The Daily Dividend: FMS Education

News, notes and insights from around the industry

OCTOBER 16, 2018
Chapter Happenings
By Mark Loehrke, Editor, Financial Managers Society

The year may be winding down, but FMS chapters have been busier than ever. Even before many shift into the season of traditional holiday gatherings and charity events, there continues to be plenty going on this fall.

September was an especially busy month all across the country, starting with the new Dallas-Fort Worth chapter, which continued to take root in the heart of Texas, as it staged its second official event – a presentation on cybersecurity – for a diverse group of local professionals. Meanwhile back east, the reigning Chapter of the Year in Philadelphia hosted a sweet and successful East Coast Regional Conference in Hershey, Pennsylvania, featuring three big days of networking and educational sessions on stress testing, CECL, liquidity management and much more. And in the Midwest, the Chicago chapter hosted another successful Fall Education Forum with presentations on business ethics, CECL implementation and tax reform – followed by a terrific Happy Hour, of course.

But there’s plenty more to come in the weeks and months ahead. The New York/New Jersey chapter has a busy schedule, with a dinner meeting in Hackensack on October 24, a networking and new member social in Wayne on November 15 and a half-day seminar in Asbury Park on November 27. Elsewhere, the Wisconsin chapter is hosting its Fall Education Seminar in Milwaukee on November 14.     

So get out this fall to discover what FMS chapters are all about, and be sure to keep an eye on the education calendar as additional chapter events come online!

OCTOBER 11, 2018
FMS Webinar: Using Spreadsheets to Implement CECL
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

As financial institutions across the U.S. grapple with the reality of implementing CECL, one thing is becoming clear – spreadsheets will be a key element of implementation for many. Because of their power, flexibility and ease of use, spreadsheets remain a valuable tool for many institutions – but when it comes to CECL, the challenge is making sure they’re reliable and compliant.

If you’re considering your options for implementation, join us for an FMS webinar on Wednesday, October 17, as Jeremy Condie of ClusterSeven navigates the risks of "Using Spreadsheets to Implement CECL". Learn whether spreadsheets are a good fit for your CECL plans, and how to best to address the risks of using them as part of your implementation strategy.

As always, this webinar is complimentary for FMS members. (Not a member? Join today!)

OCTOBER 1, 2018
FMStv: Fee-Based Checking Accounts
By Mark Loehrke, Editor, Financial Managers Society

FMStv: FASB Standard Defines PBEAhhh, the pleasures of fall. Peeping leaves. Picking apples. And, of course, watching TV. But the networks aren’t the only ones rolling out new programming to coincide with the return of cool weather. Now premiering on FMStv, the team at IZALE Financial Group is discussing The Case to Convert to Fee-Based Checking Accounts.

In this new video, Scott Richardson and his team explain why banks and credit unions struggling to maintain market share amid a host of new competitors may want to consider updating their free checking products to a fee-based model. While this strategy may sound counterintuitive, research has shown that customers are willing to pay for value-added services like identity theft protection and credit score monitoring – by adding these types of benefits to their checking accounts for a small fee, an institution will not only be satisfying a growing need of its customers, but picking up some much-needed revenue in the process.

Learn more about the potential of fee-based checking accounts. Grab your popcorn and settle in for this new episode of FMStv today!

SEPTEMBER 27, 2018
FMS Webinar: Managing Rising Rates
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLThe summer of 2008 was the last time the Fed Funds rate sat at 2.00%, and needless to say a lot has changed in the ensuing ten years. Yet while ALM should be at the forefront of strategic discussions in institutions today, many banks and credit unions simply don’t have the time or the expertise to make it the priority it needs to be.

On Wednesday, October 10, Mark Haberland of Darling Consulting Group will present “Managing Rising Rates: Dictating Your Strategy”, a webinar that address many key issues in today’s rising rate environment. From what to expect from the Fed to how to prepare based on past rate cycles, this session will have you well-informed and ready for what’s next.

As always, this webinar is complimentary for members. (Not a member? Join today!)


SEPTEMBER 12, 2018
FMS Webinar: Relationship Profitability
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

FMS Webinar: Strategic Implications of CECLCan you identify your most profitable customer relationships?

On average, only 20% of relationships are creating economic profit, and only 1% of those create most of that value, yet many institutions cannot accurately rank their relationships based on profitability. A recent survey FMS conducted with Kaufman Hall showed that 91% of institutions thought they should be doing more to leverage profitability in their decision-making process. 

Join us on Wednesday, September 26, for Relationship Profitability: The Holy Grail, as Ken Levey and Roy Berelowitz of Kaufman Hall examine better ways to manage and analyze customer relationships, offering practical strategies for measuring progress towards strategic goals, how to price new business and much more.

As always, this webinar is complimentary for members. (Not a member? Join today!)


AUGUST 30, 2018
Boston Bound
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

If you’re planning to join us in Boston for The 2019 FMS Forum, we have some great news. Put this holiday weekend to good use and take advantage of our special rate, available when you register from now until September 3.

A lower rate doesn’t mean any less in the way of education, of course – the 2019 Forum promises to once again be a font of timely information and insight, featuring content chosen exclusively by and for finance and accounting professionals from banks, thrifts and credit unions. 

So be sure to get your great rate and get ready for three days of dynamic educational solutions, key industry solution providers and community-driven networking events in Boston in June. Register now and we’ll see you there!

AUGUST 29, 2018
FMS Webinar: Liquidity Risk Management
By Mark Loehrke, Editor, Financial Managers Society

FMS Webinar: Strategic Implications of CECL

As loan portfolios continue to grow and the competition for deposits continues to heat up, many institutions are beginning to feel the strain on liquidity. 

The timing, then, could hardly be better for our latest FMS webinar Liquidity Risk Management: Measuring and Managing Liquidity Risk on Tuesday, September 11. Join Chris Mills from MountainView Financial Solutions for a look at current industry challenges, keys to developing an effective liquidity risk framework, the earnings advantages of understanding short- and long-term liquidity and much more.     

As always, this session is complementary for FMS members. (Not a member? Join today!)



Mark Loehrke
Editor and Director, Publications and Research

Danielle Holland

Hilary Collins
Specialist, Publications and Research