What ideas do you have for your credit union? Do you want to know how others face similar challenges? Are you simply wanting to connect with your colleagues?
Join us for the Small CU Collaborate meeting, held virtually, on Wednesday, April 6th, from 10 a.m. to noon. All managers and CEOs in New Jersey and Pennsylvania of credit unions less than $50 million in assets are invited to partake in this exclusive, free event.
CrossState President & CEO Patrick Conway will open the meeting and share a welcome message. VP, Government Relations, Chris Abeel will provide an Advocacy update and Member Engagement, Cindy Russell, will provide a CrossState update, followed by an open discussion.
We will wrap up the session when Bill Paton, Vice President, Loan Participations, Lending & Subordinated Debt, Alloya Corporate FCU, will present, Keeping Compliant: Loan Participations & Due Diligence. During this dynamic conversation, we will discuss the due diligence process of loan participations, leaning on the latest guidance from NCUA. You’ll walk away with actionable tips and best practices to ensure your credit union’s loan participation program is safe, sound, and compliant.
Your participation and thoughts are welcomed and encouraged.
Please note this session will not be recorded to provide for open dialogue and discussion. If you are unable to attend, we recommend having a colleague or co-worker take notes on your behalf.
10:00 AM: Welcome
- Patrick Conway, President/CEO, CrossState
10:10 AM: CrossState Update
- Cindy Russell, Director, Member Engagement CrossState
10:15 AM: Update from CrossState Advocacy
- Chris Abeel, VP, Government Relations
10:30 AM: Open Discussion
- Who is your most valuable partner and product/service they provide? • Potential income opportunities; what strategies are working well?
- What No/Low-Cost Marketing Solution successes have you had? • What strategies are working to increase your loan volume?
- What is your staffing strategy? What factors do you consider?
- What initiatives are on the horizon for your credit union in 2022?
- What are you doing well because of changes you have made due to the COVID environment?
- Knowing what you know now, is there anything you would have done differently in 2021?
- Have you and your Board considered a succession plan for your key staff?
- Share with the group your cybersecurity challenges and successes.
- Are you using a vendor for strategic planning or completing in-house?
11:30 AM: Keeping Compliant: Loan Participations & Due Diligence presented by Bill Paton, Alloya Corporate Federal Credit Union
Noon: Wrap-up
Sponsored By:
A huge thank you to our sponsors Alloya Corporate FCU and Vizo Financial.
Alloya Corporate FCU Vice President, Loans Participations, Lending & Subordinated Debt, Bill Paton joins us for his keynote presentation “Keeping Compliant: Loan Participations and Due Diligence.
The due diligence phase is of utmost importance to the health of any loan participation transaction. Just recently, NCUA released guidance related to loan participations, specifically pertaining to the compliance of credit union programs.
Bill is responsible for the overall performance of Alloya Corporate’s loan portfolio and related liquidity products. He oversees the sales and distribution of Alloya’s debt capital markets programs and has a keen focus on member service as well as the present and future health of the corporate’s balance sheet as related to its loans. Paton received his Bachelor of Arts in economics from Hartwick College in Oneonta, NY
