May – November 2013
- 5:30 Cash Bar
- 6:30 Dinner
- 7:45 Meeting
- 8:00 Speaker
Judy Britt, Training & Compliance Coordinator, CU League of CT
Buffet Dinner – $36.00 per person
Includes Baked Scrod, Tenderloin Beef Tips, and Vegetarian Lasagna.
Click for the meeting Registration Flyer. [to come]
Registration Deadline: Friday, May 17, 2013
Young Professionals are always welcome to attend!
Seasons FCU is sponsoring the attendance of up to 5 Young Credit Union Professionals at Chapter meetings throughout 2013.
Please extend the invitation to any young professional at your credit union!
Make checks payable to Moran/Nixon Chapter of CULCT.
MiddConn Federal Credit Union
213 Court Street, Suite 101
Middletown, CT 06457
NCUA’s Letter to Federal Credit Unions #11-FCU-02, issued in February of 2011, requires that directors of FCUs “must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement.”
It continues, “A director must understand these financial statements to participate in a meaningful manner in the direction and control of the institution.”
This session will be for NEW DIRECTORS who have joined your board since the last required training in the fall of 2012. This will be a two-hour session from 5:00-7:00 p.m. Sandwiches will be served. There is no cost to attend.
Topics will include:
• Balance sheet and income statement basics
• What does ‘off balance sheet’ mean
• The importance of trend analysis (tables or graphs)
• Key financial ratios
• What does ‘accrual accounting’ mean
• Delinquency reporting
• What is the Allowance for Loan and Lease Losses contra asset account and how is it related to the Provision for Loan and Lease expense
• NCUA 5300 quarterly reports
• Budgeting and ALM basics
• The risks: credit, liquidity, interest rate, compliance, strategic, transaction, and reputation
• Peer analysis
• Internal controls
• Asking the right questions
The Truth in Lending Act (TILA) and the implementing regulation, Regulation Z, is a significant part of lending compliance. This session will be an introduction to TILA and Regulation Z, covering definitions, open-end loan disclosure requirements, closed-end loan disclosure requirements, as well as the special requirements for mortgages and credit cards. Attendees will learn the basics about compliance with this significant lending law.
Click for the Registration Flyer.
These webinars will be placed on the League’s member-protected area of the website.
Topic: Financial Reality Fairs
Speaker: Barb Bass, VP Education & HRD, Credit Union League of Connecticut
5:30-6:15 p.m. Cash Bar / Appetizers
6:15-7:15 p.m. Dinner / Buffet
Buffet Style – Only $22.00 per person!
Includes Sausage and Peppers – Chicken Florentine – Baked Scrod – Sliced Roast Beef – Stuffed Shells – Caesar Salad
Click for Chapter Notice and Registration information.
Hartford Chapter Meeting
Social Hour – 5:00 p.m. - Cash Bar
Dinner – 6:00 p.m.
Program – 7:00 p.m.
“What’s Going On at Your League”
Presented by Keith Wiemert, Interim CEO of the Credit Union of Connecticut, President & CEO, Seasons FCU
1. Roast prime Rib $43
2. Chicken Marsala $33
3. Baked Stuffed Shrimp $39
Please reference your name and meal choice.
***Please bring a raffle prize***
Please mail checks by September 25th, to Andres Ilanos, Nutmeg State FCU, 521 Cromwell Ave., Rocky Hill, Ct 06416. Please reference “10/03/13″
Click for Chapter Notice event information.
Bridgeport Chapter Meeting
Tuesday, October 22th, 2013
Augustyn’s Blue Goose Restaurant
326 Ferry Blvd.
Speaker: Timothy Shore, Training Manager, Seasons FCU
Program: Robbery Training
Agenda: 4:30-5:30 p.m. Robbery Training
5:30-6:00 p.m. Social Hour (cash bar)
6:00-7:00 p.m. Dinner – $35.00 per person
7:00 p.m. Chapter Meeting
Featuring a League Update by Keith Wiemert
Dinner: Roast Prime Rib au jus – Slowly roasted, cooked to your taste
Stuffed Shrimp – With crabmeat stuffing
Chicken Parmigiana – Topped with cheese & marinara sauce
Atlantic Salmon – Grilled with seasoned crumbs
Deadline to Register: Tuesday, October 15, 2013
E-Banking and Information Security Compliance
Speaker: Kris Buckley, President, Buckley Technology Group
Buckley Technology Group assists credit unions and other financial institutions with the technology and regulations specific to the financial services industry.
This event will cover a number of online banking compliance topics including:
-Electronic Banking Threats and Security
-Opening and Maintaining Accounts On-line
-Remote Deposit Capture
For more information or to register click for the registration form.
Taking risk, and balancing it with returns, is one of the most fundamental things
all financial institutions – including credit unions – do. While all organizations understand that balancing risk versus return is vitally important, few evaluate risk as a whole across their organization. Understanding systemic risk and how it can be mitigated allows organizations to better manage this critical process.
The program will explore Enterprise Risk Management (ERM) through an interactive presentation and dialog. The morning session will cover the basics of what ERM is and why it is important to credit unions, the regulatory requirements surrounding ERM, and how some have implemented ERM in their organization. It will also cover policy, procedure and governance.
The afternoon session will review a model program and provide a template for attendees to develop ERM programs that can be tailored to their individual credit unions. Attendees will leave the session with the necessary tools to develop and implement an ERM program at their shop.
The program presented will address the following questions:
• What is ERM?
• Why is ERM important?
• Are there any regulatory requirements for ERM?
• What are people in the credit union industry doing for ERM?
• What would model ERM program look like?
• What would an ERM policy look like?
Sponsored by CUNA Mutual Group
When: Monday, March 4th, 2013
Where: New Haven County Credit Union
450 Universal Drive
North Haven, Ct 06473
Agenda: 5:30 – Pizza and soft drinks available
5:45 – Brief Meeting and Election of Officers
(There will be no program, and the meeting should not run more
than 30 minutes.)
**** If anyone is interested in a position, please let Jim know. ****
Cost: No Cost to attend!
Please call Jim Howard to let him know you will attend
@ 203-234-8773 x 109, or email him at firstname.lastname@example.org,
so that he knows how many pizzas to order!
He will be ordering the pizza at four, so please
make sure you call beforehand!