MADISON, Wis. (11/10/11)--Registration and information is now available for the 2012 Credit Union National Association (CUNA) CU Finance for Non-Financial Managers & Volunteers School, April 22 to 25 in Orlando, Fla.
CUNA CU Finance for Non-Financial Managers & Volunteers School is tailored for credit union managers and volunteers who seek a broad foundation on the essentials of credit union finance. From accounting 101 to complex asset-liability strategies, attendees will gain a working knowledge of their credit union's financials and become a better asset to their credit union members.
By attending the school and successfully completing the on-site exam, directors will earn their CUNA Board Financial Literacy Certificate, which ensures compliance with the National Credit Union Administration requirement of board members to prove their financial literacy. By completing the optional exam, board members and volunteers attending the school will also earn six credits toward the Certified Credit Union Volunteer designation.
Instructor Tim Harrington, CPA and president of T.E.A.M. Resources, will cover these topics:
- The basics of finance and how it affects the credit union;
- The benefits of a balanced budget;
- How to read financial statements and analyze the nuances between the numbers;
- The relationship between risk and interest rates; and
- What asset-liability is and why it is important to the credit union.
The basic financial information shared at the school is vital for all credit union employees to perform their job duties effectively, said Kevin Smith, CUNA director of volunteer education.