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CUNA Supervisory Committee & Internal Audit Conference

December 5-7, 2022 // Las Vegas

Venue: The Mirage

Schedule

7:30 – 8:30 a.m. - Pre-Conference Workshop Registration & Continental Breakfast

8:30 a.m. – 4:30 p.m. - CUNA Supervisory Committee Fundamentals Workshop, Lunch included

Led by: Tim Harrington

8:00 – 8:30 a.m. - Pre-Conference Workshop Registration & Continental Breakfast

8:30 a.m. – 12:30 p.m. - CUNA Supervisory Committee Fundamentals Workshop

Led by:  Tim Harrington

8:30 a.m. – 4:30 p.m. - CCUIA Re-Cert Pre-Conference Workshop, Lunch included

Led by: 
Brad Atkin
- John Hock
- Sue Landauer

3:00 – 4:30 p.m. - Early Bird Conference Registration

7:30 – 8:30 a.m. – Conference Registration & Breakfast (Provided)

8:45 – 9:00 a.m. – Welcome & Opening Remarks

Speaker: David Reed

9:00 – 10:00 a.m. – General Session

Speaker: Amanda Parkhill

10:00 – 10:30 a.m. – Networking Break

10:30 – 11:30 a.m. – General Session: Economic Update

Speaker: Mike Schenk

The Federal Reserves’ attempts to curb inflation have clearly increased the risk of recession. Demographic shifts – with potentially large impacts – have accelerated. Politics and the political climate have assumed increasing importance. Longstanding economic assumptions, relationships and metrics are less relevant in today’s economy. In an environment characterized by crisis, uncertainty and complexity, these trends are magnified – with important implications for all those interested in credit union operations. Mike will explore these and related themes and will discuss implications for credit unions over the year ahead.

11:30 a.m. – 1:00 p.m. – Networking Lunch (Provided)

1:00 – 2:15 p.m. – Breakout Sessions (choose one)

Building the Supervisory Committee of the Future
Speaker: Michael Daigneault

As credit unions continue to grow in asset size and as regulatory oversight evolves to meet the needs associated with that growth, Supervisory Committees must contemporize as well. We will explore the Supervisory Committee’s Critical Governance Role as one of the "three lines of defense." Participants will learn about building effective relationships with their Board, Management, the Supervisory Committee itself and with their Auditors as we explore the notion of independence and what it means.

Additionally, we will discuss the Supervisory Committee's role in Enterprise Risk Management, preparing for changes in regulatory matters as credit unions grow in asset size with a module dedicated to asking the right questions at the appropriate strategic level of thought regarding fiduciary matters.

Finally, Michael will speak to the contemporary practices around recruiting volunteers for your Supervisory Committee, how the trends around recruitment best practices are shifting and changing to meet the demands of the modern credit union.

Understanding the Increasing Expectations for the Supervisory Committee, A Joint Breakout with the NCUA
Speakers:
- Amanda Parkhill
- David Reed

The financial services world is getting more complex every day and COVID has only quickened the pace. Changing delivery methods, new regulations and member expectations are increasing the pressure on volunteers and managers to guide the credit union through these troubled waters. The Supervisory Committee plays a unique role within the credit union as the watchdog for the members. This session will explore the traits of a healthy Supervisory Committee, the varied interactions and stake holders, as well as best practices to ensure full compliance with your regulatory duties.

Importance of Financial Well-Being for All
Speaker:
Mike Schenk

Financial security and resilience are complex and challenging issues. That’s always been true. But today, data clearly shows disruptions and disparities are more pronounced than ever.  

Mike will explore the impact that credit unions have in members’ lives – through mission-driven strategies, new tools, impactful collaborations and powerful communications strategies. Quantifying and sharing the results has had a powerful impact – both from the standpoint of relevance (growing memberships) and advancing the movement’s advocacy agenda. 

Supervisory 101
Speaker:
 Sue Landauer

This course covers the basic Supervisory Committee responsibilities – we will walk you through the basics of the regulations that your Supervisory Committee must understand to ensure they are doing everything they are responsible for. This is a great refresher course, or perfect for new members of the committee.

2:15 – 2:35 p.m. – Networking Break

2:35 – 3:50 p.m. – Breakout Sessions (Choose One)

Credit Union Advocacy in 2023: New Lawmakers and New Opportunities
Speaker: 
Kristen Prather

The 2022 midterm elections will not only bring new lawmakers at the state and federal level, but it will also bring newly drawn legislative districts to many returning lawmakers. With these changes it is more important than ever for credit unions to be involved in advocacy. This session will teach participants the advocacy basics and what CUNA expects to be the legislative and regulatory focuses going into 2023 at the federal and state levels

Confessions of a Former Credit Union Risk Manager
Speaker: 
Michael Cannes

As a former credit union risk and audit executive, there were times when the various stakeholders had different viewpoints and definitions of risk-related topics. This session will attempt to answer some of the questions and topics that would have benefited the credit union, including the following:

What is enterprise risk management and how can it benefit the credit union?

