Agenda

​Thursday, June 6, 2019

Sponsored by CU Solutions Group

    • Closed  Closed
    • Optional  Optional
    • Fee  Fee
    •  
    •  
      8:00 am  -  9:00 am
      Registration and Information
      Renaissance Foyer, Level 4
       Optional  Closed 
      9:00 am  -  10:15 am
      Digital Kidnapping: Protecting a Credit Union from Ransomware and CryptoLocker
      LaSalle, Level 5
      Always highly profitable, but generally opportunistic in reaching its individual victims, digital hostage-taking, especially of the cryptographic variety, is now rapidly developing into a favorite technique of the more strategic, enterprise-focused attacker. Companies can have a business back, but for a fee in this new cybercrime reality. The dangers of cyberspace have gone from thievery, to punitive behavior and serious damage, to enterprises. For a variety of end goals, be it hacktivism, nation-state revenge or financial gain, the methodology is simple. Quite often the first some will hear of an attack is when they receive the message: “We have encrypted your systems. Pay us x amount, and we will give you the key.” Join this discussion of the scope of this current threat, as well as the best available concepts in prevention and recovery. The dangers of secondary infections and the latest on the monetization schemes plaguing organizations today will be covered, with a case study of a ransomware attack.
      Speakers:
       Optional  Closed 
      9:15 am  -  11:15 am
      AC&E Center Stage! Opener, Special Guests & Keynote
      Ambassador Ballroom, Level 3

      Opener and Special Guests 

      •Patty Corkery, EVP/COO, MCUL & Affiliates

      •Karen Church, Chair, MCUL & Affiliates

      Keynote | A Complaint Free World:
      How to Stop Complaining and Start Enjoying the Life You Always Wanted

      •Will Bowen, Author

      Sponsored by Excess Share Insurance

       Optional  Closed 
      10:15 am  -  10:30 am
      Morning Break
       Optional  Closed 
      10:30 am  -  11:30 am
      Cannabis and Hemp Banking: Legal, Compliance and Policy Considerations for all Credit Unions
      LaSalle, Level 5
      As 2019 began, 33 states had legalized cannabis for adult recreational or medicinal use. At the federal level, the 2018 Farm Bill de-scheduled the growing of hemp. However, for both cannabis and hemp, conflicts with federal law and regulation continue to pose serious problems for credit unions interested in serving state licensed cannabis, or hemp, businesses. This survey of the current state of cannabis and hemp legalization will discuss the myriad of legal and policy issues related to banking those industries. Even credit unions with no interest in serving the industries has complex policy considerations they must understand.
      Speakers:
       Optional  Closed 
       

      Thursday Lunch

      11:30 am  -  1:00 pm
      Bridge to Conversation Networking Lunch  (MACKBR1)
      Mackinac Ballroom, Level 5
      (Ticketed; $46.00 per person) This alternative to attending the Economic Issues Lunch provides a convenient way to enjoy a meal, while engaging in light conversation and networking time with other conference goers. This lunch option is also ideal for guest attendees.
      Fee  Optional  Closed 
      11:30 am  -  1:00 pm
      Economic Issues Lunch  (ONT1)
      Ontario, Level 3
      (Ticketed; $46.00 per person) On the Economic, Political and Business Climate The expansion that followed the “great recession” is approaching it 10th birthday. While the first five years were fixated with reaching "normalcy," the focus has shifted to concern over whether the maturing of the expansion has set the stage for a recession. This timely overview will offer a look at national, regional and Michigan economies. Special emphasis will be placed on evidence of resurgence in the manufacturing sector, the outlook for consumer spending and the retail sector, the role of currency valuation on the balance of trade, the ongoing normalization of interest rates and monetary policy, performance of real estate markets and the implications of ongoing changes in the political and regulatory climate for the financial services industry.
      Fee  Optional  Closed 
      11:30 am  -  1:00 pm
      Thursday Lunch: NOT ATTENDING
      Select this option if you do NOT plan to attend a Thursday lunch.
       Optional  Closed 
       
      1:00 pm  -  2:15 pm
      Putting the 'G' in GRC
      LaSalle, Level 5
      Does Governance take a backseat to Risk and Compliance efforts? Is risk managed holistically within the organization, or are there numerous risk “silos”? Explore best practices around board governance and management control structures. Learn what tools are available to help credit unions reliably achieve objectives, address uncertainty and act with integrity.
      Speakers:
       Optional  Closed 
      2:15 pm  -  3:00 pm
      Mortgage Lending Regulatory Update
      LaSalle, Level 5
      Take this time to look back on the most significant regulatory developments in mortgage lending for 2018 (areas that many credit unions are still diligently trying to implement) and discuss what is in store for 2019, including: • HMDA’s partial exemptions for low-volume filers; • Revised procedures for the collection of government monitoring information; • Regulatory relief provisions available under S.2155; • Upcoming changes to NCUA Part 722 – Appraisals; and • A joint agency final rule regarding private flood insurance.
       Optional  Closed 
      3:00 pm  -  3:10 pm
      Afternoon Break
       Optional  Closed 
      3:10 pm  -  4:30 pm
      CECL Update: Are Credit Unions Ready? AND What Compliance Products/Services are Available?
      LaSalle, Level 5

      CECL Update: Are Credit Unions Ready?
      It has been all about CECL since the initial FASB exposure draft was issued in late 2012. While credit union accounting professionals and practitioners have become well versed in the requirements of CECL, implementation progress and practical experience has been limited for many in the industry. This session will provide an update on CECL accounting and regulatory implementation guidance and the state of CECL implementation in the credit union industry. Also, an overall perspective and examples of the financial implications of CECL for credit unions will be discussed.

      What Compliance Products/Services are Available?
      For those who are new to compliance and regulations or new to a credit union, or even those who have been in the industry for a long time, it is important to know they are not alone. Gain an understanding of the resources MCUL offers to member credit unions! This overview is a great way to become familiar with all of the great resources available -- from model policies, to compliance management -- and everything in between.

       Optional  Closed 
      3:10 pm  -  4:10 pm
      General Exposition Viewing (Optional)
      Renaissance Ballroom, Level 4
       Optional  Closed 
      4:30 pm  -  5:30 pm
      Membership Meeting and Leadership Summit (Optional)
      Mackinac Ballroom, Level 5
       Optional  Closed 
      6:00 pm  -  8:30 pm
      CU Solutions Group Welcome Reception (Optional)
      GM World, Renaissance Center, Ground Floor
      Sponsored in Partnership with CUNA Mutual Group and Sprint
       Optional  Closed 
    Top