Course Descriptions

Curriculum is focused on: Advocacy, ALM, Innovation, Leadership, & Strategic Planning/Thinking

Curriculum is designed to help each student:

  • Gain knowledge and grow overall understanding of the credit union industry.
  • Further develop personal and professional leadership skills, fostering innovative thinking.

(In addition to live, classroom sessions, students complete a two-year strategic business plan on their own credit union, broadening their perspective of the overall organization.)

Courses are:

  • Offered in the summer unless otherwise noted.
  • Subject to change.

Course Descriptions

ALM Fundamentals

Howard Bufe - Cornerstone Credit Union League (CU Strategic Development)

A fundamental understanding of the financial management process is core to credit union success. During this class, Howard challenges students to see beyond their credit union size, complexities, or current position as he lays the foundation, covering:

  • Identification, evaluation, and implementation actions to control potential credit union risks.
  • Utilizing the process of Asset/Liability Management to achieve financial goals.

Key learning objectives include:

  • Goals of Asset / Liability Management.
  • How to read, review and analyze financial statements (i.e Call Report and Key Ratio Report).
  • Identification, calculation and communication of Key Performance Ratios.
  • The seven categories of risk for credit unions and their potential adverse effect on the credit union’s earnings and net worth.
ALM Key Concepts

Deborah Rightmire – Cornerstone Credit Union League (Asset Liability Management)

Debbie introduces students to key ALM concepts including interest rate risk and liquidity management. The course:

  • Highlights the four primary goals of asset/liability management (ALM).
  • Discusses the impact of interest rate risk (IRR) on credit union earnings.
  • Identifies IRR policy requirements.
  • Highlights liquidity policy objectives.
  • Identifies typical sources and uses of cash.
  • Reviews a list of key terms associated with ALM concepts.
  • Provides direction on Call Report data related to these concepts.
  • Examines additional components of an effective ALM process.
  • Reviews ALM concepts learned in first year classes.
ALM: The Final Frontier (Mid-Year Course)

Deborah Rightmire - Cornerstone Credit Union League (Asset Liability Management)

Debbie reviews requirements for the Financial Management Strategic Initiative (FMSI) of the SCMS project:

  • Internal analysis
  • Objectives, strategies, and tactical action plans (TAPs)
  • Cost benefit analysis (CBA) process
  • Appropriate topics for objectives, strategies, and TAPs
  • Submission and approval procedures

She instructs on how to complete the projection process:

  • Use Excel Projection spreadsheet
  • Integrating impact of all five Strategic Initiatives into projection results
  • Two-year projection of balance sheet, income statement, key ratios
  • Submission and approval procedures
Automotive Data Analysis & Lending Trends (New Course)

John Carrington - CU Direct

John provides an overview of key trends in the automotive finance industry, including:

  • Auto sales
  • Market share analysis
  • Risk
  • Pricing, and
  • Overall indirect lending methodologies. 

Understanding the data will enable credit unions to develop strategies to be competitive in the auto lending landscape.

Basic Business Law (New Course)

Jonathan L. Kudulis - Kudulis, Reisinger, and Price

A common sense review of fundamental business law concepts, including entity formation, structure and fiduciary relationships.  These concepts will then be discussed in their relationship to credit union lending and deposit services. 

Building a Lasting Brand: Advanced Branding for Credit Unions

Mark Arnold - On the Mark Strategies

Branding is more than changing a few brochures or redesigning a newsletter. A true comprehensive branding program takes years to develop and impacts the entire organization. Your credit union needs a powerful brand to differentiate itself in today's marketplace. Mark provides practical information on what to do and what not to do with your credit union’s brand, covering areas such as:

  • Maintaining Brand Consistency & Momentum
  • Lovemarks & Emotional Branding
  • Gaining Staff Buy-In
  • Brand Leadership in the 21st Century

Students gain a core understanding of:

  • How to build a brand.
  • How to live a brand.
  • How to energize a brand.
Business & Technology Trends & Innovations: How Credit Unions Can Compete to Win!

