MADISON, Wis. (5/9/12)--Registration and school information is now available for the upcoming CUNA Financial Management Schools, Aug. 12-16 in San Diego, announced the Credit Union National Association (CUNA).
The schools provide credit union managers and chief financial officers with experience in financially managing a credit union in a learning environment. Using the Stanford Bank Game, a software program that simulates the operations of a financial institution, credit union financial management professionals will work through the details and decisions involved in running a successful credit union. The simulation is designed to promote learning, develop on-your-feet thinking, provide feedback and establish solid skills.
Expert speakers, including CUNA senior economist Steve Rick, will help distill the financial management lessons learned through the simulation and prepare attendees to manage their own credit unions.
The CUNA Financial Management Schools are offered in three parts:
Part 1. All staff members involved in the financial decision-making at their credit union can attend Part 1 to learn how to manage the financial aspects of their institution. Attendees will get hands-on-experience working with a team through the Stanford Bank Game scenarios and listen to guided lectures that will draw out the lessons to be learned in each simulation.
Part 2. This segment continues the themes and theories discussed in Part 1, with the financial simulations gradually becoming more advanced. Discussions of financial theories will move beyond the introductory stages and touch upon high-level decision making, such as strategic financial forecasting for long-term growth. Past participants include CEOs, chief financial officers, senior vice presidents and other senior management positions.
Part 3. This segment is designed for advanced financial management professionals and departs from the asset-liability simulation structure of Parts 1 and 2. Part 3 attendees will work through issues specific to their credit union in discussions with a supportive group of educated peers and industry experts.