Executive Roundtable

May 17, 2019
Newport, RI

Learn - Connect - Share

 

Where:  Hotel Viking, 1 Bellevue Ave., Newport, RI 02840

When:  May 17, 2019 from 9:00 am to 3:00 pm

Who:  CEOs, CFOs, and other C-level employees

Cost:  Alloya Member/Balance Sheet Solutions Client - $0

Non-Alloya Member/Balance Sheet Solutions Client - $75
(invoice will be sent)

CPE Credits:  Earn up to 6.0 CPE credits.

 

Takeaways:

Completing this full-day event, you will gain a better understanding of the following:

  • How to assess your credit union’s strategic positioning and identify opportunities to successfully address major challenges your credit union will face over the next year.
  • Recent financial and operational trends in the credit union industry and what they mean for you.
  • The current state of the international and domestic economic landscape and what changes may come.

Agenda

Friday, May 17 
9:00 - 9:30 amRegistration
9:30 - 10:45 am Jeff Paille, The Top Ten Strategic Considerations in 2019
10:45 - 11:00 amBreak
11:00 am - 12:00 pm Joanne Black, NCUA Hot Topics
12:00 - 1:05 pm Working Lunch, Tom Slefinger, Make Your Investment Activities Easier in 2019
1:05 - 1:15 pmBreak
1:15 - 3:00 pmTom Slefinger, When Will the Next Recession Arrive?
3:00 pmEvent Concludes

Topic Descriptions


The Top Ten Strategic Considerations in 2019

Credit unions face an increasingly complex environment of regulatory, economic, demographic, financial, organizational and operational challenges – not to mention the impact of a rising rate environment. The pace of change in these areas continues to accelerate. The task of identifying, understanding, evaluating and reacting to these changes as they happen takes a toll on credit union management teams and boards.  This also leaves little time for credit union leadership to look forward and identify strategic opportunities and risks that might arise from coming changes. To be effective in identifying and addressing future challenges and opportunities, you need to be informed so you can ask the right questions.

In this session, you'll receive our list of the top 10 strategic items being discussed by credit unions this year. Discussion will explain these challenges in plain language and center on consideration of these items from the perspective of senior management and directors. We will help you consider some of the important questions credit union leaders should be asking now and discuss potential answers to those questions. After attending this session, you will be armed with the information you need to assess your credit union’s strategic positioning and identify opportunities to successfully address the major challenges your credit union will face over the next year.

Presenter: Jeff Paille, CPA, Partner at The Bonadio Group
Program Level: Intermediate
CPE Credits: 1.5
Field of Study: Specialized Knowledge and Applications


NCUA Hot Topics

During this session, we will discuss the recent financial and operational trends in the credit union industry. Other points of discussion include the examination priorities for 2019 as well as common findings in examination reports.

Presenter: Joanne Black, CPA, Attorney, NCUA
Program Level: Intermediate
CPE Credits: 1.0
Field of Study: Specialized Knowledge and Applications


Making Your Investment Activities Easier in 2019

With the recent introduction of our new online investment platform – Premier Portfolio – Balance Sheet Solutions’ credit union clients can now perform many of their daily investment activities all in one location. During this session, we will answer the question: What can Premier Portfolio do for you? Discover how its online tools can make investments easier, help you find and view your investment reports, and how to stay in the know with quick access to economic news.

What you will learn:

  • What steps need to be completed to sign-up for Premier Portfolio
  • How to execute marketable and SimpliCD transactions online
  • How to download client reports, including BE/FI analysis, SimpliCD statements, trade confirms, “what if” analysis and Callahan peer group studies
  • How to easily access economic analysis through Daily Market Commentary and Weekly Relative Value

Presenter: Tom Slefinger, Senior Vice President, Institutional Fixed Income Sales, Balance Sheet Solutions
Program Level: Intermediate
CPE Credits: 1.0
Field of Study: Specialized Knowledge and Applications


When Will the Next Recession Arrive?

The U.S. economy has strengthened over the past two years due to massive fiscal spending and tax cuts. However, the impacts from this stimulus have begun to fade and will continue to do so through 2019 and into 2020. The question is – is this as good as it gets? Have we seen peak growth for this economic cycle? Further, by the end of June 2019, the current U.S. economic expansion will become the longest on record, covering 34 expansions and 33 recessions since the early 1850s. While it’s true that economic cycles don’t die of old age, the Fed has now begun the process of normalizing rates and reducing its balance sheet. If history has taught us anything, it is that cycles, up or down, do not last indefinitely — they all die at the hands of the Fed, and this one may be no different.

