Speakers:
Emily Hollis 
Chief Investment Officer
ALM First

Bank Bust: Lessons Learned for All CUs & How Best to Manage Risk in Today’s Unprecedented Market 

The recent banking crisis with images reminiscent of scenes from the old Bailey Savings & Loan in the movie “It’s a Wonderful Life,” is also a valuable lesson learned for credit union leaders everywhere. Rising interest rates, fast-growing deposits, tightening liquidity, declining loans, a slowing economy, and depositors’ reactions based more on perceptions rather than facts are challenges every CU faces today.

But what exactly led to the crisis at Silicon Valley Bank, Signature Bank and so many others? What went wrong before it reached a crisis? At what point should the leadership have made adjustments to their balance sheets? What were the red flags – or even yellow flags? What could credit union leaders learn from these and other mistakes?

Join us for an in-depth analysis as we explore 3 key areas of the crisis and put you in the shoes of the bank leadership so you can:

1. Understand what really happened from a financial perspective and how the crisis could have been avoided.
2. Explore the reaction and failures by management that made a bad situation worse.
3. Discuss the various strategies that could have been applied to manage perceptions and stave off a bank run.

To say that the events surrounding Silicon Valley Bank, Signature, First Republic, Credit Suisse, and others  are isolated and not relevant to credit unions is a mistake. Beneath the news headlines lurk many of the same challenges facing credit unions today. Join us as we take a case-study approach and learn from one of the of the biggest financial management fiascos in U.S. history.