Mark Sievewright – Sievewright & Associates

Mark reviews and discusses the primary business and technology trends that are shaping the future of financial services. He includes case studies, as well as an overview of recommended strategies and tactics, that can help Credit Unions "Compete to Win!" in the markets in which they operate. Mark provides perspectives on consolidation, convergence, member focus, delivery channels, the regulatory environment, product strategy, along with technology trends and opportunities.

Callahan Peer-to-Peer Analysis Application Lab (Summer / New Course)

Ian Melhorn & Sam Taft - Callahan & Associates, Inc.

Students dive into Callahan's Peer-to-Peer tools and resources, garnering insights as they prepare to develop a strategic business plan for their own credit union.

Through Peer-to-Peer, students have the opportunity to compare their own credit union to individual credit unions and banks, customized peer groups, and industry averages. The benchmarking possibilities are nearly limitless since Peer includes all the data points from the NCUA 5300 and FDIC call reports, not to mention numerous Callahan-created ratios that provide an even deeper look into your performance.

The multitude of filters provided help users make the most relevant comparisons possible. Display the information in a customized format , exporting data for thenext board meeting or planning session. With Peer, you always know where your credit union stands.

Callahan Peer-to-Peer Analysis: Introduction (Mid-Year / New Course)

Sam Taft & Suzanne McGann - Callahan & Associates, Inc.

In this session, students are introduced to Callahan’s Peer-to-Peer analytics software. During the course, they will learn how to:

  • Navigate the software
  • Ceate custom peer groups based on specific financial and geographic criteria, and
  • Utilize the software’s hundreds of built-in benchmarks, graphs and tables for their analysis.
Communicating Your Message, Sharing Your Meaning

Dr. Johny Garner - Texas Christian University
Communication Studies
Bob Schieffer College of Communication

Whether it’s communicating with staff, with a board of directors, or with members, great leaders are going to be great communicators. The first part of being a great communicator is being a good listener, learning to understand the needs and ideas of others. The second part of being a great communicator is being good at packaging what you say. There are lots of ways to get your message across, but often because of busy-ness, laziness, or just not knowing any better, we settle for ways that may not effectively convey our meaning. Finally, the best communicators cultivate effective communication skills in others. 

Pre-Arrival Assignment: Complete the Leadership Communication Survey.

Credit Union (Cyber)Security Issues

Idrees Rafiq – Credit Union Resources, Inc. (Financial & Technology Resources)

Today’s credit union is faced with an increased responsibility to exercise measures to ensure the security of its tangible assets, in addition to its non-tangible assets such as member and proprietary information. As a result, security needs to be ingrained into the organizational culture of every credit union and involved with every aspect of daily operations. Idrees draws on his vast background to update students on topics such as:

  • How easy it is to be breached - identifying security threats, and trends.
  • Tips and strategies to defend against security attacks like hacking and social engineering.
  • Managing and mitigating risk.
  • Physical, administrative, and technical security as described in NCUA Regulation 748 Appendix A and B.
  • Identifying regulatory and compliance related to security.
Credit Union Philosophy: People Helping People

Gina Evans, CUDE – Credit Union of America

"People helping people" is the philosophy of cooperation that credit unions were founded upon. Gina takes the students on a trip through time to gain a core understanding of this philosophy. Next, she challenges students to take today's evolving financial services landscape into the credit union of the future, covering:

  • Credit Union Timeline- Review of significant events that have shaped our industry.
  • Cooperative Principles in Action – How they work in today’s environment.
  • Identifying our Positive Core - Greatest strengths, achievements and best practices.
  • The Future of our Cooperative Spirit – Envisioning the future and achieving excellence through innovation and change.
Credit Union Strategic Issues: Student Presentations

SCMS Faculty Team & Alumni

Each third year student determines his or her audience – preparing to present as if addressing the credit union:

  • Board of Directors
  • Management Team

The student's mission is to simulate a real business environment and engage the audience by covering one key strategic element from his or her strategic business plan. The objective is to give a presentation to gain “buy in” as to why the strategic element is important to the credit union and / or to acquire funding.

