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Professional Development Seminar, June 28, 1:00 – 5:30 P.M.
Inside the Engine of Asset Liability Management (ALM)
Rick Jones, Senior Education Consultant, ProfitStars
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Join ProfitStars' Senior Education Consultant, Rick Jones, for this Professional Development Seminar, beginning with the fundamental building blocks of Asset Liability Management (ALM) and proceeding to the analysis required by NCUA. The workshop will provide essential ALM concepts for CEOs, CFOs, accounting staff and volunteers (NCUA, in its proposed rules, mandates that directors receive fundamental education on basic accounting concepts). Mr. Jones has led classes for FDIC, the Federal Reserve, NCUA and other regulators. He will address the following in detail:
Interest rate risk
The principles of time value of money
Measuring and defining risk to earnings
Measuring and defining risk to capital (net economic value)
The impact of ALM on your credit union
The seminar will be a hands-on workshop. In addition to the afore-mentioned discussion points, Mr. Jones will lead the group in a tutorial exercise. Session slides will be provided to attendees.
ProfitStars, a division of Jack Henry & Associates, provides best-of-breed solutions that improve the performance of financial institutions of all asset sizes and charters, and diverse corporate entities. These solutions facilitate revenue and growth, risk mitigation and control, and cost control; and complement virtually any core information processing platforms.
Members, $140, Non-Members $190 Dinner is not included. Cancellations made after noon on June 25 will be non-refundable.
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Upcoming Events
July 26
Luncheon in Virginia
Speaker TBA
August
No Monthly Meeting
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Beginning with the June 28 Membership Meeting, MACUMA will hold a 50/50 drawing at the end of each monthly meeting. Proceeds will benefit Credit Union Miracle Day, Inc.
Tickets may be purchased at 1 for $2, 3 for $5. Bring cash and support CU Miracle Day!
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September 2010
Annual Leadership Conference
Online Registration Now Available for Credit Unions
National Speakers - Current Topics - Low Travel Expenses
Speakers include: Ron Nice, Deedee Myers, Chip Filson, Anthony Demangone, Tom Glatt and a Lending Roundtable led by representatives from Apple FCU, Congressional FCU and SECU Maryland. Former CEO of Congressional FCU, Bob Hess will moderate the Directors’ Round Table.
Plan now to attend
MACUMA’s 2010
Annual Leadership Conference at
Loew’s Hotel in Annapolis, MD, September 15 – 17.
For information, contact
Connie Hackney,
connie@macuma.org.
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Did you know?
MACUMA is a proud sponsor of the
Annual Credit Union Cherry Blossom Ten Mile Run.
MACUMA donated in 2009 to Susan G. Komen for the Cure and CU Miracle Day!
MACUMA is a Benefactor of
The Credit Union Foundation of MD & DC!
Training Support
Maryland and D.C.-based credit unions may be eligible for training cost reimbursements through the CU Foundation of MD & DC’s Staff Training Grants. For eligibility guidelines, details and an application form, visit: www.cufound.org/training.htm.
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