MILWAUKEE, Wis. – Corporate Central hosted its annual Economic Outlook Conference over two days in a virtual environment, during which credit union-specific economic insights and other issues were discussed.
Those other issues included the effects of the pandemic, fiscal policy, market opportunity, risk management, growth planning, and other trends affecting the industry, according to Corporate Central.
New this year, Corporate Central reported that it and its family of CUSOs became registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. As such, attendees were able to earn CPE credits if they met the required criteria for this year’s conference, the corporate noted.
Issues Discussed
According to Corporate Central, presenters and topics covered included:
- Dr. David Kelly, managing director and chief global strategist at J.P. Morgan presented on “Speeding More Slowly.” “Kelly discussed how the U.S. economy has reached a full GDP recovery bolstered by powerful pent-up demand and unprecedented fiscal and monetary stimulus. At the same time, Kelly said companies are having great difficulty finding workers, inflation pressures are increasing, valuations remain high despite spectacular earnings, and corporate taxes may well increase in 2022.”
- Ben Hunt, co-founder and chief investment officer at Second Foundation Partners presented “Make, Protect, Teach.” “Hunt talked about how Washington and Wall Street intentionally seek to prevent us from being stewards through their use of ‘nudging’ narratives. He also spoke about how we can use specific tools and techniques to help us keep our eye on the ball and act as stewards of the future for our families, friends, and business partners.”
- Steve Rick, director and chief economist at CUNA Mutual Group spoke about the economy and credit union operations. “His presentation showed his interpretation and understanding of how economic changes impact the credit union industry. He reviewed the implications of economic growth, explored credit union responses, and discussed prospects for future success.”
- Brenda Campbell, president and CEO of SecureFutures, presented on “Teen Financial Empowerment.” “Campbell discussed the importance of financial literacy and shared all the things SecureFutures is doing to teach teens how to manage money. She shared success stories and explained how credit unions can help drive the initiative.”
The Big Picture
“Our goal for this conference is to offer credit union participants big-picture information they can take back to their credit unions to help guide and inform their budgeting and strategic planning,” said Kevin Chiappetta, SVP-investment services and president of QuantyPhi, who hosted and moderated the two-day event. “We greatly appreciate our expert speakers for their time, insights, and advice helping us meet our goal. We equally appreciate all who attended and shared their experiences and knowledge.”