Presentation Format:

  • Time: Minimum 20 minutes, maximum 25 minutes - plus a few minutes at the end of the presentation for questions and answers. The stated time factors may be adjusted to allow for class size, availability of reviewers, and time constraints.
  • Minimum of one audio-visual element.
  • Attire: Business Professional

When students are not presenting, they are to take the roll as an audience member seriously. If in your classmate’s environment, what might you want to know? What questions do you have about the issue presented? Do the recommendations sound important and reasonable for the credit union?

Presentation Room Set-Up: Each presentation group room has a podium, LCD projector, and white board. Student planning to use remote controls need to bring their own.

Students choosing to do a PC-based presentation should bring their presentation on disk or memory stick. (Be sure to have backup copies on disc and laptop. Some students get creative, network, and even back up each other's presentation.)

Students have the opportunity to see several samples before their third year.

Demystifying Blockchain & Cryptocurrencies (Mid-Year New Course)

Justin Lutes, AAP, NCP - Catalyst Corporate FCU

Depending on who you ask, Blockchain is either the greatest technology since the Internet or a solution looking for a problem. Either way, the technology is changing the landscape of the payments industry. This session will provide an overview of Blockchain and digital currencies, examine where the technology may be heading and explore potential opportunities and threats for financial institutions.

Design Thinking: Finding New Ways to Visualize Our Credit Unions, Our Members and Ourselves

Kevin Moland, AAP – Jack Henry and Associates, Inc.

“Design thinking” is a solution-based way of approaching problems, people, and even life itself. Kevin incorporates a series of exercises designed to help students view their institutions from a new perspective, including an introduction to product management principles like competitive analysis and the crafting of value propositions. Students will also learn how to increase their capacity for insight, and study its role as a foundation for innovative action. The course also includes a personal case study that emphasizes the value of digital services in today’s financial services market, and considers the implications for small- to mid-sized credit unions.

During this course, students will:

  • Study basic Design Thinking principles and discuss how to apply them in a credit union environment
  • Examine how insight is formed and learn how “insight mining” can be used to solve business problems
  • Experiment with competitive analysis methods and the creation of value propositions
  • Review a case study related to digital services and member retention
Developing & Implementing a Business Development Strategy (New Course)

Brett Wooden – Wooden Consulting

The business development world is changing and so should your credit union. In this course, Brett provides the support and tools you need to enhance your business development team. You will learn:

  • Ways to enhance your culture and coaching structure to increase results immediately.
  • How to incorporate technology to allow your team to operate more efficiently and effectively in the field.

Plan to discuss strategies covering building social selling strategies, goals, tracking, individual member profiles, and creating a prospecting plan. Also, gain insights as to how simple it is to establish a remote office for your Business Development team.

Brett shares the lessons he’s learned to help you measure Business Development ROI and better compete in the commercial business arena.

Developing Your Credit Union's Strategic Business Plan (Summer & Mid-Year Courses)

John Vardallas – TheAmericanBoomeR Group
Lily Newfarmer (CL of 1999), CUDE - Tarrant County CU
Shawn Temple (Class of 2009) – Bossier FCU
Janine McBee (Honorary Alum), CUDE – Cornerstone Credit Union League (Training & Events)

A number of courses are spread across a two year period to explain expectations and help students complete their school project – a three-year strategic business plan based on each student’s own credit union.

The project is divided into sections for completion over a two-year period. The sections include (but are not limited to):

  • Mission Statement
  • Executive Summary
  • History of the Credit Union
  • Bonus Opportunities (Vision Statement, Core Values, Code of Ethics, Governance, etc.)
  • SCOT List (Strengths, Challenges, Opportunities, Threats)
  • External/Environmental Analysis
  • Strategic Initiatives (minimum of 5 - one of which must be Financial Management.)