  • What is internal audit's role in enterprise risk management?
  • What is the Three Lines Model and how does it give guidance to internal audit to provide value?
  • What is a risk appetite and how should it guide internal audit and the supervisory committee?
  • What is a risk assessment and how should internal audit and the supervisory committee use them?
  • What is enterprise risk management and how can it benefit the credit union?
  • Q&A - questions that you may have

Data Breach Concerns: Lessons Learned the Hard Way
Speaker: Randy Romes

The last two years have provided significant learning opportunities in incident response, disaster recovery and business continuity. This session will analyze case studies of cybersecurity breaches or business continuity situations from the last 18 months that had significant impact on businesses.

We will explore lessons learned as a result of (1) enterprise software and software supply chain vulnerabilities; (2) Office 365 and business email compromises; (3) examples of Ransomware attacks that occurred throughout 2021 and 2022; and (4) the COVID pandemic impact on IT/cyber operations.

Attendees will gain an up-to-date understanding of the current threat landscape through the analysis of the case studies and examples from our penetration testing, incident response and forensic practice. Through examination of the case studies, we will explore strategies to mitigate the risks related to these types of situations and attacks and discuss the elements and structure of Incident Response plans.

Learning Objectives:

  • Understand the latest threat developments
  • Recognize critical dependencies and risks in outsourced service provider relationships
  • Learn where organizations can focus valuable risk mitigation resources
  • Develop and refine a framework of knowledge to plan future security efforts

Supervisory 101 (Repeated)
Speaker:
 Sue Landauer

This course covers the basic Supervisory Committee responsibilities – we will walk you through the basics of the regulations that your Supervisory Committee must understand to ensure they are doing everything they are responsible for. This is a great refresher course, or perfect for new members of the committee.

4:30 – 7:00 p.m. – CUNA Supervisory Committee & Internal Audit Conference Welcome Reception

Appetizers, cocktails & entertainment provided

*Included in the guest program

7:30 – 8:30 a.m. – Breakfast (Provided)

8:30 – 9:30 a.m. – General Session: Supervisory Committee Deep Dive: Planning, Execution & Evaluation

SpeakerAncin Cooley

Supervisory committee members often find themselves stuck between two opposing forces. On one side, you must provide strong internal audit functions so the CU can take on risk in a safe and sound manner. On the other, your role should serve as an asset and not a hinderance. In this unique session, supervisory committee members will learn how to:

  • Strike a balance as auditor and as an asset to the CU.
  • Communicate effectively with management, Board members, external auditors and regulators.
  • Apply best practices for managing and correcting audit findings.
  • Prepare for new and evolving regulatory hot button issues before your next exam.
  • Create and manage an internal audit plan that you can use keep everyone on track.
  • Assess the effectiveness of the supervisory committee processes.
  • And much more.

9:30 – 9:45 a.m. – Networking Break

9:45 – 11:00 a.m. – Credit Union Hot Topic & Best Practices Forum

Attend the appropriate session based on your credit union asset size

11:00 a.m. – 1:00 p.m. – Lunch (On Your Own)

1:00 – 2:15 p.m. – Breakout Sessions (Choose One)

Becoming an Inclusive Leader
Speaker: 
Samira Salem

We live in a time of increasing uncertainty – health, economic, political and climate. We are called upon to lead our mission-driven organizations amid uncertainty. Join us in this session to talk about:

  • What it means to be an inclusive leader
  • How inclusive leadership can help us meet the challenges of this moment and
  • How we can practice inclusive leadership that maximizes staff engagement, excellence, and commitment to our mission

Re-Envisioning Your Internal Audit Plan for Today’s Risks
Speaker:
Eileen Iles

Today, internal auditors face much difficulty in identifying emerging risks and building risk-based plans that are flexible and dynamic amid continued disruption and uncertainty. As your Supervisory Committee’s eyes and ears, get a look at present-day areas your internal auditors should be focusing on to help keep sight of the big picture of vulnerabilities and opportunities for your credit union.

Learning Objectives:

  • Expand your understanding of identifying current risks applicable to the credit union and its internal audit.
  • Gain insight of how to position the internal audit plan to address current risks.
  • Explore application of real-world examples to re-envision the internal audit plan.

PCI Readiness, Risk Management and Compliance for Credit Unions

Speaker: Randy Romes

The PCI DSS (Payment Card Industry Data Security Standard) has been in place for over 15 years. In that time the standard has been updated through three major revisions, including the release of version 4 this year in 2022. Credit unions find themselves in the position of functioning in multiple roles: card issuers, merchants and, in some instances, service providers. This session will describe the latest updates to the compliance standard, present solutions to common challenges in adhering to the standard and provide attendees with clear strategies for how the credit union can manage the risk and compliance needs related to credit card security.

