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10/22/2014
CUNA Mutual Webinar – Mobile Banking Risks Knocking at Your Door

Fall Leadership Conference - Credit Unions

Credit Union Recap

The Minnesota Credit Union Network held attend its annual Fall Leadership Conference on Sept. 5-7, 2014. This event featured industry experts providing insight and relevant information on top credit union issues. Session topics included:

  • how to link strategy, interest rate risk and financial performance,
  • innovations in lending
  • an economic outlook
  • the future of payments
  • developing tomorrow's credit union leaders

Held at Madden's Resort in Brainerd, Fall Leadership Conference also offered attendees many amenities that provide relaxation and recreation. 


Thank you to our Platinum Level Sponsor CUNA Mutual Group
Gold Level Sponsors: AmeriCU Mortgage, CliftonLarsonAllen LLP, and Marketplace Home Mortgage, Minnesota Item Processing (MnIPC) and
Silver Level Sponsors: AJ Business Development, Alloya Corporate Federal Credit Union, Bankers Equipment Services, Inc., Channel Financial, CU Companies, HTG Architects, IDT911, New York Life, and NuSource Financial, Inc. for their support of Fall Conference.

 

View the 2014 Fall Leadership Conference booklet.

  

 Educational Sessions

Friday, Sept. 5, 2014

1 p.m.-6:30 p.m. Registration

1:30 p.m.
Breakout Sessions  -      Golf Villa Meeting Rooms
                 
                                  

The Future of Lending - Tim Lerew, Timothy Lerew Consulting * 
This dynamic session shares actual examples of emerging innovations in lending, from live looks at person-to-person sites like Prosper, to the latest in online orgination and approvals. Current and future volume trends for both new and traditional lending products will be tracked, along with the channel mix that will deliver them. 

              
Balancing Strategy, Risk Management and Examiner Pressure – Pam Finch and Pete Crusius, c. myers +
Examiner pressure with respect to interest rate risk is heating up. As this pressure increases, it becomes more important for decision-makers to link strategy, risk management and financial performance -- and to be able to clearly articulate this link to their examiners. Additionally, the Interest Rate Rule effective Sept. 30, 2012, states that the NCUA "does not seek to endorse certain IRR measures, measurement techniques, or assumptions over other." However, for ease of comparability across credit unions some examiners will start their exam using net economic value analysis. They may even suggest that the credit union sell assets today as a result of this type of analysis. This session will be conducted in English -- not financial jargon. It is designed to help board members approach risk management from a strategic and business model perspective.

3:45 p.m.
General Session -       Upper level of Town Hall

Economic Outlook for Minnesota's Credit Unions - Dwight Johnston, Dwight Johnston Economics *+
The economy and job market appear to have moved from merely muddling along to exceeding expectations. One question is, is it sustainable? The second, and perhaps bigger question is, what does this mean for interest rates? Are interest rates poised for a major move higher? We'll discuss these big picture issues, drill down into the regional economy, and look at how the credit union industry is positioned.            

3 p.m.-6:30 p.m. Exhibit Hall  
5 p.m.-6:30 p.m. Reception in Exhibit Hall
6:30 p.m.-7:30 p.m. Dinner

Saturday, Sept. 6, 2014

7 a.m.-8:30 a.m. Breakfast
9:30 a.m.-11:15 a.m. Exhibit Hall
8:30 a.m.-12:30 p.m.
General Sessions

The Future of Payments - A Panel Discussion *+ 
Today's wallet contains debit and credit cards, loyalty cards, and a minimal amount of cash. But what will a wallet look like in 2020? While we can't predict the future, there are a few emerging technologies today that look like they will grow in the coming years. Industry experts will discuss the perspectives of these technologies and what impact they will have on credit unions. Time has been allotted for Q&A.                   
              

Election 2014 Face Off *+
The 2014 elections are just a few months away! Individuals elected to the State Legislature and to Congress have a tremendous impact on the day-to-day operations of your credit union. Join this fun and informative session to hear political experts from both sides of the aisle give their predictions and perspectives on the November elections.  
            

The Bleeding Edge and The Leading Edge: Using Innovation to Move Your Credit Union Ahead of the Curve - Jackson Hataway, Ph.D., Strategic Arts & Sciences *+
If nothing else, one fact has become clear in the wake of the Great Recession: the traditional banking business model will never recover. The aftershocks of the recession have come in the form of corporate stabilization assessments, reduced fee income, stagnant loan growth, and a tepid economic recovery -- all of which equate to major headaches as credit unions attempt to meet rapidly changing consumer expectations of their financial institutions. Credit unions must now walk the fine line between the "bleeding edge" and the "leading edge" when it comes to introducing new products, services and delivery channels. What many don't realize, however, is that the key to this precarious balance is intelligent and effective innovation -- innovation that capitalizes on the existing resources of the credit union and that helps to build a bench of capable leaders for the future. And there has never been a better time for innovation than now.

