Build CU Finance, Investing Skills to Withstand Current Economy During Several August Learning Opportunities

June 17, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

MADISON, Wis. - Learn investing and financial management techniques that enhance credit union performance in today’s economic environment during multiple August on-site learning events offered by CUNA.

Understand the forces shaping the economy and hear practical ideas for managing credit union investments during the Economics and Investments Conference, taking place Aug. 3-6 in Chicago. The conference begins by reviewing current indicators, statistics, and insights to forecast the economic climate. It then examines national mortgage market and auto industry trends as well as the credit union loan-to-share ratio national average. Asset/liability management (ALM) techniques to enhance credit union performance with today’s uncertain interest rates will be provided, along with strategies to maximize capital investments, control interest expense, and manage interest margins.

Additionally, an Introduction to Credit Union ALM and the Economy Pre-Conference Workshop will be offered the morning of Aug. 3 to explore key financial components that all credit union staff and volunteers should understand. Attendees will also practice making decisions on different scenarios that are affected by economic trends.

Board members and credit union staff can gain a sound understanding of financial management principles and learn techniques to improve credit union performance in this challenging economy during three different Financial Management Schools in Denver.

Taking place Aug. 17-22, Financial Management School: Part I introduces ALM, ratio analysis, investment policy, budgeting, pricing loans and deposits, cost accounting, and more. This offering is designed for volunteers and all levels of credit union staff who wish to expand their finance expertise.

Financial Management School: Part II, taking place Aug. 17-21, builds on many topics discussed in Part I along with advanced-level issues such as: portfolio and core deposits management, forecasting and strategically planning for long-term growth, investment options, and measuring risk-based capital.

Finally, Financial Management School: Part III, Aug. 20-23, provides an annual update of current issues. This year’s topics will cover new regulatory and accounting issues facing the industry, Unrelated Business Income Tax, advanced cost accounting, bonds, net economic value, and various leadership issues.

For more information or to register, visit training.cuna.org, and select the “Schools and Conferences” link; call (800) 356-9655, ext. 4249; or e-mail elearning@cuna.coop.

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About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

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