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Credit Union Seminar

RiverCrest Golf Club and Preserve
100 Rivercrest Drive
Phoenixville, PA 19460

Wednesday, November 2, 2022 
8 a.m. - 3:45 p.m.

Fee to attend: $150

Join us for the in-person return of RKL's annual Credit Union Seminar! Hear from RKL team members and other industry professionals on the latest accounting, legal, compliance and cybersecurity concerns affecting credit unions. Gain tips for overcoming challenges, mitigating risk and maximizing growth opportunities, and earn up to six CPE credits.

Questions? Email


8 – 9 a.m.Registration, networking and hot breakfast buffet

9 – 9:10 a.m. – RKL welcome

9:10 – 10 a.m. – Maintaining Relevance with Cultural Operating Discipline, presented by Jeff Marsico, President, The Kafafian Group

How can evolution at your credit union keep pace with change and how can you find operating areas to get better quickly? Hear thought-provoking ideas to identify improvement areas with your team and understand what your members want. (Qualifies for one Business Management and Organization CPE credit.)

Attendees will be able to:
- Identify immediate improvement areas in your credit unions
- Know your members for survival, not compliance
- Align strategy with accountability

10 – 10:50 a.m. – Fair Lending Compliance, presented by Juliya Greenfield, Principal, RKL

The NCUA has a renewed focus on fair lending compliance, and credit unions need to know what to expect on regular exams or separate fair lending exams to stay compliant. Attendees will understand the fair lending laws, the most common fair lending mistakes and violations, and gain tips on how to lessen those risks. (Qualifies for one Accounting CPE credit.)

Attendees will be able to:
-Describe the Fair Lending laws
-Recognize the various types of discrimination by listening to first-hand accounts of common examples
-Understand the scope of recent regulatory actions as a result of discrimination and unfair, deceptive, abusive acts or practices (UDAAPs)

10:50 – 11:10 a.m. – Break

11:10 a.m. – 12 p.m. – Swaps: The “Best Available Tool” in Volatile and Uncertain Times, presented by Bob Newman, Managing Director, Chatham Financial

Inflation, Fed rate hikes and global turmoil have created a level of uncertainty on par with the early 1980s. Created amid market turbulence 40 years ago, interest rate swaps are increasingly being used by credit unions to protect the balance sheet from unwanted surprises. (Qualifies for one Economics CPE credit.)

Attendees will be able to:
-Mitigate the risks associated with interest rate derivatives
-Explain the benefits that can be derived from using derivatives
-Understand the regulatory climate and recent rule changes governing the use of derivatives by credit unions

12 – 1 p.m. – Lunch

1 – 1:50 p.m. – Cybersecurity: Rising Risks, Frameworks, and Risk Mitigation, presented by Michael McAllister, Partner, RKL

Cybersecurity continues to be top of mind for credit union executives as it requires daily vigilance. Yet how to address risks can vary greatly depending on the nature, size and scope of your organization. Staying in compliance with growing regulatory expectations, while monitoring and maintaining the proper controls, requires dedicated, careful and constant attention and a comprehensive approach. (Qualifies for one Information Technology CPE credit.)

Attendees will be able to:
-Identify current cybersecurity risks and expectations from regulatory bodies
-Establish cybersecurity frameworks and other security strategies that fit your credit union
-Address cyber insurance requirements

1:50 – 2:40 p.m. – Legal Issues Facing Credit Unions, presented by Christopher Pippett, Partner, Fox Rothschild LLP

This session will discuss the most common legal issues faced by credit unions, including board/executive management relations, investigations in response to whistleblower claims, class action litigation, and problems arising in the course of a regulatory examination or a governmental investigation. (Qualifies for one Business Law CPE credit.)

Attendees will be able to:
-Implement necessary steps to address whistleblower claims and class action litigation
-Determine the appropriate course of action to take during a regulatory examination or governmental investigation

2:40 – 2:50 p.m. – Break

2:50 - 3:40 p.m. – Accounting and Auditing Update for Credit Unions,  presented by Barry Pelagatti, Partner, RKL

With so much uncertainty in 2022, credit unions must focus on areas like rising interest rate implications, weathering turbulent economic conditions, assessing new accounting standards and adopting the new allowance standard, CECL. This session covers practical considerations for the successful adoption of CECL, such as the impact on trouble debt restructuring; impairment accounting and disclosures; and accounting for debt securities. (Qualifies for one Accounting CPE credit.)

Attendees will be able to:
-Prepare for the new disclosures required by CECL adoption
-Consider the impact of ASC 326 on an investment portfolio
-Assess the aggregated impact of the new standards on regulatory capital levels

3:40 p.m. – Closing remarks

Register for this Seminar


  • CPE: Earn up to six hours in the fields of Business Management & Organization (1), Accounting (2), Economics (1), Information Technology (1), and Business Law (1). See course descriptions above.
  • Cancellations: Cancellations are requested by October 21, 2022.
  • Refunds: Refunds will be issued to those submitting a written cancellation to Lindsey Chretien at, no later than October 21, 2022. No other refunds will be issued, including for "no-shows."
  • Prerequisites: None | Advanced Preparation: None | Program Level: Basic | Delivery Method: Group-Live 

For information regarding our complaint policy, contact RKL’s HR department at 717.394.5666. RKL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website,