12:30 p.m.-1:30 p.m. Lunch
2 p.m.-5 p.m.

Free time activities

  • 9-hole scramble golf tournament – 2 p.m.
  • Bingo – 2 p.m.
  • Pontoon tours – 2 p.m. and 3:45 p.m.
  • Trapshooting – 2 p.m. and 4 p.m.
6 p.m.Conference Reception
6:30 p.m.Banquet & Entertainment featuring comedian Tim Bedore 

 

+    Volunteer Track Session
*    Management Track Session
*+  General Session

  

 

Speakers


Tim Bedore
Bedore has spent thousands of hours entertaining audiences for the past 20 years, first on the radio and then as a comedian, headlining comedy clubs across the country.


Pete Crusius
Crusius is a Senior Vice President/Principal at c. myers and as worked in the financial services industry since 1985. Since 1995, he has focused his efforts on credit unions. On a regular basis, Crusius meets with credit union boards and management to guide them in deciding strategic direction. He also works closely with many CEOs and senior management groups helping them to understand, evaluate and manage their risks to earnings and net worth. On any given day, many clients rely on Crusius' expertise in ALM, Strategic Visioning, as well as his understanding of their respective, unique balance sheet structures. Crusius has spoken nationally at several industry conferences.

Pam Finch
Finch is a Vice President at c.myers and brings nearly 25 years of experience in the financial services industry to the c. myers team. She served eight years on the CUNA CFO Council Executive Committee, including two years as the Council Chair. Utilizing the expertise she gained through the CFO Council and her 16+ years as the CFO of a Minnesota credit union, Finch works closely with CEOs, CFOs and senior managers to help them understand their long-term risks to earnings and net worth, as well as the opportunities and challenges that new business decisions under consideration can present. As a strategic planning facilitator, she uses her in-depth experience to guide credit union boards and managements as they develop strategic plans that support their desired financial performance. Clients rely on Finch's expertise in ALM, as well as her understanding of their respective, unique balance sheet structures.

Jackson Hataway, Ph.D.
Hataway holds a Doctorate in Organizational Communication from the University of Alabama.  He specializes in organizational development, strategic planning, team building, and organizational learning. He has a unique ability to couple real-world, honest practicality with new theories of corporate growth and change as he works with organizations. Hataway is a renowned professional speaker with numerous national awards. During his years of teaching at the collegiate level, he had the opportunity to refine his ability to synthesize and deliver complex information to a wide variety of audiences. Hataway has spent a great deal of time coaching students and executives in his high-energy and engaging approach to public speaking. He has worked with organizations of all types, including Honda, the MBA Program at the University of Mississippi, and the Alabama Business Council for the Arts.  

Dwight Johnston
Johnston is the President of Dwight Johnston Economics and the Chief Economist of the California and Nevada Credit Union Leagues, and has over 30 years of investment experience with financial institutions in a variety of roles. For the past fifteen years, beginning with his role as economist for WesCorp, he has focused on economic and market information and education for credit unions. Johnston is the author of a popular daily and long-term commentary site and is a frequent speaker at credit union board planning sessions and industry conferences. His mission is to demystify economics and the markets, make a sometimes dry topic entertaining, and help credit unions understand and prepare for an uncertain ecomonic environment.  Johnston is a graduate of the University of Texas at Austin.

Tim Lerew
Lerew is the President of Timothy Lerew Consulting and specializes in applying technology and change management to strengthen financial institutions. He is an internationally recognized speaker on emerging technologies and their impact on financial services. Lerew has served as Senior Director of Corporate Marketing at Edify Corporation and Director of Emerging Technologies and Director of Product Management at ULTRADATA Corporation. He has directed and performed advanced research, facilitated the Technology Research Partners program to facilitate activities and introduced new product technologies and prototypes. Lerew's work has included a comprehensive analysis of the impacts of the Internet on credit union members and operations, electronic cash and smart card research white papers, and advanced speech recognition technologies. He has a BA from the University of the Pacific and a Master of Science in International Business from St. Mary's College of California, as well as a Series 7 Securities License.

 

Questions?

With questions about the 2014 Fall Conference, please contact MnCUN Director of Education Sue Groskreutz by email or at (651) 288-5521. All cancellations and substitutions must be submitted via email.