Credit Union Leaders Gain Insights, Ideas at RKL’s Annual Seminar in Phoenixville


More than 110 credit union leaders recently gathered in Phoenixville to hear the latest industry trends and strategies for success at RKL’s Credit Union Seminar. For more than a decade, the professional services firm and Pennsylvania’s top credit union auditor has been hosting executives and board and supervisory committee members at the RiverCrest Golf Club & Preserve for this annual event.

Driven by its focus on helping credit unions thrive in a changing landscape, RKL packed its event agenda with timely and relevant topics like evolving technology and regulatory changes. Lee Wetherington, Director of Strategic Insight with Jack Henry & Associates, kicked off the day’s agenda with a compelling presentation on the state of digital that emphasized ways credit unions can differentiate themselves from larger competitors. Wetherington stressed the need to marry the human elements of branch service with the automated features of online or mobile banking to deliver a superior member experience that is more cost-effective and scalable than a branch-centric approach.

RKL Tax Partner Jonathan Clark, CPA, MST, highlighted the most impactful individual tax reform provisions for credit union leaders to consider for their personal financial planning, such as bunching charitable contributions and increased gifting to family members and trusts. Richard Gose, Chief Political Officer of the Credit Union National Association, followed with a timely update on regulatory, political and legislative changes brewing in the nation’s capital.

RKL Audit Partner Jim Pruzinsky and RKL Partner and Financial Services Industry Group Leader Barry Pelagatti presented attendees with the most up-to-date information on significant accounting and auditing topics like current expected credit losses, revenue recognition and accounting for leases. As the preferred provider of opinion and IT services for members of the Pennsylvania Credit Union Association, RKL is uniquely positioned to help credit unions prepare for these regulatory changes and improve efficiency across a number of business functions.

The day’s agenda also afforded networking opportunities during the continental breakfast and seated lunch and historical interaction through a Q&A with James Madison. Portrayed by Philadelphia-based actor and voice-over artist John Zak, Madison gave attendees a better sense of how the nation’s founding principles took shape.

The 2018 installment of this annual event caps a year of increased engagement between RKL and the Chester County business community. The firm opened a new, full-service office in the Exton Corporate Center in June. RKL Exton, which is led by Pelagatti, allows the firm to more comprehensively serve its growing client base in Greater Philadelphia and introduce its wide range of business advisory and financial solutions to more organizations throughout the region. Earlier this fall, RKL shared its people-focused story and the qualities that make it one of Pennsylvania’s Best Places to Work during a slate of campus recruiting events throughout Eastern Pennsylvania, which will resume in Spring 2019.

Click here for more information on RKL’s focus on financial institutions.

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