ERM Perspectives

Chris Willey, VP of ERM at American Eagle FCU, discusses their ERM program with David, focusing on 9 risk categories, Key Risk Indicators, and Surplus Net Worth calculation. She highlights no need for ERM software, visualizing risk with diagrams, and managing risk levels in credit unions.

Ryan Koller, VP of Risk Management, shares insights on ERM implementation, board engagement, and the importance of communication. He also humorously compares risk officers and accountants, emphasizing teamwork, collaboration, and adaptability in enterprise risk management.

Wilkes Hardin, VP at WSECU shares insights on ERM program, risk appetite with the board. Discussions on climate change, ESG, and navigating ERM challenges. Importance of GRC software for risk assessments and proactive risk management. Fostering risk-taking mindset, trust in risk management for credit unions. Closing remarks on risk management practices and contact information provided for further discussions.

As President & CEO of Meridian Trust Federal Credit Union in Cheyenne Wyoming, Kim Withers has taken responsibility for the credit union's Enterprise Risk Management program. Kim shares how she has built and organized the ERM program, and how she is managing risk at the credit union. She has a unique perspective given her role, and some great advice for ERM professionals. Kim can be reached at kwithers@mymeridiantrust.com. The video version of ERM Perspectives, including this episode, can be viewed on YouTube:https://www.youtube.com/channel/UC8IQFOIwW4ejVc7CbhajPZw

Michael walks us through his ERM program, and shares how he demonstrates the upside of risk management in terms of dollars. Michael is the SVP of Risk Management at the Credit Union of Southern California. He can be reached at MCruz@cusocal.org. The video version of ERM Perspectives, including this episode, can be viewed on YouTube:https://www.youtube.com/channel/UC8IQFOIwW4ejVc7CbhajPZw

John Collins, CRO at Alloya Corporate FCU, discusses the evolution of ERM, the use of COSO model, managing interest rate risk with derivatives, aligning business opportunities with risk management, and practical advice for starting ERM programs.

Gavin Landless, VP of Risk Management, shares insights on the ERM journey of his credit union since 2018, discussing Key Risk Indicators, risk reporting, and challenges. Topics include organizational structure, flexible Key Risk Indicators, program maturity assessment, and navigating ERM implementation.