The need for credit union financial training has grown far beyond the chief financial officer. The environment in which credit union managers operate continues to become more complex as credit unions are faced with more competition from traditional financial institutions, as well as nontraditional organizations offering financial services. For credit unions to survive and flourish in a robust business environment, sound business practices must be followed. Now, more than ever, credit union professionals need the value of financial training. Volunteers, executives, and managers are now being asked to make critical decisions based on their financial knowledge. Do you understand your credit unions numbers? This webinar is in cooperation with the CUNA CFO Council.

Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!

Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.

A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.

For additional training, register for the CUNA CU Finance for Non-Financial Managers & Volunteers eSchool, which starts September 9, 2009.

Attend this webinar live on September 9, 2009

Access this archived webinar

Financial Statement Game: Starting With the Basics

• Explore accounting 101
• Discover the five basic building blocks of accounting, how they are recorded and reported
• Learn the basic concepts that form Generally Accepted Accounting Principles (GAAP)
• Explore the basics of credit union profitability: where revenue comes from, what the major expense is, calculating the Net Interest Margin (NIM) and why NIM is no longer adequate to sustain credit union profitability
• Discover what makes up credit union "financial statements" and why we need to be able to make sense of the balance sheet and income statement

This webinar is beneficial for board members and any credit union staff who are interested in gaining a better understanding of fianancial management topics.

Affiliation with CUNA/League is required for attendance.

Tim Harrington, CPA

Tim is president of T.E.A.M. Resources, a training and consulting firm that provides consulting, strategic planning, and training to credit unions from coast-to-coast. Tim is a dynamic speaker who can make complex subjects very simple. As an expert in the field of credit unions, he has been involved in hundreds of credit union audit engagements and has consulted with, and provided training to, credit union employees throughout the country. Tim has been working with credit unions since 1989 when he directed the internal audit of a $100-million-dollar credit union. As an internal auditor, he gained a deep understanding of credit unions, their problems and successes.

The last day for cancellations was September 8, 2009. Substitutions are accepted anytime prior to September 9, 2009 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.