CUNA Economics & Investments ConferenceAugust 1215, 2012
CUNA Volunteer Network members receive a $100 discount.
CUNA Council members receive a $100 discount.
Please note: Only one discount valid per registration.
Make sense of an unpredictable economy. In a constantly changing economy, its often hard to know if the decisions you make at your credit union are the right ones. Variables in the market that you may not be aware of could end up spoiling your plans for increasing revenue and steer your credit union off course in the upcoming year. Let the leading economic minds of CUNA shed some light on the future of the American economy.
At this conference you will get an extensive, in-depth look at todays national economic landscape and tomorrows economic future from leading CUNA economic experts Bill Hampel and Mike Schenk. These well-respected economists will dive deep into the hard facts and numbers of the U.S. economy and explain what the nitty-gritty details mean, why they are important and how they will impact your credit union in the coming fiscal year.
During this program, you will:
- Learn the key players that shape the U.S. economy
- Obtain practical tools for managing your credit union's finances
- Discover investment strategies that will keep your credit union competitive
- Strengthen your asset-liability management techniques
- Dive deep into the current regulatory issues affecting your credit union
Special discounts are available when you register multiple attendees from your credit union. Bring your CEO, CFO and a board member to this conference and start working on the same page. Simply use code EIC2500 when registering three attendees from your credit union for only $2,500.
The CUNA CFO Council is offering scholarships, up to $2,500, for qualifying credit unions attending the CUNA Economics & Investments Conference. The deadline to apply is July 9, 2012. More information and application resources can be found here.
Plus- take a look at the NEW CUNA Economics & Investments Pre-Conference Workshop, Advancing Your ALM Knowledge, ALM in the Context of Today's Environment. This workshop will help you take the next steps in becoming an asset-liability management expert.
Bring a guest for just $199!
Dont come to the Windy City alone. Sign a friend or family member up for The CUNA Economics & Investments Conference guest program and share the Chicago experience. The guest program includes admission to the Welcome Reception, Monday lunch, breakfast for all three days of the conference, and a special Chicago Architectural Boat Tour. This 90 minute, jaw-dropping excursion takes you through a city that defied all expectations...even the laws of gravity. The tour will depart on 10:00 a.m. on Tuesday, August 14.
CUNA Economics & Investments Conference: August 1215, 2012
THE RITZ-CARLTON CHICAGO
160 E Pearson St
Chicago, IL 60611-2308
Phone: (800) 621-6906
Fax: (312) 266-1194
Room rates: $175 per night for single/double occupancy*
Hotel Reservation Deadline: July 23, 2012
Delta Airlines is pleased to offer special discounted airfare for CUNA. To reserve your tickets at the discounted rate, please visit www.delta.com/booking and enter meeting event code NM7EF. Then complete the booking process. Or, call Delta Meeting Network® Reservations at 800-328-1111, Monday through Friday, 7:30 a.m. - 7:30 p.m. (Central Time), and refer to File Meeting code NM7EF.
Delta discount codes may not be applicable for some heavily discounted fares.
Shuttle and Airport Information
No Hotel Shuttle service provided. Taxi is approx. $60 one way from the O'hare International Airport (18 miles) (subject to change). Go! Airport Express Service to and from the Ritz-Carlton is $31 round-trip (subject to change)
Where Do We Stand Now? An Overview of the Current Economic Climate
Examine the major indicators and statistics for insights to current economic trends.
Impact of the U.S. Economy on Credit Unions
Discover how changing economic conditions are going to influence your credit unions operations.
The NCUAs Perspective on Economic Events
NCUA Chief Economists perspective on the economic outlook, risks and opportunities for credit unions.
Mortgages and the Road to Recovery
Review the state of the mortgage industry and determine a strategic plan for the future.
Hedging and the Use of Derivatives
Credit unions are finding themselves in a quandary. Spreads are tight and it appears that rates will stay this low for a while. Additional income can be generated by holding long-term mortgage loans, enhancing needed capital as deposits grow. On the other hand, what if rates rise rapidly? The risk of holding these mortgages is high.
Hear industry leaders discuss current issues facing credit unions.
Achieving Better Risk Adjusted Returns in a Low Yield Environment
Credit Unions are currently challenged with finding attractive investment yields without taking on significant interest rate risk. This session will review the characteristics of securities with shorter average lives such as adjustable rate mortgages, 10 and 20 year mortgage backed securities, as well as short average life Collateralized Mortgage Obligations.
Understand the financial implications of long-term growth.
Designing the Action Plan
Learn how to make a difference at your credit union with a solutions action plan.
Affiliation with CUNA/League is required for attendance.