Learning Objectives:

  • Understand how the core elements of the PCI DSS apply to credit unions
  • Recognize key challenges faced by credit unions in managing a PCI compliance program
  • Learn how a well-functioning PCI compliance program and support and enhance the credit unions risk management program

CECL Considerations: What Internal Audit and the Supervisory Committee Can Expect

Speakers: 
- Tanya Medgaarden
- Dean Rohne

Credit unions will be adopting the new allowance for loan loss standard known as CECL. This session will review the process of adopting the standard and implementation, which includes everything from journal entries for adoption to policy development. This session will also review the role internal audit and the supervisory committee play with adoption, as well as ongoing involvement after implementation.

2:15 – 2:35 p.m. – Networking Break

2:35 – 3:50 p.m. – Breakout Sessions (Choose One)

Fraud and the Supervisory Committee
Speaker: 
Sue Landauer

Do you understand the basic types of fraud that could happen at your credit union? And do you understand what your role is in the fight against fraud? We will cover the basic types of frauds that hit financial institutions and discuss your role in protecting your credit union.

CECL Considerations: What Internal Audit and the Supervisory Committee Can Expect (Repeated)
Speakers:
Tanya Medgaarden
Dean Rohne

Credit unions will be adopting the new allowance for loan loss standard known as CECL. This session will review the process of adopting the standard and implementation, which includes everything from journal entries for adoption to policy development. This session will also review the role internal audit and the supervisory committee play with adoption, as well as ongoing involvement after implementation.

Stay Secure & Protected: Cyber Trends for Credit Unions
Speaker:
Cy Sturdivant

2022 did not fall short in terms of the threats facing credit unions. With the continuing remote work environment, cyber criminals continue to adjust their tactics to get access to your valuable information. This presentation will update you on the current cyber trends and impacts and provide specific control areas to enhance to help improve your overall internal audit program. Your role is vital in the security and protection of your members’ information so come prepared for an engaging conversation.

Supervisory, Examination and Other Issues Impacting Credit Unions
Speaker:
 Jared Ihrig

2022 has continued to be a year of change for credit unions. With the continuing pandemic, the winds of change have been blowing for a while now. What lies ahead for credit union professionals when it comes to supervision and examinations? What can we expect from agencies such as the NCUA and CFPB? What will these supervisory and examination expectations mean for the operational outlook for credit unions beyond 2022? Come listen to Jared Ihrig, CUNA’s Chief Compliance Officer and Counsel as he outlines what may lie ahead for your credit union as we move into 2023.

7:30 – 8:30 a.m. – Breakfast (Provided)

8:30 – 9:45 a.m. – Breakout Sessions (Choose One)

Onboarding: It’s Not Just a Dinner
Speaker:
 David Reed

How do you ensure your Supervisory Committee members are ready for their very first meeting? When you consider all of the laws, rules, regulations, policies and people that they need to understand in order to do your job, you need to make sure you have a plan to bring new SC members up to speed.  From the first meeting they attend to your annual meeting, they need to feel part of the group.  And…they need to understand what’s expected from them. How often do you communicate with them during their first few months? What kind of training do you provide? How about socialization? This session will offer some innovative ideas for a SC onboarding process and give you a head start on new volunteer orientation.

Communications: Board, Supervisory Committee, Internal Audit and Management
Speaker:
 Sue Landauer

Who does what? In the credit union, the Board is elected by the membership, they appoint the Supervisory Committee, who then makes sure the Board is doing their job. What kind of communications should exist between them, and who and how are we all communicating with the staff at the credit union? Let’s discuss the who, what and where’s of the relationships we find in credit union land.

Keys to Auditing Your MBL Portfolio and Credit Union
Speaker:
Ancin Cooley

If a credit union experiences regulatory issues, it’s frequently attributed to asset quality issues. Yet, credit risk seems to always play second fiddle to IT and compliance risks in terms of resources and attention. An effective Credit Risk Review process promotes lending agility and profitability. In this engaging and timely learning experience, Ancin Cooley with Synergy Credit Union Consulting will give MBL loan review and credit risk review the attention this important function deserves.

You will learn:

  • State of credit risk review in 2023
  • Opinion on the Interagency Guidance on Credit Risk Review Systems (6/1/20)
  • Keys to assessing your MBL participation portfolio
  • The DNA of a strong loan reviewer
  • 3 reasons credit risk review is your credit union’s competitive advantage

9:45 – 10:00 a.m. – Networking Break

10:00 – 11:00 a.m. – General Session: Finding a Balance in Shifting Credit Union Sands

Speaker: David Reed

The requirements for supervisory committee and internal audit operation are clear, but dangerous pitfalls are all around us. In order for an institution to function at its best, the management team, board of directors and supervisory committee must work in harmony. Only when all three elements are active can you ensure excellent member service is provided and the credit union is operated in a safe, sound and compliant manner. But finding the correct balance can be difficult. Join credit union attorney and recovering Supervisory Committee Chairman David Reed as he cuts through the regulatory speak and highlights best practices to avoid common frustrations and enforce a sense of balance to your credit union.

11:00 a.m. – Adjourn

Schedule subject to change.

All times listed in local timezone.