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Webinar: Examining the Proposed Federal Changes to Overtime Pay Exemptions & the Potential Impact to Credit Unions

Event Info


December 7th, 2015 2:00 PM   through   3:30 PM

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This is the hot topic every credit union is talking about – the proposed changes to overtime pay exemptions, which are expected to be implemented in 2016. Virtually all credit unions will be impacted, so you need to start preparing for the final regulations now. Last year, President Obama instructed the Department of Labor (DOL) to overhaul the standards for overtime pay. In response, the DOL published proposed regulations which significantly raise the minimum salary for overtime exempt employees from approximately $23,660 to $50,440 annually. In addition, overtime exempt employees must perform specific duties as set forth in the regulation. Any employer that violates the overtime pay regulations is liable for back pay, interest, damages, and attorney fees. This webinar will help you determine the effect these new rules will have and assist you in determining the alternatives available for employees who will no longer qualify as exempt from overtime pay.


  • How your institution can determine the effect that these new rules will have
  • Your institution’s alternatives for those employees that will no longer qualify as exempt from overtime pay
  • Comparison of the new proposed salary requirements
  • Specific duties that must be performed by an employee to qualify for the overtime pay exemption


  • Copy of the proposed regulations highlighting the specific changes to the current regulations
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.


This informative session is designed for human resources personnel, managers, compliance officers, audit staff, budget personnel, and attorneys.

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Elizabeth Fast, JD, CPA, Spencer Fane Britt & Browne, LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.


Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.


The live webinar option allows you to have one Internet connection from a single computer terminal.  You may have as many people as you like listen and watch from your office computer.  Registrants receive a website address and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, pass code, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at

2.  ARCHIVED WEBINAR (Beginning January 1, 2016, CDs replaced with digital download*)


Listen to the archived webinar on your


Instructions will be emailed with the archived webinar link.

Can’t attend the live webinar?  The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link.  This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.  The archived webinar may ONLY be ordered for 6 months following the webinar. It will not be available after this time.

*For archive orders for 2015 webinars placed before December 31, 2015, you will also receive a free audio/visual CD ROM.**  The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  CDs will no longer be provided for archived orders placed after January 1 and all 2016 webinars.  However, you will receive instructions on how to download a digital copy of the webinar which you may keep and use indefinitely.


Options 1 and 2 described above


**CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register:


December 7th, 2015 2:00 PM   through   3:30 PM