How to Build a Strong Interest Rate Risk Mitigation Strategy

Next week, Northwest credit unions will convene virtually for session one of the newly launched Financial Strategy Council, developed in response to valuable credit union feedback.

The first session, to be held Thursday, Feb. 4, from 9:30 a.m. to noon PST, 10:30 a.m. to 1 p.m. MST, brings together several financial experts to explore strong interest rate risk mitigation strategies, with a key focus on the use of derivatives.

Attendees will hear from ALM First’s Robert Perry and Thomas Griswold on how they’ve successfully helped credit unions implement derivatives programs, as well as BECU’s SVP of Treasury, Henry Darakhovskiy, who will share his experience in navigating accounting challenges and adequately assessing risk.

Later in the meeting, credit union leaders will take part in an insightful roundtable discussion to share some natural balance sheet hedging strategies they’ve deployed and explore whether using derivatives make sense for their respective organizations.

“This Council is a great opportunity to share ideas and innovative ways to protect credit unions’ bottom line and ultimately give back even more to members,” said John Trull, NWCUA’s VP of Regulatory Advocacy.

There’s still time to register for this must-attend event. Credit unions can take advantage of a Financial Strategy Council Membership to send unlimited staff to all three sessions held throughout the year, or purchase a Power User Membership, giving unlimited staff access to all 2021 Council meetings. Alternatively, credit unions can purchase Individual User Passes for $119. 

To learn more about 2021 Councils, visit them online or contact Mark Gonzalez, Senior Manager, Member Engagement.

Posted in Councils.