In this session we will review the international and domestic economic landscape, monetary policy and the factors that may cause the U.S. to fall back into recession. We will also discuss bond and stock market implications and how the Federal Reserve policy will respond in terms of monetary policy.

Presenter: Tom Slefinger, Senior Vice President, Institutional Fixed Income Sales, Balance Sheet Solutions
Program Level: Intermediate
CPE Credits: 2.0
Field of Study: Economics 

Presenter Bios


Jeffrey Paille, CPA, Partner at The Bonadio Group

Jeff is a Partner in Bonadio’s Audit Division and leads the Firm’s Credit Union Service Team. He joined Bonadio in 1992. His background includes conducting financial statement audits of credit unions, as well as Supervisory Committee Audits and audits evaluating the effectiveness of internal control systems and procedures over various aspects of business operations. Jeff has also consulted with credit unions on various matters, including executive compensation arrangements, Board election procedures, Board and Supervisory Committee educational sessions, merger due diligence and accounting, fraud investigations, various elements of strategic planning, allowance for loan losses considerations, and other matters. Jeff has provided training for NCUA examiners and has spoken to credit union groups on topics including strategic risks, mergers, gaining value from audit programs, FASB’s CECL standard, information technology risks, and others.

Jeff’s experience includes serving as Accounting Manager at ESL Federal Credit Union from September 2001 through March 2006. In this capacity, Jeff was responsible for many aspects of accounting for ESL.  Jeff also gained an in-depth understanding of credit union operations and was involved in projects to enhance operating effectiveness and efficiency. Jeff rejoined Bonadio in April 2006 with a focus on serving credit union clients.

Jeff received his B.S. in Accounting from the State University of New York College at Geneseo in 1992, and is a member of the American Institute of Certified Public Accountants. Jeff has served and currently serves on Boards and Audit Committees of several not-for-profit charitable organizations. Jeff has experienced the audit process from three key perspectives: that of the personnel at the organization being audited, that of the committee selecting the auditor and receiving the audit reports, and that of the auditor.


Joanne Black, CPA, Attorney, NCUA

Joanne has been with NCUA for over 30 years. She is a Certified Public Accountant (CPA). Joanne started her career as an examiner in Virginia Beach, VA, where she spent six years. She was then promoted to a Corporate Examiner in Atlanta, GA, where she was responsible for examining corporate credit unions throughout the nation. Joanne remained in that position for four years. NCUA promoted Joanne to a Supervisory Examiner in Atlanta. She and her family relocated to Cape Elizabeth, ME where she currently resides. Joanne is currently a Supervisory Examiner; she supervises examiners in Maine, Massachusetts and New Hampshire.


Tom Slefinger, Senior Vice President, Fixed Income Institutional Sales, Balance Sheet Solutions

Tom’s primary role is to develop and manage operations associated with Institutional Fixed Income Sales with ISI. In addition to providing strategic direction, Tom is heavily involved in analyzing portfolios, developing investment portfolio strategies and identifying appropriate sectors and securities. The goal of this activity is to optimize investment portfolio performance at the credit union level. In total, Tom has more than 30+ years of combined success in fixed income analysis, trading and portfolio risk management. He has a proven track record of delivering superior investment performance across domestic and international fixed income funds.

Tom holds a B.S. in Business Administration from the University of Maine. In addition, he holds a Series 7 and 63 through ISI.

CPE Details

National Registry of CPE Sponsors logo

 

CPE credits will be offered during the Executive Roundtable in accordance with the National Association of State Boards of Accountancy.

CPE credits - Earn up to 6.0 CPE credits.

Prerequisites - There are no prerequisites or advance preparation necessary for these sessions.

Group Live Session

Alloya Corporate FCU 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: www.learningmarket.org.

Conference Cancellation - Deadline May 1, 2019
Your registration is transferable to another person at your credit union by notifying Alloya.

Questions/Special Needs – Specific to this Event
Contact Colin Myers at colin.myers@alloyacorp.org, or at (800) 253-0053, ext. 3849.

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