Pre-Forum Session

Mortgages, the Mortgage Market, and the Effect on Credit Unions

In a new era of mortgage lending, credit unions will be well-positioned to take a leadership role – are you ready? This session provides an up-tothe- minute assessment of the mortgage crisis and its impact on the credit union industry. Presenters will examine broken mortgage lending practices (in the broader financial industry) and market trends,
as they highlight opportunities for credit unions. Discover how offering simple, basic mortgage lending and implementing best practices can lead to success. Explore accounting updates and mortgage asset management concepts for the future. As you
serve the needs of your members, strengthen your credit union’s balance sheet.

Eileen O’Grady, Elliott Bay Associates
Ron Koza, Members United Corporate FCU
Jim Toliver, Balance Sheet Solutions, LLC

CPE Credits: 2
Program Level: Intermediate

Mortgage Market Roundtable Discussion

Be ready to jump in with your questions, insight, and remarks during this lively roundtable discussion featuring presenters from the afternoon session.

Moderated by Mike Lee with Eileen O’Grady, Ron Koza and Jim Toliver

CPE Credits: 1
Program Level: Intermediate

Speakers:

	Eileen O'Grady Topic: Mortgages, the Mortgage Market, and the Effect on Credit Unions Eileen O’Grady, President, Elliott Bay Associates, developed her real estate, finance and capital markets skills in Seattle.  Between 1987 and 1993, she was employed at Citicorp, Bear Stearns, Sears Mortgage Securities, and Deloitte Touche, developing expertise in interest rate and credit risk management, as well as mortgage structured finance. She formed Elliott Bay Associates in 1994, providing best practice business and technology consulting services to over 100 local, regional and national clients. Her clients include Credit Suisse First Boston, Washington Mutual, and the FDIC. Ms. O’Grady was EVP of the first online lender, Keystroke, and was the original sponsor of the BECU technology project from which Prime Alliance emerged. She is currently a strategy and technology consultant for Balance Sheet Solutions.
	Ron Koza Ron Koza, Chief Investment Officer, Members United, is responsible for activities undertaken by Asset/Liability Management, Lending, and supporting departments. The role of these areas is to provide investment and lending value to members while minimizing risk for the corporate. In addition to those duties, he serves on the corporate’s Asset/Liability (ALCO) and Internal Asset/Liability Committees (MALCO). With over 25 years’ experience in the investment arena, he has also implemented a wide array of investment certificate and share products for member credit unions. Previously, Ronald held executive positions at Society National Bank (now part of KeyBank), Ameritrust Company NA, and First Boston Corporation.
	James Toliver James Toliver, CFA, is Executive Director, Advisory Services with Balance Sheet Solutions, LLC. (a credit union services organization of Members United). With over 20 years’ experience in investments, capital markets, and financial services, he is responsible for coordination of investment advisory services and products. He got his start with Bear Stearns in the capital markets, then went to First Nationwide where he trained in each key function of banking. Thereafter, he served as CEO of NARDA Credit Union for nine years, Vice President/Controller for Motorola Employees Credit Union, and Director of Investments for Alliant Credit Union. He is a CFA Charter Holder, and is a member of the Investment Analysts Society of Chicago, and the CFA Institute.