DALLAS — Despite investment losses and budget cuts within the corporate system, Southwest Corporate Federal Credit Union is instead expanding its 2009 training schedule. New courses will include Webinars on new international ACH regulations, risk mitigation strategies and the use of asset-liability management in budgeting and planning.
"Credit unions are becoming more involved in ALM out of necessity," said Mark DeBrees, manager of ALM analysis. "We will continue to offer ALM basic training in 2009 with a class on understanding ALM reports, but credit unions have told us they want to know more about ALM strategies."
Effective Sept. 19, 2009, new NACHA operating rules will impose additional responsibilities on credit unions for screening international ACH payments. Because of the complexity of the new requirements and the penalties from the Office for Foreign Assets Control for noncompliance, Southwest Corporate will devote two Webinars exclusively to this topic, with the first scheduled for Jan. 22.
Sessions covering ALM strategies are scheduled to begin later in the year, with ALM budgeting training scheduled closer to budget time on Sept. 24.
In 2008, Southwest Corporate conducted almost 740 seminars, workshops and online training sessions, with total attendance topping 3,500.
To review the 2009 training schedule or register for any session, visit Southwest Corporate's Web site (www.swcorp.org), call 800-442-5763 or email [email protected].
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