    Each SI includes at a minimum an Internal Analysis with:
    • A 2-year Objective (make sure this is measurable)
    • Strategies
    • Tactical Action Plans
    • Cost-Benefit Analysis
Developing Your Credit Union's Strategic Business Plan: Introduction to Financial Management Strategic Initiative & Projection Fundamentals

Deborah Rightmire - Cornerstone Credit Union League (Asset Liability Management)

The course builds on previous Asset Liability Management courses and helps students prepare for their Financial Management Strategic Initiative (FMSI). Debbie:

  • Reviews requirements for the Financial Management Strategic Initiative (FMSI) of the SCMS project 
    • Internal analysis
    • Objectives, strategies, and tactical action plans (TAPs)
    • Cost benefit analysis (CBA) process
    • Appropriate topics for objectives, strategies, and TAPs
    • Submission and approval procedures
  • Instructs on how to complete the projections process
    • Use Excel Projection spreadsheet
    • Integrating impact of all five Strategic Initiatives into projection results
    • Two-year projection of balance sheet, income statement, key ratios
    • Submission and approval procedures
Developing Your Credit Union's Strategic Business Plan: Projections Application Lab (Summer & Mid-Year)

Deborah Rightmire - Cornerstone Credit Union League (Asset Liability Management)

In a hands-on lab environment, students have the opportunity to use their credit union’s historical information and an Excel spreadsheet application to develop 2 years of:

  • Projected balance sheet
  • Income statement
  • Reconcile of Allowance for Loan and Lease Loss account
  • Resulting financial ratios

Students also review objectives, strategies, tactical action steps, and cost-benefit analysis requirements to complete the Financial Management Strategic Initiative. A team of credit union professionals are on-hand to provide individual assistance.

Disruption - One Foot in the Present, One Foot in the Future (Mid-Year / New Course)

Sam Taft & Suzanne McGann - Callahan & Associates, Inc.

Disruption is a broad term used to describe outside forces that can fundamentally change the way we serve members. During this provocative session, Sam and Suzanne define and dig deeper behind the concept, looking at specific dynamics that are already at work outside your credit union. We’ll ask tough questions and workshop solutions, leveraging the power of the cooperative model.

Enterprise Risk Management (ERM)

Michael D. Kloiber - Tinker FCU

With attacks coming from all directions, protecting member financial resources is a primary responsibility with an ever-growing scope. Risk is consuming more and more of the focus from the highest levels of the credit union. During this course, Mike provides industry insights and expertise as he:

  • Provides a working definition of Enterprise Risk Management (ERM).
  • Identifies risk issues.
  • Discusses establishing a ERM program, including implementation and operation.
Essentials of Negotiation: Negotiate Your Way to Success

Dr. Shannon Shipp - Texas Christian University

Shannon uses discussion and exercises to illustrate:

  • 4 Goals of Negotiation
  • How to Encourage Subsequent Negotiations
  • Bad Negotiating Outcomes
  • 7 Rules for Negotiating
  • When to “Get the Boss Involved:
  • Role of Reciprocity
  • Special Issues
  • Gender Differences & Strategies
  • And, more.
Ethics is NOT an Option

Dr. Shannon Shipp - Texas Christian University

Ethical decision-making by senior executives is constantly in the news. Customers and regulators expect ethical action by credit unions. During this course, Dr. Shipp discusses ways to anticipate and manage ethical dilemmas in a credit union context. The focus is on making ethical decisions in areas that are not required by law or specified by state or federal regulation.

Case studies and class discussions are incorporated to address:

  • How to be an ethical decision-making role model
  • How to train others to make ethical decisions
  • How to establish an ethical workplace

Students leave the course with an ethical decision making process.

Evolving the Branch Experience: Combining Physical and Digital Solutions


  • Tracy Florida, CUDE, Credit Union Resources
  • Lisa Huertas, Texas Tech Credit Union


  • Anthony Burnett, Level5
  • Travis Hoban, FTSI
  • Terry Pierce, CO-OP Financial Services

What’s the right balance of people, physical location and technology for transactions and personal interactions with your members?  This session will consider a multichannel approach to engaging members that aligns with your credit unions long-term objectives. 

