Credit union volunteers need to stay abreast of the concerns and priorities of their regulators.  In this session Regulators will provide attendees with the federal perspectives on regulatory hot buttons and NASCUS President & CEO Brian Knight will present the state perspective.. The session will be facilitated by Carol Marx, President and CEO of the Hawaii Credit Union League.

Diversity in size and type of institutions is crucial to a healthy credit union movement. Just like an investment portfolio, more eggs in our credit union basket makes us more agile and more capable to serve different types of communities and people across the country. During this session you’ll learn the value small credit unions provide the credit union movement, how needed they are by their members and communities, and how larger credit unions are supporting them to ensure we retain that all-important diversity in the credit union system.  

The US economy looked poised for a recession in 2023. Inflation remained high, despite some easing, and the labor market continued to be exceptionally tight, threatening a prolonged period of high interest rates. Manufacturing and housing had turned downward. Where do things stand at the start of 2024, and what can we expect? This session will review recent economic developments and will consider prospects for the next several years.

From a simple Google search to Amazon recommendations to Netflix browsing to Uber rides - AI is already embedded in our lives and shaping our experiences.
However, AI in lending is still far from becoming mainstream. Credit experience and availability for members did not significantly improve despite advances in technology and data availability.

This is where AI offers exciting opportunities. Providing members with the right credit products, approving more members, and providing guidance as they move through their financial lives - from buying cars to saving and investing - lines up perfectly with any CU's mission.

These AI-enabled opportunities will help credit unions enhance member lives, build stronger relationships with their members and capture a greater share of wallet for their financial products.

Highly seasoned risk leaders will share their personal stories on how they are using AI to reduce friction, eliminate costs, and mitigate lending risks. More importantly, they will share recipes on preparing for growth.

The US dollar has been the dominant global reserve currency since the end of World War II. This status has conferred some benefits on the US economy, while also facilitating post-War recovery and the dramatic expansion of global trade and investment during its nearly eighty-year reign. In recent years there have been questions about how much longer the dollar might remain Currency King, or whether other currencies might displace its global role.

NCUA rule 701.4 and October 2017 Examiner Guidance describes the duties of BODs. One of the duties is oversight of executive compensation. In this session, Dave will provide an overview of various compensative/retention benefits that are commonly used in credit unions today. 

Included in the session will be specific steps regulators expect from Boards, a study of best practices associated with choosing a plan design, the benefit amount and timing, and how to best implement and manage the preferred plans.  We will also note real-life examples of some of the remediation experiences we have encountered when asked to review plans.

AI models hold great promise for identifying and enabling traditionally underserved groups. Through them, we can minimize subjectivity and bias, generate more consistent outcomes, increase efficiency, and make better decisions. Algorithmic and AI-based systems, when properly conceived and managed, can expand opportunities.

This discussion will attempt to address the questions around the usage of AI to enable fair lending, elucidate how explainable AI supplemented by the right safeguards will serve to supplement compliance guidelines around AI in lending, and get insights from the impactful stories of practicing lenders who have implemented AI in their lending processes.