NASCUS Directors College Series Makes a Stop in Utah
April 22, 2010 The eighth NASCUS Directors College was held April 16 at America First Credit Union in Sandy, Utah. Fifty board members from across Utah attended this interactive program to hear first-hand about the regulatory expectations of directors as well as the critical compliance issues facing credit unions.
Former NCUA Chairman Dennis Dollar kicked off the event with a session on corporate governance for credit union directors. During his presentation, Dollar emphasized the key areas that boards must not delegate to management.
Next, Orla Beth Peck, Credit Union Supervisor for the Utah Department of Financial Institutions, and Rob Wilkinson, Supervisory Examiner at NCUA, detailed the regulatory expectations of directors and the issues that "keep regulators up at night." Peck and Wilkinson focused on concentration risk, interest rate risk and the impact of declining housing values across the country. Peck wrapped up her presentation with a session on critical Bank Secrecy Act issues.
Heather Line, Compliance Guru at the Utah Credit Union League, closed the day with a look at the critical compliance issues all directors must understand in today's complex financial landscape. Line focused on many issues, including the Credit Card Act Phases I and 2, RESPA, overdraft protection, the SAFE Act and more.
NASCUS thanks America First Credit Union, the Utah Credit Union League and the Utah Department of Financial Institutions for their help in putting together this successful event.
Upcoming NASCUS Directors Colleges are scheduled for June 25 in Madison, WI and September 29 in San Antonio, TX. Contact Jenny Champagne at firstname.lastname@example.org for more information on these events.