National Association of Federal Credit Unions | 45th Annual Conference & Exhibition | July 24 - 28, 2012 | Nashville, TN

Board and Supervisory Committee Track

BSA and Risk Management

Overseeing BSA compliance as a credit union board member is just another form of risk management. All too often, BSA training programs focus on the technical aspects of compliance, without properly discussing risk management. This session will cover risk management (NCUA expectations, seven major focuses and your role) and BSA compliance (OFAC, reporting goals and your responsibility) together. Board members and supervisory committee members who attend this session will gain a foundational understanding of risk management, which will help them better understand their role in managing the credit union’s BSA program. This session may help credit unions comply with NCUA training requirements regarding the Bank Secrecy Act.
Anthony Demangone, Esq., NCCO, Senior Vice President and Chief Operating Officer, NAFCU; and Steve Van Beek, Esq., NCCO, Director of Regulatory Compliance, NAFCU

Regulatory and External Audits: Understand the Issues & Ask the Right Questions

The board has two important allies in the world of credit union governance: the external auditor and the regulatory examiner. We don’t always look at the auditors or examiners as allies, but these two groups look deeply into the inner workings of our credit unions and give the board good information about risks of which a director might otherwise be unaware. Take a look at how boards can get the most out of the audit and examination process; how to get your money’s worth from the external or CPA audit; and how to read between the lines of the federal regulatory exam. We will also look at exit conferences, what questions directors should be ready to ask and how the board can assure that management is taking corrective action on issues raised in the audit process.
Tim Harrington, C.P.A., P.C., President, T.E.A.M Resources

Chairs Caucus

(Exclusively for credit union chairs)
Credit union chairs from across the country will gather to discuss the latest industry issues from a 30,000 foot view. Join in group dialogue and come away from this interactive forum with new insights and ideas that you can apply to successfully lead your credit union in 2012 and beyond!