CU2301. Welcome | Keynote: Economic and Credit Union Industry Update; 2023 and Beyond

This session will review the past year, focusing on the impact of the many disruptors; Federal Reserve rate increases at a speed and level not seen, regulatory, auditor and accountants’ response and responsibility due to the banking turmoil, deposit wars in a new competitive environment, and a look at the rapidly changing consumer expectations and technology advancements needed to stay in the game. We will look at the challenges, as well as potential opportunities, facing credit unions in the future.

Learning Objectives:

• Identify the year’s economic and industry trends impacting credit unions
• Recognize the changing landscape of competitors and the increased war on deposits
• Identify risk management & regulatory changes auditors and accountants need to address
• Indicate consumer expectation changes and fast-paced technology investment needed to support them