#19: How the Director Role Must Shift in Times of Crisis | Kevin Smith
Release Date: 10/15/2020
#43: Risk Appetite: The Battle between Lending & Credit (and how both can win) | Ancin Cooley
Credit Risk Ready
Lending and Credit have a different outlook on risk. Sometimes it seems like a battle. And yet, both groups need a volume of performing loans to carry the day. Today we'll look at how risk appetite, usually a purview of the Board of Directors and Management, impacts the loan originators as well. And how they can work together to help each other get everyone to the finish line. Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance: About Ancin Cooley: Ancin Cooley is certified and certifiable. He is a...
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#42: Credit Risk Review in (and Out of) a Pandemic Recession | Ancin Cooley
Credit Risk Ready
Loan review is always an important risk management function. Some would say it becomes more important in turbulent times. I would say that good loan review practices even when we are on easy street, set the stage for successfully weathering the turbulence. Today we will focus on the loan review function, and how the pandemic might, or might not, impact it. Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance: About Ancin Cooley: Ancin Cooley is certified and certifiable. He is a CIA (Certified Internal...
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#41: Prudent Pandemic Loan Concessions: How Will the Regulators See It? How Can We Prepare? | Ancin Cooley
Credit Risk Ready
How are the regulators approaching examinations with 2020 in the rear-view mirror? Is it the same or different than past examinations? And how will it change as we start into a recovery? We cover why you need to: Create criteria for pandemic-related modifications and show they are followed Document current conditions and the basis for deciding the problem is short-term Show the regulators how the sausage is made in loan decision-making Resources: Synergy Credit Union Consulting: Synergy Bank Consulting: YouTube: Linkedin: Interagency Credit Risk Review Guidance: ...
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#40: Pushing Out of Your Comfort Zone: How to Master Difficult Conversations in a Virtual Meeting | Allison Shapira
Credit Risk Ready
You need to: reach out to your borrowers, in tough times and in triumph. present your ideas to your mentor lender, or the loan committee, in a way that accomplishes your goals and advances your career. connect with a prospective borrower and pull them in to your client base. Many people find those situations challenging and uncomfortable. In this episode, Allison Shapira, will move you into your comfort zone when using the virtual format to have a challenging conversation. Resources: YouTube: Book: Websites: About Allison Shapira: Allison Shapira is a former...
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#39: Sales and Marketing: Strategy Questions to Help (and Assess) Your Business Borrowers | Joel Block
Credit Risk Ready
Success in business is dependent on success in sales and marketing. In this episode we will tackle three key strategies successful businesses employ. If you lend to businesses or business owners, understanding these keys to success will lead to more helpful relationship-building conversations and an improved ability to assess the likelihood of their continued success. Bonus, you can use these ideas in your sales activities, as well. Resources: Winners take the Inside Track. Here's the Intel you need to join them... Podcast: About Joel Block: Joel’s a futurist and...
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#38: Higher Expectations in Virtual Meetings: Are You Ready? | Allison Shapira
Credit Risk Ready
As we get 'back to work', expectations for polish and impact in virtual meetings will go up. The casual, lowered expectations during the recession will be replaced by an assumption that you are back in a completely professional mode. You need to reach out to your borrowers, in tough times and in triumph. You need to present your ideas to your mentor lender, or the loan committee, in a way that accomplishes your goals and advances your career. You need to connect with a prospective borrower and pull them in to your client base. In this episode, Allison Shapira, will move you back into...
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#37: Futurenomics: The Snapshot You Need to See Today | Mary C. Kelly
Credit Risk Ready
The economy is in freefall, or chugging right along, or recovering...depending on who you listen to, who you are and what business you are in. Perhaps today's news headlines have your stomach in knots. In this episode, we'll focus on how to decide what indicators should be in your snapshot to keep you centered on your borrower's needs. Resources: Book: Website: About Mary C. Kelly: From her days as a naval intelligence officer to her role as one of today’s most influential economists, Commander/Dr. Mary C. Kelly has carved out an unforgettable career in leadership....
