NWCUA’s First Risk Management Council Sees High Engagement
Council panelists provided actionable steps on a variety of topics to assist credit unions in administering their risk programs.
The Northwest Credit Union Association’s first Risk Management Council meeting kicked off with high engagement. Nearly 70 participants attended in-person at NWCUA offices, on the phone, or through video conferencing channels.
The demand for discussions focusing on cybersecurity, fraud, and other related issues was heard by your Association, and response to the first council was very positive. The meeting was so popular, participants were signing up even after the meeting began.
The council covered topics that are key to navigating complicated issues in today’s industry: business continuity and disaster recovery, community fraud training, cyber-hygiene practices, and more.
“Our participants really appreciated having information that touched on a lot of different areas,” said NWCUA Director of Regulatory Affairs and Risk Management and council host, Katie Clark. “We did not focus on one specific type of risk, so there was something for everyone.”
Clark also appreciated the high quality content shared by the panelists.
“Our panelists provided some great information about risk management programs in general, and really focused on providing actionable steps that credit unions can take in either starting, expanding, or changing their programs,” Clark said.
Council panelist Daniela Parker, Assistant Vice President of Risk Management at TwinStar Credit Union, advised participants to see risk management as a process that helps businesses succeed.
“Risk is really about us as an organization achieving our objectives,” said Parker. “We want to bring value to that process under the consideration of all the risk – and that’s the upside and downside of risk.”
She also encouraged risk exploration by the entire organization.
“We want to uncover where we can take more risks as well as mitigating risks. Everybody in the organization plays a part in that. We are all risk managers within the organization,” Parker said.
Risk management professionals are invited to send Clark ideas on topics, content, or speakers for future council meetings. She also encourages participants to use NWCUA’s Risk Management listserv to connect with peers between meetings. Contact Clark for information or assistance.
“This is your council,” Clark said. “We strive to provide content that is relevant to you.”
The next Risk Management Council meeting is Dec. 10. Learn more and register here.