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Upcoming Events

Georgia CFO Council Meeting

Next meeting:

Date: March 23, 2018
10:00 a.m. - ~
2:00 p.m.
Location: Delta Community Credit Union
Riverwood Parkway/Cumberland Blvd
Atlanta, GA 30339
Other Upcoming Meetings:

June 29, 2018
November 16, 2018

Georgia United CU, Duluth
Georgia United CU, Duluth

The next Georgia CFO Council Meeting will be Friday, March 23rd beginning at 10:00 a.m. to be held in Atlanta at Delta Community Credit Union.   

Overview of Presentation:  Executive Benefits and Yield Enhancement Strategies
Discussions around current events that can impact the credit union, such as the new tax bill and what it means to the credit.   Additionally, we will discuss the accounting classification change that takes effect in less than 9 months impacting credit unions mutual funds, ETF’s and equities.  We will explore the available executive benefit plans and why credit unions are gravitating to loan regime split dollar plans.  And finally discuss how credit unions can invest outside of their Part 703 permissible restriction and the growth of Charitable Donation Accounts (CDA).

Presenter: Michael E Downey, CLU
Mike has over 27 years of experience helping corporations with insurance and investment strategies. For the last 13 years, Mike’s attention and expertise focused on helping credit unions with retaining and rewarding key executives, in addition to providing institutional investments to help offset employee benefit costs. He has won numerous industry awards and has been a speaker at industry conferences.

He is a graduate of the University of Maryland and holds the Chartered Life Underwriter (CLU) designation. Additionally, he is Series 6, 63, 65, 7 and life and health licensed.  Mike and his wife Linda have a beautiful blended family with 7 children. He is active in his church, leading the men’s ministry.

Event host note: The event will be held the Conference Center on the first floor (there’s a big Delta Community Credit Union Sign on the door) and there will be a concierge to greet you.  Please come into the main area on the 1st floor where our name is and ask for the Georgia CFO Council Meeting. It’s in conference room 1B. You can park in the 2 hour visitor parking, directly behind the building. We do ask that you do not park in the Highwood’s, Holder or Bennett Thrasher visitor spots.

If you are not a member, there is a charge of $25 per person to attend and to help cover lunch.

Please email to register for the meeting by March 20th. For those that would like CPE credits, please indicate so when you respond to register.

We appreciate your participation in the Georgia CFO Council and look forward to seeing you there.

If you wish to become a member of the Council or renew your membership, dues are $100 per person per calendar year. Please click here for the online registration form. Checks for membership (and this meeting) should be made payable to the “Georgia CFO Council” and sent to:

     Georgia CFO Council; Attn: Jay Jones, Treasurer
     Georgia United Credit Union
     6705 Sugarloaf Parkway
     Duluth, GA 30097

For those of you who have not had the opportunity to attend a meeting, the mission behind this council is to enhance the expertise of credit union CFO professionals through quality educational and networking opportunities, and the open forum setting in which it is held creates an ideal situation for sharing ideas and best practices. 

If you are unable to attend this meeting but are interested in future meetings that will be held in various locations across the state, please provide your contact information and we will include you in the e-mail listing as well as ensure that you receive the Council meeting notes.  We look forward to the continued development of the CFO Council and we hope to see you there!

 Helpful Links
> American Institute of Certified Public Accountants
> Federal Deposit Insurance Corporation
> Financial Accounting Standards Board
> Internal Revenue Service
> National Credit Union Administration
> National CUNA CFO Council
> U.S. Census Bureau