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#36: Gauges the Board and Management Should Be Watching While Emerging From the Recession | Tim Harrington
Credit Risk Ready
As we emerge from the Global Pandemic Recession, the Board and Management have critical indicators to watch closely. Some of them are the usual, some of them are specific to recovery from a recession. Some of them will worry the regulators. In this episode, we'll discuss what to keep an eye on as we emerge from the recession. Resources: Book: A Credit Union Guide to Strategic Governance: Book: Eisenhower on Enlighted Leadership: Blog: Lenders’ Tax Analyzer Software: About Tim Harrington: Author, consultant and international speaker, Tim Harrington...
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#35: How 'Invisible Capital' Helps Your Business Borrowers Succeed | Joel Block
Credit Risk Ready
Learn what our most successful business clients are (or should be) considering now to solidify their successful transition ...or to recover ... from the challenges of the pandemic recession. We focus on what our guest calls 'invisible capital', how we think about, innovate and align our business. Here are the three we have time for today: Consider (and reward) contrarian thinking Test your ideas in the marketplace to get feedback Specialize, and then partner with others who specialize in other areas Resources: Winners take the Inside Track. Here's the Intel you need to join...
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#34: Leadership Succession Planning for Business and Banking | Mary C. Kelly
Credit Risk Ready
How does the lender recognize that a business is (or should be) in leadership succession mode? How long before the owner plans to exit should they start this process? What are the steps? How has the pandemic recession upended their plans? Resources: Book: Website: About Mary C. Kelly: From her days as a naval intelligence officer to her role as one of today’s most influential economists, Commander/Dr. Mary C. Kelly has carved out an unforgettable career in leadership. Former chief of police, professor, realtor and HR Director – Mary has spent over 25 years teaching...
info_outlineWe dive into the shifting role of the director during times of crisis. Specifically, we will focus on how to redraw the governance lines without getting into the weeds and throwing off the CEO. And we'll touch on how quickly things are moving compared to pre-recession and how you can keep up.
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The role of the Chair in teeing up critical conversations
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The three questions the board should ask the CEO
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How frequency and depth of needed information is changing
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Plan to conduct an after-recession review to improve board function in the long run
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The Three D's of Governing in a Crisis for Directors
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Why a Director can delegate authority but can never delegate responsibility
About Kevin Smith:
Kevin Smith is a Consultant and Publisher with TEAM Resources. He brings extensive experience in training, designing, and implementing professional development resources to nourish the growth of leaders within the credit union industry. Kevin facilitates strategic planning processes, teaches Strategic Governance to Boards of Directors, and oversees the TEAM Resources board self-evaluation programs with credit unions nationwide.
Kevin is co-author of A Credit Union Guide to Strategic Governance. This essential book helps Governance teams become as effective as possible. He also writes the monthly TEAM Resources blog that is read by thousands nationally. The monthly blog shares guidance on board topics such as governance, strategy, and issues related to the supervisory committee.
Previously, Kevin spent 10 years at the Credit Union National Association (CUNA), in the Center for Professional Development as Director of Volunteer Education. In that role, Kevin developed and oversaw programs for credit union executives, boards, and volunteers. This included conferences and training events, webinars, print programs, and online courses, among others. During his tenure at CUNA, he created and brought several new programs to the credit union movement. One of these is the CUNA Volunteer Certification Program, an intensive, competency-based program for boards and supervisory committees, offered as a five-day onsite event or as a self-study program, both involving rigorous testing for completion. He also created the CUNA Training On Demand series of downloadable training courses, and the CUNA Pressing Economic Issues series featuring the CUNA economists.
Behind the scenes, Kevin was involved with a team of CUNA leaders focused on creating a culture of innovation within the trade association, and working toward keeping the organization forward-thinking, to create new and better programs for its membership. This included participation in an IDEO design program.
Before joining CUNA, Kevin spent several years teaching at the University of Wisconsin-Whitewater.
He holds a Master’s degree from DePaul University, Chicago, and a Bachelor’s degree from Miami University, Oxford, OH.
Contact information: [email protected] 608-217-0556
LinkedIn: linkedin.com/in/kevin-smith-8a52798
Resources:
The TEAM Resources Guide to Strategic Governance: https://forteamresources.com/products/books/
Governance as Leadership: https://boardsource.org/product/governance-leadership-reframing-work-nonprofit-boards/
10 Critical Elements of a Board’s Role in Crisis Management
Blog: https://forteamresources.com/tims-blog/
Find out more about Linda Keith at:
LinkedIn: https://www.linkedin.com/in/lindakeith/