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CUNA Finance Council Conference
May 19-22, 2024
Orlando, FL
Building Financial Acumen in Non-Financial Leaders
Join c. myers in this CUNA hosted event as we explore the topic of financial acumen. Exceptional leadership teams need an ongoing understanding of how all the areas of the credit union work together, yet many strong leaders cite finance as their weakest area. It’s often up to the financial team to help these leaders gain a solid command of key financial concepts.
Attendees will walk away from this session with:
- Simple ways to bring the financials to life so non-financial leaders really “get” how their decisions create financial impact
- The basics to start with, how to reinforce them, and how to overcome resistance (“I don’t understand any of that stuff”)
- Effective ways to enlist others to help. The finance team doesn’t need to do it all, but your valuable guidance increases their chances of success
- Tools that are easy to use and understand to illustrate key concepts, including the relationships and interconnections of various financial levers
C. myers will be speaking on Tuesday, May 21 at 11:15 am EDT
Balancing Margin Compression with Strategic Progress
Join c. myers in this CUNA hosted event as we explore the topic of balancing margin compression and strategic progress. For many institutions, the combination of forecasted margin compression, increasing delinquencies, pressure on expenses, and urgency to move forward strategically is creating the need to make hard business decisions.
In this session we will address the following questions:
- Should we stay the course and accept lower earnings for a period of time? If so, for how long? If yes, how can we get the Board and Management comfortable defining success at a lower level of ROA?
- What do we need to consider when evaluating realistic funding options and asset mixes and what can we target to help offset the earnings pressure?
- How do we know if we are spending enough organizational energy on exploring ways to increase revenue while continuing to deliver on our value proposition?
- How can we approach tightening expenses without stifling strategic progress?
- How do we continue to remind the Board and Management of CECL’s potential impact so that we don’t become short-sighted?
C. myers will be speaking on Tuesday, May 21 at 1:45 pm EDT
