Opportunities abound for Alumni, CU Professionals & Guests

Tuesday, July 17

30th Annual SCMS Scholarship Golf Classic
It’s a new day! It’s a new opportunity! It’s a new game! 

Plan to Tee-Up at TopGolf
2201 E. 4th St. / Ft. Worth, TX  76102
Online Registration: https://squareup.com/market/scmsaa

For more information:  Luke Campbell  214.580.9929

Student & Alumni Networking Reception, Dinner & Scholarship Auction
Theme: Taco bout a Party - Dress in your best Fiesta attire!
Hosted by SCMS Cl of 2019 - Sponsored by Catalyst Corporate FCU

TCU - Brown Lupton University Union at the Kelly Alumni Center 

  • 6-6:30 pm
    Hosted bar with margaritas, sangria and more (6:30 pm converts to a cash bar until 8:30 pm)
  • 6:30-7:15 pm
    Bufet Dinner
  • 7:15-9 pm
    Annual Scholarship Auction

Price per person

For more information: Lori Schirpke-Jordan (469.385.6639)

Wednesday, July 18

SCMSAA Symposium: CECL – Are you Prepared?  Biggest AHAs and Lessons Learned from your Peers

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

Panel:

  • 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. 

TCU - Brown Lupton University Union (8:30 - 11:30 am)

Special pricing compliments of the SCMS Alumni Association and Cornerstone Credit Union League: 

  • Free - for:
    • SCMS alum, and
    • All credit union professionals who are members of the Cornerstone Credit Union League

All we ask is that you register to let us know you are coming : Online registration

46th SCMS Graduation Reception, Dinner & Ceremonies
Sponsored by Credit Union Resources

TCU - Brown Lupton University Union - 3rd Floor  

  • 5-6 pm Reception (hosted beer, wine, & sodas)
  • 6-7 pm Welcime & Dinner
  • 7-9 pm Graduation Ceremony (approximate time)

Price Per Guest:

Students

  • Your ticket is included with your tuition. You do not need to RSVP. 

 

 
 
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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

AMOCO FCU
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