Filene I: Innovation as a Strategy

Ryan Foss - Filene Research Institute

Innovation is a critical facet of strategy for credit unions. During this fast-paced, interactive, course, Andrew illustrates how to effectively innovate for financial services customers using the proven Filene Method. He covers such areas as:

  • Meeting the needs of consumers: where do credit unions fit in?
  • Human-centered design and the Filene Method.
  • Identifying consumer problems that inspire innovation.
  • Best practices in developing innovative solutions.
  • Assessing the feasibility of innovation.
  • The art of prototyping and gathering feedback: test, learn, repeat.
Filene II: Innovation as a Reality

Ryan Foss - Filene Research Institute

Now more than ever, credit unions are facing increased competition from both traditional and emerging competitors. To stay relevant and to maintain or grow market share, credit unions must meet the needs of consumers through innovative products, services, and business models. At the same time, prepare for unknown futures and the role credit unions will play.  Ryan helps graduating students focus forward, covering such areas as:

  • Sorting the hype cycle, strategic implications of fintech.
  • Building and leading a culture of innovation.
  • Investment, risk appetite, and their impacts on change.
  • Applying the Filene Method to solve real-life problems.
  • Overcoming organizational barriers to innovation.
  • Creating our future trends exercise.
Financial Management Simulation

Craig Piercy - University of Georgia

The Credit Union Management Simulation is a group exercise in financial decision making. Each team acts as the management of a simulated credit union and devotes attention to making various decisions during a sequence of simulated time periods. Thus, many years of operation can be simulated in a short period of time giving participants a sense of cause and effect of their decisions.

The simulation is designed to:

  • Provide top management decision-making experience.
  • Help you develop an appreciation of how key financial and economic variables interact.
  • Enhance your ability to use financial statements.
  • Provide a risk-free environment for experimenting with alternative policies.
Finding Your Voice as a Leader: Your Personal Leadership Journey

Micheal Walls – CUNA Mutual Group
Greg Inman, CCUE - Neighbors FCU

As a leader, future or present, it is important to know how you will lead and what your personal brand will be. During this interactive course, students are guided through the development of their own “Leadership Story”. They will be able to capture their personal mission, vision, guiding principles and words to live by. In addition, learning ways to build a story that can be told to others, capturing the key aspects of personal leadership philosophies and values. 

Governance & Credit Union Board/Management Relations

Howard Bufe - Cornerstone Credit Union League (CU Strategic Development)

Good governance relates to consistent management of the credit union. Consistency is accomplished by:

  • Defining the credit union’s strategic direction.
  • Formulating cohesive policies & procedures.
  • Providing proper guidance through adequate oversight and accountability.

By identifying and incorporating the key principles promoting good governance, a credit union is capable of creating the appropriate cultural dynamics for a productive board and CEO relationship.

Key principles cover such areas as:

  • Credit Union Principles & philosophy
  • Roles & Responsibilities
  • Board Composition
  • Purpose & Strategy
  • Recognition & Management of Risk
  • Organizational Performance
  • Board Effectiveness
  • Macro/Micro Management
How Do Your Objectives MEASURE UP? (Mid-Year Course)

Howard Bufe – Credit Union Resources, Inc. (OnBalance)

Howard leads this interactive class through discussions about:

  • “Measurable"...What’s the Big Deal?
  • Criteria for Selecting Appropriate Strategic Objectives & Strategies
  • Six Forms of Measurements: Pros & Cons
HR Trends & Challenges

Mike Blalack, Esq. – Blalack & Williams, PC

Mike covers up-to-the-minute human resource compliance issues, trends, and challenges in today’s business arena.

Investments: Portfolio Management for Credit Union Balance Sheets (Mid-Year Course - New Course)

Steven Houle, CFA, FRM - Catalyst Corporate FCU

Even though loan growth has dominating credit union balance sheet trends over the last four years, investment portfolio management remains critical to earnings, liquidity and risk management.  Having, an basic understanding of investments is critical for students.

