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Pennsylvania CU

Interest Rate Risk and Investment Strategies Seminar for Credit Unions

September 27-28, 2023


The Logan Hotel
1 Logan Square
Philadelphia, PA 19103

Event Details

The global pandemic set into motion a series of historically unprecedented economic policies. Massive amounts of liquidity and stimulus from policymakers enabled a fast recovery, but at what financial cost? The side effect of those “easy money” conditions has been 40yr-high inflation that now must be fought through highly restrictive Fed behavior. Balance sheet managers have been left to deal with the resulting large swings in interest rate and liquidity risks. Quickly increasing cost of funds, stubborn loan rates, and ever-tightening margins are just a few of the most common worries for 2023. More than ever, it is critical that credit union leadership take a whole balance sheet approach, as understanding and utilizing wholesale markets (asset and funding) could significantly reduce some of these pressures.

This seminar will examine the challenges now faced by CEOs, CFOs, and investment officers who must navigate the next phase of these uncharted waters. Join us for an in-depth discussion of the following topics:

Guest Speaker

Brent Lapp — Regional Vice President: Strategic Resource Management


  • Strategies for driving cost savings within major vendor contracts at credit unions (Core, Online Banking, Card Processors, and Networks)
  • Opportunities for using propensity data to profitably grow deposits and cross-sell loans to your existing members
The Baker Group Speakers

Andrew Okolski — Associate Partner-Director of Credit Union Strategies
Greg Tomaszewicz — Senior Financial Strategist


  • Economic and Market Update – Review of current economic conditions and the outlook for growth, inflation, and interest rates
  • The Fed’s Next Moves – Update on the rate outlook and likely next steps for Federal Reserve monetary policy
  • Interest Rate Risk – How to ensure you are prepared for uncertain balance sheet challenges and a constantly changing regulatory focus
  • Liquidity Risk Management – Policy tools and best practices for managing liquidity risk
  • Loan Participations – Purchasing participations can help you get ahead of much slower moving retail loan rates and, at a minimum, give you market intel for pricing retail loans
  • Investment Portfolio Strategies – Adapting your strategy and building the “right” investment portfolio for your specific balance sheet
  • Agency MBS and CMBS – How the right combination of these two asset classes can get you off the interest-rate-risk roller coaster


Who should attend: Financial institutions’ CEOs, CFOs, investment officers, board members, and those who are directly or indirectly responsible for financial management functions will benefit from this seminar. There is no cost for this seminar.

Attendance to The Baker Group’s Interest Rate Risk and Investment Strategies Seminar is limited in order to allow attendees as much one-on-one and Q&A time as needed.


A block of rooms is available at The Logan Hotel. Identify yourself as a Baker Seminar attendee when calling 215.963.1500. The special room rate will be available until August 28, 2023 or until the room block is sold out. Hotel price: $269 + fees/tax.

The Logan Hotel
1 Logan Square
Philadelphia, PA 19103
Hotel price: $269 + fees/tax.


Wednesday, September 27, 2023

Time Agenda
6:30 pm Cocktails at Stenton Terrace

Thursday, September 28, 2023

Time Agenda
8:00 am Breakfast
8:30 am Seminar
12:00 pm Lunch
4:00 pm Conclusion

Course Format
Group live program.

Basic knowledge of finance and banking is recommended.

Knowledge Level
The level of learning for this seminar is intermediate.

Advanced Preparation

CPE Credits

7 hours of Economics and Finance CPE credits will be earned for your attendance.

Logo for the National Registry of CPE SponsorsThe Baker Group is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

After completing this seminar, you will be able to:

  • Identify Key Balance Sheet Trends that Relate to Interest Rate Risk
  • Answer Questions About Regulatory Requirements for Interest Rate Risk Reporting
  • Recognize the Difference Between Earnings at Risk and Capital at Risk
  • Explain the Relationship Between Price Risk and Cash Flow Volatility in Bond Portfolios
  • Measure and Assess Relative Value Between and Among Bonds


Because this seminar is presented without charge to attendees, there are no refund or cancellation policies. We do, however, welcome any constructive suggestions you might have concerning the seminar. Your comments should be directed to Skoshi Heron at 1.888.990.0010.


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