2021 NCUMA SPRING CONFERENCE SESSIONS
Sunday, May 30
Session I: "The Opportunistic Attacker-How Threat Actors Are Using COVID-19 Hacks and Scams Against Your CU" by Steve Stasiukonis
Hacker and Threat Actors leverage Societal Vulnerabilities and Current Events to target victims. The pandemic has enabled these individuals with an arsenal of tactics that are leading to billions in losses.
Session II: "Hacking & Attacking the Remote CU Worker. How to secure Your CU When Working Out of Office" by Steve Stasiukonis
Working remote has always had security challenges, the challenges of a pandemic forcing your entire workforce to work from home has created a variety of security issues. Threat actors across the globe are trying to defeat the security of consumer-based network connections for possibly gaining access back to the workplace. This presentation explains the ways hackers leverage a variety of techniques to defeat the remote worker and defeat security controls. The program will also explain ways to harden your security posture to defeat the ongoing threat.
Monday, May 31
Session I: “Business Continuity in a Post-Pandemic World” by Tim Neiman & Mike Robins
In the wake of COVID-19, credit unions must take seriously the need for a practical, nimble business continuity plan. Most “disaster recovery” documents overcomplicate the primary objective, which is to return your team to work as quickly as possible. This session will describe the critical components of a business continuity plan, highlight appropriate security needs and detail how Work From Home (WFH) solutions keep your team safe and productive. The conversation will be relevant to all business interruptions, whether they be natural disaster, cyberthreat or pandemic.
“Economic Session I” by Roger Tutterow
Seven years ago, we cleared important hurdles that were important steps back toward "normal”. However, as the economic expansion moved through its 11th year, it was derailed by a global pandemic that seen in a generation. In this session, Dr. Roger Tutterow provides a timely overview of global, national and regional economies including recent developments in the effect of COVID-19 on the retail sector and real estate, the causes and effects of the recent changes in energy prices, the structure and effect of recent fiscal stimulus and the linkages between trade policy and currency valuation. The implications for employment and activity in the national and regional economies are also considered.
“Economic Session II” by Roger Tutterow
Special emphasis is upon changes in Federal Reserve policy operations over the past decade, recent volatility in the short-term funding market, the return to the zero-rate policy, the inflation outlook and implications for fixed income performance, the informational content of changes in yields curves and credit spreads and the ongoing impact of changes in the political and regulatory climate on the financial institution performance.
Tuesday, June 1
Session I: "The Three-Legged Stool of CU Strategic Planning” by Peter Duffy
The top performing CUs and banks will have excelled in three specific ways over the next 5 years.
What are they and why? What are the 5 high level strategic choices of every CU and what are the specific pros, cons and risks of your CU’s strategic choices? Ideas on how to objectively evaluate strategic choices will be shared. What resources should be utilized to evaluate strategic choices? There exists important “Do’s and Don’ts” we will discuss from actual experiences in successful and failed efforts. This will be a robust discussion. Also included will be thoughts regarding the appropriate role of the board and c-suite in determining how the strategic choices fit into the overall strategy of the CU.
Session II: "Digging Deeper Into the Most Important Trends Influencing Competitiveness, Earnings and Capital” by Peter Duffy Bank DNA has been rewired by recent regulation, what does this mean in “Every town USA”?
What does the supply and demand equation in American lending look like and how does it influence consumer behavior and FI success? What have been the key regulatory trends impacting the CU and bank business model and what can we expect going forward? The NCUA’s proposed risk-based capital rule has the potential to be an inflection point for CUs, why and how? Consumer behavior is changing the way FIs go to market and the costs are material, how do we keep up and preserve member value? The pandemic has affected all FIs but not equally- what role will the pandemic play in competitiveness and merger? “Shovel-ready” ideas will be shared to boost ROA and capital.
Wednesday, June 2
Session I: Check back soon for more information.
Session II: Check back soon for more information.