Through class discussion and a case study, Steven will cover:

  • Credit union investment trends
  • Permissible investments & security analysis
  • Investment portfolio strategies
Lending Trends, Challenges & Innovations

Larry Biernacki
Retired President/CEO, Arkansas Federal Credit Union (Cabot, Arkansas)

Students gain from first-hand experience as Larry shares from his extensive lending background, discussing such areas as:

  • What’s Going on in Lending Land?
    • Indirect
    • Point of Sale
    • Home Equity
    • Mortgage Lending
    • Commercial Lending
    • Relationship Pricing
  • Challenges in Current Rate Environment
    • Production Concerns
    • Margin Issues
    • What If/Can You Run Out of Money?
  • Strategic Products for Building & Deepening Member Relationships
    • Indirect Lending vs. Point of Sale
      • Indirect Loans Don’t Build Relationships:
        To Market Successfully To New/Indirect Members
    • Profit/Yield Model Discussion (open spreadsheet)
    • Another Type of Point of Sale…Small Ticket Sales Finance
    • Getting Loans at New Account Opening
    • Building Relationships with Relationship Pricing
    • New Markets for Credit Unions?
    • Manufactured Housing
Let's Talk Money Habitudes (New Course)

Courtney Moran, I-CUDE, CCUFC – Cornerstone Credit Union Foundation

Talking about Money can be hard. But it’s easy with Money Habitudes.

The truth is, money is very simple, but people make it complicated! Money itself is not the problem or the true issue when problems arise. It’s our money habitudes—habits and attitudes related to money—that drive our daily decisions.

Courtney Moran, Executive Director of the Cornerstone Credit Union Foundation, leads students through a fun, creative game that allows you to open up about finances. She utilizes Money Habitudes, a deck of interactive cards that individuals, couples and groups can use to explore how certain attitudes support or sabotage their financial lives. This simple but extraordinarily insightful session will expose you to great personal-finance information.

Arm yourself with invaluable tools and resources for your own personal growth and to share with your loyal members.

A special thank you to People’s Trust FCU for sponsoring the interactive cards!

Mapping Your SCMS ROI: Execution Strategies & Lessons Learned

John Vardallas - TheAmericanBoomeR Group

  • ROI (abbreviation for Return on Investment): Main reason you attended, endured, and completed Southwest CUNA Management School.
  • Execution (noun): The art of getting things done back home via your Project road map:
    • meshing strategy with reality
    • aligning people with goals
    • achieving the desired results
  • Application (noun): Following the action steps.

You’ve attended the classes, prepared the two-year strategic business plan, and developed a tremendous network. Now the real work begins. It’s time to give your credit union a return on its investment (if you haven’t already). Work the plan by becoming a champion and forming the team to implement your strategies!

A well-crafted plan sitting on a shelf or idle in a computer has no value. Make it come alive:

  • Communicate the Plan
  • Know the Stakeholders, Identify Your Champions, and Create Ownership
  • Keep Planning Forward – Success is a Journey not a Destination
  • Know How to Read the Environmental Tea Leaves and Change or Skirt Direction
Passion, Purpose & Performance: How Innovative Leadership Works in Today's Credit Union

Dr. Robert Smith – The University of Tennessee

The primary purpose of this program is to understand and experience the fundamental leadership requirements guiding strategic change within your credit union.  Because successful innovation is ultimately measured by execution and accountability, our program is fully anchored in pragmatic applications including numerous case studies to illustrate different leadership skills.  

Course Objectives:

  • To explore your unique individual leadership attributes and understand how those might differ from others.
  • To establish a rubric for understanding the five different talents you must have to be successful.
  • Focus on your professional development and challenge you to consider the legacy your leadership will leave.
Powerful Presentations: Developing Oral Communication Skills for the Credit Union Executive (Summer & Mid-Year Courses)

Dr. Robert Smith – The University of Tennessee

Group Facilitators (Summer Session)

  • Millie Mayaka, SCMS Cl of 2013, CUCE - InTouch CU
  • Janine McBee, CUDE, CMM - Cornerstone Credit Union League
  • Lily Newfarmer, SCMS  Cl of 1999, CUDE, ICUDE - Tarrant County's CU

In the information age, communication is survival and those who master oral communication skills command the respect of their peers and climb the leadership ladder. The ability to present yourself as a competent communicator increases with each step on that ladder. The primary purpose for this session is to develop confidence in your oral communication skills necessary to be a successful executive.

