North Central Chapter Meeting, December 9

Chapter: North Central Chapter of Credit Unions         

Date:   Monday, December 9, 2019 

Time:  Networking 11:30am, 12:00 – 2:00pm Lunch and Presentations       

Cost:   $35.00

Speakers:

Patrick Conway, President & CEO – PA Credit Union Association

David Frankil, President & CEO – NJ Credit Union League

Andrew Okolski, Director of Credit Union Municipality Strategies, The Baker Group

Topic Description:    

The Future of the Credit Union Chapters and the Importance of Liquidity Management 

Come join the North Central Chapter of Credit Unions for their final NJ Chapter Meeting prior to the new CrossState Credit Union Association on January 1, 2020.    An open forum of questions and answers for both Patrick Conway and David Frankil regarding what they have in store for the chapter system come 2020.

Also, you will hear Andrew Okolski talk about how past year saw the credit union industry reach double digit loan growth while deposit growth lagged at roughly 5%. While these numbers tell a story of positive growth, many credit unions around the country were well below those averages, particularly on the deposit side. This mismatch has led to increased pressure on liquidity and examiners have taken notice. The current exam cycle has shown the examiners increased focus and attention on the topic. In addition to the regulatory pressures many credit unions are now also facing increased pressure to raise rates in an effort to maintain current deposits. This session will discuss many balance sheet and regulatory factors impacting liquidity including:

  • Identifying all liquidity sources
  • Cash flow forecasting
  • Regulatory concerns surrounding liquidity
  • Maximizing balance sheet performance utilizing various sources of liquidity

Location:

Luciano’s Italian Restaurant (Venetian Room – Monroe Street Entrance)

1579 Main Street

Rahway, NJ  07065

(Luciano’s parking is available on Monroe Street over bridge across from restaurant.)        

Registration Deadline:  Friday, December 6, 2019

Registration Contact Information:

Kelly Weiss, Treasurer

Community Financial Services FCU

149 St. George Avenue

Roselle, NJ  07203

908-245-1650

kelly.weiss@cfsfcu.com