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Strategies for economy at CFO Council Conference
MADISON, Wis. (3/31/09)--Credit union chief financial officers (CFO) can discover new strategies to respond and persevere in the struggling economy during the 15th annual CUNA CFO Council Conference and Roundtable, May 17-20, in Las Vegas. During the conference, Credit Union National Association (CUNA) Senior Economist Steve Rick will present, “The State of the Economy” about how the recession, the mortgage crisis, and the bailouts will ultimately affect credit union balance sheets and earnings performance. Rick will offer standards against which to measure credit union performance and will examine savings and loan activity trends, and weigh the influence of future 2009 events on growth patterns. “Because of market volatility, the pressure has never been greater on CFOs to vigilantly monitor their balance sheet,” said Erin Mendez, council chair and senior vice president of finance and information technology, SchoolsFirst FCU, Santa Ana, Calif. “Our conference is packed full of sessions designed to help credit unions strategically maneuver through these turbulent times.” Some of the sessions include:
* Liquidity Management--How Much is Enough, Where to Find More and How Much Will it Cost? * Effective Asset Liability Management Strategies for Volatile Markets; * The Ethical Missteps in the 2008 Financial Crisis; * Merger Strategies for Uncertain Times; * Earnings Improvement Opportunities with ABC and Product Profitability Management; * Income Generators and Expense Reducers; * Financial Accounting Standards Board Update: Accounting Issues; and * Extending Liability Duration Using Interest Rate Derivatives.
A special National Credit Union Administration session (NCUA) on May 19 will discuss the corporate stabilization program and other topics. J. Owen Cole, NCUA director of the office of capital markets and planning, will update attendees on the latest regulations coming from the NCUA. For more information, use the link.
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