Accounting and Regulatory Workshop & 5300 Call Report Basics

Accounting and Regulatory Workshop & 5300 Call Report Basics

September 6-8, 2017 | Chicago, IL


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When you attend both our one-day Accounting and Regulatory Update as well as 5300 Call Report Basics, you not only get an opportunity to maximize your CPE, but you can also save over $200 with our package pricing. Offering over 20 hours of continuing education, these two programs offer insights into the current regulatory burdens and accounting standard updates important to community banks and thrifts today, paired with two days of comprehensive call report review. View the complete agenda below.
Agenda

Accounting & Regulatory Update One-day Workshop - Credit Unions
Wednesday, September 6, 2017

8:00 AM – 9:00 AM
Registration and Buffet Breakfast

9:00 AM – 10:30 AM 
Balance Sheet Strategies
Chris Milne, Managing Director, Institutional Sales, Federal Home Loan Bank of Chicago

The Federal Home Loan Bank of Chicago will kick-off the day using historical information and case studies to explore balance sheet trends and strategies and take an in-depth look at current and potential capital markets, as well as economic, accounting, and regulatory scenarios. Participants will leave this session with deeper insights into balance sheet management strategies for specific assets classes that will lead to more profitable use of capital through sound asset/liability management, funding, hedging and secondary markets.

10:30 AM – 10:45 AM
Break

10:45 AM – 12:00 PM
Credit Union Fraud Strategies
H. Bryan Callahan, CPA, CFF, CFE, CVA, Director, Forensics & Valuation Services, BKD, LLP

According to a 2016 report to the Nation on Occupation Fraud and Abuse by the Association of Certified Fraud examiners, it is estimated the average organization loses 5% of its annual revenue to fraud. Is your credit union one of them? In this session we’ll provide the latest updates on current fraud trends and discuss robust strategies for using technology to mitigate your credit union’s internal fraud risk.

12:00 PM – 1:15 PM
Lunch

1:15 PM – 2:30 PM
Accounting & Regulatory Trends
Chad M. Garber, CPA, Director, and Robert M. Swartz, CPA, Partner, BKD, LLP

This session will go in-depth into the new and proposed accounting and regulatory issues affecting credit unions today. Using a roundtable discussion format, we’ll also discuss accounting and auditing topics with the hope to share best practices and help mitigate reporting mistakes. 

2:30 PM – 2:45 PM
Break

2:45 PM – 4:00 PM
Cybersecurity for Credit Unions
Jan S. Hertzberg, CIPP, CISA, Director, IT Risk Services, BKD, LLP

In today’s increasingly connected world, credit unions face a number of cybersecurity risks. Network hacking, ransomware attacks, and cyber-espionage could occur at any time and expose your institution’s vital information. This presentation will explore how credit unions can address these threats by creating a strong cybersecurity program. We will cover useful security frameworks and the key industry best practices to follow to stay ahead of this increasing risk. We will also cover the new Cybersecurity examination process that incorporates more than just the IT function of the organization.

5300 Call Report Basics
September 7-8, 2017

In the FMS seminar, 5300 Call Report Basics, attendees will receive a complete analysis of all required forms and option schedules. This two-day seminar is a must for credit union employees looking to put their regulatory reporting in peak performance.

Day One
8:00 AM
Registration and Buffet Breakfast

8:30 AM to 4:30 PM 
Overview of the National Credit Union Administration (NCUA) and the National Credit Union Share Insurance Fund (NCUSIF)

Overview of the NCUA 5300 Call Report
• Why is it important?
• What is it used for? (Importance of YTD figures)
• What is the NCUA looking for?
• Sections and schedules of the NCUA 5300 Call Report
• Using the instructions
• Errors and historical earnings

“Prepping” for the Call Report
• Collecting the information
• Segregation of duties
• Using the workbook and the working copy
• Building spreadsheets
• Keeping backup

Completing the Call Report
• Statement of financial condition as of quarter-end
• Income and expenses
• Miscellaneous information
• Delinquent loans
• Expanded delinquency
• Loan charge offs and recoveries
• Expanded Loan Loss Section
• Liquidity, commitments and sources

Day Two
8:00 AM
Buffet Breakfast

8:30 AM to 3:00 PM 
Schedules A through E
• Schedule A, Specialized Lending (All six sections will be covered)
• Real Estate Expanded Section
• Risk Based Net Worth Box
• Member and Non-member Business Loans
• Troubled Debt Restructured Loans (TDRs)
• Schedule B (Expanded), Investments and Supplemental Information
• Schedule C, Credit Union Service Organizations (CUSO) Information
• Schedule D, Derivative Transactions
• Schedule E, BSA/Anti-Money Laundering Information

Prompt Corrective Action (PCA)

