provides leadership on key higher education issues and influences public policy through advocacy. For more information, visit the ACE CREDIT website.

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