Excellence in Board Governance

Credit union board governance is always evolving. Organizational governance overall is continually being examined by regulators, consultants, lawmakers and the boards themselves to improve the process. This presentation will examine common concerns, offer suggestions and look at case studies s well as:

• Define the role of the board and the CEO
• Look at the Board/CEO Partnership
• Separations of Board and Management policies
• Key responsibility and skill areas
• Meetings
• Interaction with committees
• Board self evaluations

Rick Menton

Rick is the president of Menton Consulting, Inc., Tulsa, Oklahoma. His consulting practice focuses on providing credit unions with project management assistance, executive recruitment, strategic management and planning facilitation, and seminar and workshop presentations. Prior to forming Menton Consulting, Inc., he spent 23 years with the Minnesota and Oklahoma Credit Union Leagues in senior management positions. Additionally, he has worked as a lender, collector, mortgage lender and marketing executive for credit unions and consumer finance companies.

He has served as a trustee and chair of Consumer Credit Counseling of Minnesota. And, he has served as a member of various CUNA and CUNA Mortgage committees and subcommittees.

In 2003 he was recognized by the Mayor of Tulsa as a “Hometown Hero”…as a citizen instrumental in assisting in the acquisition of business events beneficial for the Tulsa economy.

He is a graduate of the University of Minnesota with a B.A. in communications. Also, he is a graduate of the University of Wisconsin’s League Management Institute (CLE). He has attained his Certified Credit Union Executive designation (CCUE) from CUNA.

He has made presentations for credit union associations, leagues, networks and credit unions in 43 states. Additionally, he has made presentations for CUNA, the World Council of Credit Unions, the Combined Auto Council of Credit Unions and other non profit businesses.

Understanding CU Financial

Information in Difficult

Economic Times

To be elected or appointed as an official of your Credit Union is an honor, but it is not an honorary position. With the economic challenges that many credit unions are currently facing, your responsibilities as an official and the need to understand key financial information is more critical then ever.

Understanding financial statements, key financial ratios and trends is essential for officials in performing their monitoring and oversight roles. Learn to translate the numbers into knowledge to better understand the financial performance of the Credit Union and potential risks associated with positive or negative results.

Ron Parker

Ron Parker is a Certified Public Accountant and retired Partner of Clifton Gunderson, LLP (CG). Ron has been involved with Credit Unions for more than 35 years and has been actively engaged in the practice of public accounting for more than 30 years. Having served on the Board of Directors and Supervisory Committees of Credit Unions and working with hundreds of Credit Unions in an audit and consulting capacity, Ron is uniquely familiar with the challenges that Credit Unions face.

Mr. Parker is the Past Chairperson of the American Institute of Certified Public Accountants Credit Union Committee and has served as a member of the AICPA Credit Union Conference Planning Committee. Ron has worked in conjunction with officials at NCUA, the National Association of State Credit Union Supervisors (NASCUS), CUNA, and other state and national Credit Union organizations. He is a former member of the CUNA Accounting Advisory Task Force.

Ron has been a popular speaker at conferences and seminars all over the country. He has spoken at conferences for Credit Union managers, board directors, supervisory committee members, NCUA and state Credit Union examiners, internal auditors and certified public accountants. His courses cover many subjects ranging from Credit Union auditing to fraud risks; and making sense of financial statements to regulatory compliance, and more.

His speaking credits include presentations at the AICPA National Credit Union Conference, NASCUS, NACUSAC, Credit Union Internal Auditors Association (CUIAA), Western States Volunteer Conferences, CUNA conferences and seminars, NCUA examiner training seminars and numerous state league education and training seminars.

Ron has a master’s degree in accounting from the University of Arizona and is a member of the American Institute of Certified Public Accountants and the Arizona Society of Certified Public Accountants

Ron is a licensed certified public accountant in numerous states including Arizona, Alabama, Arkansas, New Mexico, Nevada, Oklahoma and Texas.

The Economy in 2010:

Recovery or Relapse?

Dr. Seifried will recap the events of the most dramatic episode in the US economy since the Great Depression.  His review will focus on the last 12 months when the economy has moved from an initial phase of deeply negative economic growth, to most recently a period of fragile, and modest economic growth.  Is this most recent uptick in activity permanent or transitory?  Is it a technical rebound associated with inventory adjustments or are there real signs of activity that can lead to a sustainable recovery? Will the weak job market continue to haunt the economy and delay recovery? How will the Fed unwind the massive liquidity injections and relieve the inflationary pressure from QE (Quantitative Easing)? Dr Seifried will discuss these issues and more!

Dr. Edmond J. Seifried

Dr. Seifried is Professor Emeritus of Economics and Business at Lafayette College in Easton, Pennsylvania. He also serves as Executive Director of the Sheshunoff CEO Affiliation Programs. In addition, Dr. Seifried is the Chief Economist for m.rae resources Inc, a community bank investment firm. He received his doctorate in economics and business from West Virginia University.

Dr. Seifried serves as the dean of the Virginia and West Virginia Banking Schools and has served on the faculty of numerous banking schools including: Stonier Graduate School of Banking, and the Graduate School of Retail Bank Management.

He frequently appears as a guest speaker at regional and national conferences and has delivered over 2000 presentation to various groups both in the United States and abroad. Dr. Seifried is a consultant to the banking industry, and is well known as a speaker at bank customer events and as a strategic planner. Dr Seifried is the author of the book “The Art of Strategic Planning for Community Banks.” In addition to his academic and consulting experience, Dr. Seifried has also served as a director of a community bank.

Dr. Seifried has traveled extensively in the former Soviet Bloc countries where he served as an advisor and consultant to the newly privatized commercial banks.

Keeping the Vision

by Keeping Key Executives

John Sproule

One of the most expensive mistakes a Board can make is not doing everything the IRS and NCUA makes available to “…Keeping Key Executives”.  That includes retention of effective executives, solving for executive retirement income shortfalls, and succession planning.  What’s a Board to do?  We look forward to your questions.  Now is the time!

John Sproule, CUNA Mutual's Southeast Regional Executive Benefits Specialist, resides in Nashville, TN, and has 30 years of financial services experience in the corporate and tax-exempt Credit Union Movement.  He specializes in providing executive retention, retirement, and recruiting  design, consultation, and financing solutions.  John's expertise is 100% supported by CUNA Mutual Group's dedicated Executive Deferred Compensation Division currently providing solutions and on-going administration to 1,400 credit unions nationally, including over 3,800 executives.

1556 Old Knoxville Hwy
Sevierville, TN 37876
(865) 429-4223

www.seviervilletn.org

Thursday night dinner and entertainment

Friday morning breakfast and afternoon lunch

Saturday morning breakfast