Risk-based Net Worth Calculation Worksheet
• What is PCA?
• What is Risk-based Net Worth (RBNW) and what is it used for?
• How is RBNW calculated?
• Planning for the future

Reading and Understanding the NCUA’s Financial Performance Report

Recent Changes


Presenters

H. Bryan Callahan, CPA, CFF, CFE, CVA, Director, Forensics & Valuation Services, BKD, LLP
Bryan is a member of BKD’s Forensics & Valuation Services (FVS) division and specializes in providing litigation consulting, fraud investigation and forensic accounting services. He has extensive experience in litigation support and forensic services, including calculations of breach of contract damages, lost business value, intellectual property claims, securities litigation, shareholder disputes, post-acquisition disputes, misappropriation of assets and fraudulent financial reporting. 

Chad M. Garber, CPA, Director, BKD, LLP
A member of BKD National Financial Services Group, Chad has more than 12 years of audit and attestation experience. He focuses on providing audit and advisory solutions to financial institutions and has worked with public and closely held financial institutions of wide-ranging size throughout his career. Chad has experience analyzing loan-loss reserves and assisting with mergers and acquisitions, U.S. Securities and Exchange Commission reporting requirements and integrated audits.

Jan S. Hertzberg, CIPP, CISA, Director, IT Risk Services, BKD, LLP
Jan has more than 30 years of experience providing IT audit, risk, cybersecurity and privacy compliance services. This includes extensive experience in identifying and managing IT internal control risks and recommending solutions that apply cybersecurity and privacy frameworks (including COBIT, NIST, GAPP, ISO and AICPA Trust Principles) to implement leading practices and help clients meet compliance requirements.

Kevin Durrance, Chief Executive Officer, Texans Credit Union (presenter for 5300 Call Report Basics)
Kevin Durrance is currently the Chief Executive Officer for the $1.5 billion Texans Credit Union. Prior to that, he was the Executive Vice President and Chief Financial Officer for the $875 million Georgia Federal Credit Union in Atlanta, Georgia. Kevin joined the credit union movement in 1993 and has over 30 years of experience in all major areas of commercial banks, savings banks, and credit unions. Kevin holds an MBA in Finance, an LL.M, and several other degrees from the American Institute of Banking. Additionally, Kevin is a former instructor and executive committee member for the American Institute of Banking. He is experienced in teachingaccounting personnel, CFOs, Senior Management, CEOs, and Credit Union Boards.

Chris Milne, Managing Director, Institutional Sales, Federal Home Loan Bank of Chicago

Robert M. Swartz, CPA, Partner, BKD, LLP
Bob is a member of BKD National Financial Services Group and provides a full range of assurance and consulting services to banks, thrifts and credit unions. He also provides audit and consulting services to employee benefit plans. Bob has more than 10 years of experience serving these entities. His experience includes external audit, internal audit, strategic modeling, mergers and acquisitions and capital planning. He also has experience in U.S. Securities and Exchange Commission reporting.

 


Location and Accommodations

LondonHouse Chicago
85 East Wacker Drive
Chicago, IL 60601

Special FMS Room Rate: $199 Single/Double
Deadline for Room Rate: August 15, 2017

Reserve Accommodations

 


CPE Information

Earn over to 20 hours of CPE credit.
  • Level: Basic to Intermediate
  • Prerequisites: None
  • Advance preparation: None
  • Field of Study: Finance
  • Instructional Method: Live-Group

For more information regarding administrative policies such as concerns or refunds, call 800-ASK-4FMS (800-275-4367). FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.


Refunds and Cancellations

A refund minus a $250 processing fee will be provided for cancellations received by FMS in writing four weeks prior to the program start date. No refunds will be given for cancellations received after that date. A substitution from your institution is welcome at any time. FMS reserves the right to change instructors or reschedule/cancel sessions when necessary. FMS is not responsible for airfare penalties incurred due to the cancellation of the program. For more information regarding refunds, concerns, and/or program cancellation policies, please contact our offices at (312) 578-1300.

Registration Fee
Members and Non-members sign in or create an account below to register

Accounting and Regulatory Workshop for Credit Unions (8 hours CPE)
September 6, 2017
FMS Members: $495
Staff/Co-Worker $495
Non-members: $695

5300 Call Report Basics (14 hours CPE)
September 7-8, 2017
FMS Members: $1,195
Staff/Co-Worker $1,195
Non-members: $1,795


Maximize Your CPE By Attending Both Programs!
Accounting and Regulatory Workshop & 5300 Call Report Basics (22 hours CPE)

September 6-8, 2017
FMS Members: $1,495
Staff/Co-Worker $1,495
Non-members: $2,095

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Download the Printable Registration Form
When
9/6/2017 - 9/8/2017
Where
LondonHouse Chicago
85 East Wacker Drive,
Chicago, IL 60601 United States

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