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 event is in conjunction with the CUNA CFO Council.

Archived CUNA events enable you to see and hear a recorded presentation and questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. With a computer projection screen, it’s easy to provide this training to a whole roomful of staff.

When you purchase the archive, your entire credit union also gets access for up to six months. See the archived events available to you and your credit union.

Please note: A single session archived event will be made available within 48 hours of the live event and a multiple session archived event will be made available within 48 hours of the conclusion of the last session. By registering for this archived webinar, you will receive unlimited access until the end date listed above for your entire credit union.

Attend this eSchool live on August 18, 2010

Access this archived eSchool

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

Financial Statement Analysis: How Do the Numbers Work Together

• Identify the source of capital and understand why capital matters, measure capital, and understand how to increase capital and the capital-to-assets ratio
• Consider how prompt corrective action regulations affect the amount of capital we retain and the repercussions of letting capital drop below the level called "adequately capitalized"
• Explore the cruelties of "accrual" accounting, why it matters, and how it affects your credit union
• Make sense of the most recent interpretation of the allowance for loan and lease losses, how to calculate it, and how it effects your balance sheet and income statement
• Connect the relationships between elements of the financial statements
• Clarify the critical reasons for analyzing the financial statements
• See the financial statements from the perspective of different users

Financial Statement Game: Getting a Bit More Sophisticated: Parts I & II

• Comprehend and calculate the important ratios of the five ratio groups: liquidity, earnings, spread, capital, asset quality, and growth
• Analyze two credit unions going in radically different directions - learn to identify trends sooner and make critical decisions regarding the future of your credit union
• Make use of ratio analysis, trend analysis, and peer group analysis using classroom examples and your own credit union financial statements
• Learn how to access competitors' financial statements over the Internet and realize the important relationships between CAMEL's and your credit union's financial health

Rates, Risk & Return

• Discover what effect interest rate changes might have on cash flow and financial management
• Learn important first steps to understanding the relationship between interest rates and risk, and setting appropriate prices to mitigate risk
• Investigate several methods of setting, reporting, and calculating rates
• Look at the marketplace in order to determine what the range of competitively acceptable rates is
• Discover how to make sure your member shares the risks with you

Asset-Liability Management for Non-Financial Managers & Volunteers

• Identify and quantify the risks on the balance sheet
• Learn how to assess priorities among conflicting financial objectives such as capital, earnings, growth, and service
• Use tools to measure the volatility of income and expenses flowing from the balance sheet
• Learn how to write an ALM policy

This eSchool is beneficial for board members and any credit union staff who are interested in gaining a better understanding of financial 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.



Dan Clark

Dan's views and teachings on governance and strategic planning were honed by his experiences as a regulator, board member, consultant, and credit union president and CEO. He offers a balanced approach that helps credit unions build on their successes through visioning, strategic planning, and sound governance. The Clark Governance Model is a blueprint for credit union success. Dan has also authored two of the original Volunteer Achievement Program modules from the Credit Union National Association.

The last day for cancellations was September 21, 2010. Substitutions are accepted anytime prior to September 22, 2010 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.