Jonathan is a national expert on real estate trends and market conditions across the country. As executive director of research for Hanley Woods Housing Intelligence, he oversees market studies and forecasts on residential housing, multi-family construction, remodeling, economic conditions and consumer demand for over 800 local markets.
Thomas W. Manley, CFA
Since ALM First Financial Advisors, LLC was established in 1995, Thomas has served as a principal of the company. Under his leadership, the company has steadily grown to a client base of more than 150 financial institutions representing more than $170 billion in assets. An industry veteran with more than 20 years of investment experience, Thomas manages the financial advisory teams and provides direction on the firms corporate strategy. During his tenure at ALM First, he has conducted numerous training sessions throughout the credit union industry.
Thomas' prior experience includes serving as assistant vice president for the Credit Union Advisory Group of Kidder Peabody Asset Management, and as portfolio manager for Southwest Corporate FCU, where he was responsible for investments for the corporates term portfolio of more than $2 billion.
Mr. Manleys extensive background includes executing and managing risk-management programs, and implementation of one of the first-ever uses of futures hedging and synthetic structures in the credit union industry. He also served as the investment advisor for more than 25 natural-person and corporate credit unions, as well as the portfolio manager for one of the first mutual funds offered exclusively for credit unions.
Paul is the president of Scenario Economics LLC, an independent economic research and forecasting company specializing in the analysis of ever-changing economic landscape and its potential impact on the business environment. Paul retired in 2008 from Chrysler LLC where he had worked for nearly 25 years, having been promoted through management information systems and corporate financial analysis to the position of corporate economist. Paul worked in Chrysler’s corporate economist’s office for more than 17 years where his responsibilities included tracking the economy and forecasting its impact on North American auto sales. Paul is the current president of the Detroit Association of Business Economists, a member of the National Association of Business Economists, and the Society of Automotive Analysts, and has served as an adjunct faculty member at Oakland University in the School of Business Administration.
David, CFA, CFP, is a principal and senior fixed-income portfolio strategist at Payden & Rygel. He oversees the firm's trading operations and is a key member of the portfolio management team responsible for developing strategies for short and intermediate-term fixed-income portfolios.
Prior to joining Payden & Rygel, Ballantine traded corporate, asset-backed and mortgage securities at The Capital Group and worked in the fixed-income department at Fidelity Investments.
David is a member of the CFA Institute, Investment Counsel Association of America, Inc. and the Financial Planning Association. He is also a member of the Leadership of Southern California and the L.A. Works Organization.
Mike is vice president of economics and statistics for Credit Union National Association. He conducts economic and financial research and provides support for CUNA Governmental Affairs and Public Relations efforts. His analyses regularly appear in publications such as CUNAs Credit Union Magazine and CU360 Newsletter. Mike has over 25 years of experience in the financial services industry. Before joining CUNA in 1992, he was the director of research for Financial Research Corporation, where he conducted economic analyses, competitor evaluations and product-line planning for mutual fund companies.
John D. Worth
John D. Worth is the Chief Economist of the National Credit Union Administration (NCUA). The Office of the Chief Economist is focused on monitoring macro and micro risks and leveraging economic tools and analysis to support policy development. Prior to joining NCUA, Dr. Worth spent nearly a decade at the U.S. Treasury and served as Director of the Office of Microeconomic Analysis between 2003 and 2010 and Acting Deputy Assistant Secretary for Microeconomics during 2008. At Treasury, Dr. Worth’s office oversaw policy development and research on entitlements, health care, private pensions and housing issues. Dr. Worth has also worked as a consultant for Welch Consulting and the RAND Corporation. Dr. Worth holds a Ph.D. in economics from the University of Southern California.
Mary is senior vice president and deputy general counsel for the Credit Union National Association in Washington, DC. Mary currently leads CUNA's Regulatory Advocacy Department, which is comprised of three attorneys in addition to her. In this capacity, she presents credit union interests before the National Credit Union Administration, the Federal Reserve Board, the Federal Trade Commission, and other federal agencies.
Mary is responsible for correspondence with government agencies, including all regulatory comment letters CUNA files. She ensures that credit union regulatory developments are communicated to CUNA members on a timely basis through such publications as CUNA's RegWatch, a biweekly electronic newsletter. She is a frequent speaker at CUNA and league meetings. Mary is chief staff liaison to CUNA's Examination and Supervision Subcommittee and to the CUNA Federal Credit Union Subcommittee; she is also a liaison to the CUNA Governmental Affairs Committee.
Bill is senior vice president of the research and policy analysis department and chief economist for Credit Union National Association. He joined the department as an economist in 1978, was promoted to vice president in 1985, then appointed to senior vice president in 1992. Until 1997, Bill was based at CUNAs Madison offices. Since then he has worked out of CUNAs Washington D.C. offices. He also writes economic analysis columns for several credit union publications.
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