Course objectives:

  • To know the five steps for preparing every oral presentation you will ever make.
  • To be personally coached in your oral communication skills.
  • To be prepared for your oral presentation of strategic elements from your business plan project; and
  • To know how to handle with confidence a variety of situations that face the presenter when before an audience.

Dean Borland presents the second part of this course during mid-year classes, providing additional insights to help students prepare for their strategic issue presentations.

Preparing for the Unthinkable: Credit Union Safeguards for Today's Branches (New Course)

Michael A. Petrone, CFE, CFSA - CUNA Mutual Group (CMG)

Tragic events in our communities involving workplace safety and physical security are forcing organizations of all types, including credit unions, to prepare for unthinkable situations. Unfortunate and traumatic events related to robberies and active shooter incidents are unpredictable and evolve quickly.

During this class, Mike shares important components related to credit union and staff preparation, planning and training. He also covers internal controls, technologies, and action steps to consider as you prepare for tomorrow.

SCMSAA Symposium: CECL – Are You Prepared? Biggest AHAs & Lessons Learned from Your Peers (New Course)

Facilitator: Sean Cahill, CCUIP, CUERME, Southwest 66 CU - SCMS Cl of 2015 


  • Connie Cofer, CPA, Communication FCU
  • Sean Duffy, CU Direct – SCMS Cl of 2013
  • Rachel Messick, Visible Equity
  • Dr. Paul Withey, Our Mother of Mercy Parish Federal Credit Union / Withey Consulting Group – SCMS Cl of 2005

The Financial and Accounting Standards Board (FASB) has issued the new accounting standard for how you reserve against your loan and investment losses, and it is called CECL, or Current Expected Credit Losses.  This new model will change how your credit union analyzes and accounts for losses and prepares your financial statements.  It is a dramatic move from your current ALLL (Allowance for Loan and Lease Losses) which models your reserve based on historical “incurred” losses, and transitions to a “expected” loss model based on cash flows over the LIFE of the loan.  This transition will bring significantly greater data requirements and changes to internal methodologies to accurately account for expected losses under the new parameters.

This new regulation and accounting standard goes into place on January 1st, 2021, however you need to begin preparing now for this momentous change.  More than just an accounting standard; lending, operational, and technology departments will have to be involved in preparing this new methodology.  How will you collect the needed data?  How will you segment your loan pools?  What will be the potential impact to your financial models?  Hear from credit unions of all sizes, as well as other subject matter experts, as they discuss the steps they have taken to prepare for this historic change. 

Target audience: SCMS Alum & 3rd year students. With the importance of CECL, other credit union professionals are welcome to join us at no charge. Simply email to let us know you are coming. 

Wednesday, July 18 (8:30 am - 11:30 am) - TCU Brown Lupton University Union Auditorium

Taking Your Leadership to the Top

Dr. Robert Smith – The University of Tennessee

Economic, demographic, technological, and global changes have converged to force rethinking of how consumer focused enterprises remain successful.

Moving up the career ladder, survival requires today’s leaders to know how to adapt and how to adapt their credit unions to transformational changes in the consumer climate. Nothing is secure. Planning is subject to more disruption than stability.

During this highly charged course, Dr. Bob:

  • Discusses seizing opportunity in an age of chaos and wicked problems.
  • Explores the unique skills required for effective senior leadership roles.
  • Addresses being an effective enterprise leader and preparing your plan for getting there.

Along the path, we will engage in some important myth busting of popular leadership axioms.

Students leave with commitments for action to advance your talent and achievements.

Team Building

Steve Rasmussen - True Sky CU

Teams have proven to be essential in attaining peak performance within organizations. An organizational culture, based on teamwork, is recognized globally as a “best practice”. To enhance productivity and remain competitive, organizations are increasingly fostering team based cultures and the coaching leadership style to attain enhanced execution and performance from their workforce.

Steve addresses the challenge of taking a diverse group of individuals and molding them into a team focused on a common goal. He incorporates cutting edge approaches, based on the best-selling author, Patrick Lencioni’s book The FIVE DYSFUNCTIONS of a TEAM - exposing students to the benefits and dysfunctions of teams. 

