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Webinar: Director Series: What Can We Learn from Failed Credit Unions?

With unemployment on the decline, housing prices on the rise, and pent up loan demand, most signs point to potential growth opportunities for credit unions in the next few years. But let’s not forget the lessons learned from the most recent financial crisis. Are we doomed to repeat history or can we utilize these war stories to our advantage?

This webinar will examine the common themes surrounding the causes of credit union failures based on material loss reviews, including concentrations, corporate governance, fraud, and others.  It will provide an overview of laws and regulations related to material loss reviews along with historical analysis and end results.  A case study will be presented covering an actual material loss review report for a failed credit union and the reasons for failure.  In addition, the roles and responsibilities of the Supervisory Committee under the applicable NCUA rules and regulations will be covered.

HIGHLIGHTS

  • What is a material loss review and why is it performed?
  • Reasons and trends for credit union failure
  • Case study – Beehive Credit Union
  • Supervisory Committee duties, role, and responsibilities
  • Role of internal audit function
  • External audit function requirement

TAKE-AWAY TOOLKIT

  • NCUA guide to Supervisory Committee role and responsibilities
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND?

This informative session is directed to board members, Supervisory Committee members, and credit union executives.

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Dhaval Patel, CPA, Moss Adams LLP

Dhaval Patel is a CPA and partner at Moss Adams LLP.  He has been in public accounting since 1997, and has worked with credit unions, banks, thrifts, and mortgage companies of varying sizes, providing financial statement audit, internal audit, and other consulting services.  Dhaval has extensive experience related to developing policies and procedures, loan file reviews, reviewing ALLL methodology, evaluating internal controls, and performing related internal audits, as well as reviewing accounting for various derivative instruments, transfers of financial assets, securities, and alternative investments.

THREE REGISTRATION OPTIONS

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

1.  LIVE WEBINAR

The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at www.adobe.com.

Convenient!

Listen to the archived webinar on your

iPad
iPhone
Android

Instructions will be emailed with the archived webinar link.

2.  ARCHIVED WEBINAR & FREE CD ROM*

Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.

3.  BOTH LIVE WEBINAR & ARCHIVED WEBINAR (INCLUDES FREE CD ROM*)

Options 1 and 2 described above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

*CD ROM is for Mac and PC use only


This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register: https://mcua.fed.cuwebtraining.com/store/webinar


 

December 11th, 2014 2:00 PM   through   3:30 PM
MCUA
Webinar
United States

Event Info

When

December 11th, 2014 2:00 PM   through   3:30 PM

Where

MCUA
Webinar
United States

Contact

Phone: 314-542-1321

Email:


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