MADISON, Wis. (4/23/09)--Credit union volunteers can find out how to create viable strategic plans in a challenging economy during the first of several upcoming audio conferences offered by the Credit Union National Association. During the “Board Scenario Planning for a Challenging Economy” audio conference Tuesday, board members can learn what information they should pay attention to create, adapt or reconfigure their strategic plans in a viable way. The session will identify trends of savings and loan activity, weigh the influence of future economic events on growth patterns in 2009, and analyze and establish standards against which credit union performance can be measured. “Board Scenario Planning for Developing and Maintaining an Effective Collections Department,” scheduled for May 5, will examine successful and effective credit union collections programs with member service as the focus. The session also will provide creative tools for assisting members in financial need while creating a more efficient collections process. “Working Your Portfolio Using Loan Modifications in This Economy” walks attendees through underwriting practices and creative ways to minimize effects of charge-offs, repossessions, and bankruptcies. The May 11 audio conference also will feature success stories from credit unions that are using loan modifications to help the member during a financial crisis. On May 14, volunteers can learn about check-hold time frames and how they can be used to help protect credit unions from fraud during “Regulation CC: Check Holds and Other Checking Account Issues.” The offering also covers holds on cash, Check 21, notices, disclosures and stop payments. “Delinquencies and Loan Loss Reserve Funds” on May 18 offers regulatory perspective on how to adequately and fairly fund a credit union’s allowance for loan and lease losses account. The impact of the current economy on lending and collections and loan portfolio diversification will be discussed. Credit union professionals can receive answers to compliance questions during “Pressing Credit Union Compliance Issues” May 21. The conference will address the most popular hot-topic issues--as determined by feedback received from credit unions. Participants can e-mail their questions to firstname.lastname@example.org
before the conference.