Course highlights include:

  • Definition of Teamwork
  • What Teams Need
  • How Teams Differ from Groups
  • Evaluating Your Team
  • The Five Dysfunctions of Teams and How to Reduce Them
  • How to Run an Effective Meeting

Pre-Arrival Assignment: Read Patrick Lencioni's The FIVE DYSFUNCTIONS of a TEAM. Come to class prepared to discuss.

The Elephant in the Room: A Conversation on Diversity, Inclusion, and Equity (New Course)

Ronaldo Hardy, MSHRLD, CUDE, CUERME - Southwest Louisiana CU/DiverCity Solutions

Do you simply comply with the federal regulations that govern diversity and inclusion, complimented with an annual training video for each employee to view? Have you assessed the value of building diverse teams to catapult your innovative ideas?

Obtaining real diversity and inclusion ultimately depends upon the strength of the organizations investment and leadership’s commitment to creating sustainable and inclusive objectives. Many companies understand the legal requirements, but fail to recognize the advantages of putting these issues broadly on their agendas. A robust D, I, & E plan can positively affect talent acquisition, talent procurement, and marketplace engagement.

Let’s build collaborative framework to impact the internal dynamics, external relationships, and inclusion effect for your organization. Start your evaluation now!

The Fed Simulation: Formulating Monetary Policy

Preston Ash & Steven Boryk - Federal Reserve Bank of Dallas

Students have the opportunity to play the role of a Federal Reserve Bank president in one of the aspects of an FOMC meeting: the policy go-round and Fed Funds rate and asset purchases recommenda­tion. After discussing the Federal Reserve’s dual mandate (maximum employment and stable prices) and reviewing macroeconomic data, students will read and evaluate the anecdotal information contained in the Beige Book. Then, students analyze current economic conditions, assessing possible economic, financial and international risks; recommending a monetary policy response. 

Pre-Arrival recommended reading/resources:

The Future of Financial Services

Kevin Moland, AAP – Jack Henry and Associates, Inc.

From faster payments to mobile wallets, the financial services industry is awash in emerging services driven by evolving technologies and innovative ideas. This class will take a look back at the rise of technology, with a focus on the impact of mobile solutions on the financial industry. Kevin will also examine how digital services are changing today’s member acquisition and retention efforts. From there, students will pivot to look forward at the buffet of emerging technologies to consider how they are likely to alter the landscape for credit unions in the years to come.

During this course, students will:

  • Understand how technology has altered (and will continue to alter) our daily lives
  • Evaluate the role digital services are playing in the battle for market share
  • Review six emerging technologies that have the capacity to become “the next big thing”
  • Consider alternative ways financial services may be marketed and deployed in the future
  • Learn what credit unions can do today to be better prepared for tomorrow’s high-tech arena
The Impact of Leadership on Learning & Change (New Course)

Dr. Troy Hall - South Carolina FCU
Lily Newfarmer, CUDE, ICUDE (SCMS Cl of 1999) - Tarrant County's CU

Troy and Lily take students on a fast-paced adventure, focusing on: 

  • Learning and growing in the areas of applied leadership.
  • Understanding the difference between initiation of projects and organization change.
  • Applying John Kotter's 8-steps of change.

Pre-Arrival Assignment: Read John Kotter’s Our Iceberg is Melting. Come to class prepared to discuss reading in context of your project.

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TCU Neeley School of Business

Thank You 2018 Sponsors

Academic Fellow

CUNA Mutual GroupCredit Union Resources, Inc.Catalyst Corporate FCU

Academic Patron

Cornerstone Credit Union League

Educational Sponsor

Cornerstone Credit Union Foundation

Friends of SCMS

Blalack & Williams, PC
Bossier FCU
Callahan & Associates, Inc.
Credit Union of America
CU Direct
DiverCity Solutions

Federal Reserve Bank of Dallas
Goldsmith Organization, LLC
InTouch CU
Kudulis, Reisinger, & Price
Las Colinas FCU
Neighbors FCU
On the Mark Strategies

South Carolina FCU
Southwest Louisiana CU
Tarrant County's CU
Tinker FCU
True Sky CU