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.

Earn your CUNA Board Financial Literacy Certificate upon successful completion of this eSchool. Learn more.

Did you know? Board members and volunteers can earn 6 credits toward the CUNA Volunteer Certification Program (Level 2, Safety and Soundness) to earn your Certified Credit Union Volunteer designation by successfully completing the optional exam.

Archived CUNA eSchools enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived eSchool 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 eSchools as part of a full day of training by gaining knowledge and ideas at the eSchool, then spend some time discussing how the new information applies to your credit union.

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

Attend this eSchool live on May 4, 2011

Access this archived eSchool

The Financial Statement Game: Starting With the Basics

• Review accounting 101 in one hour or less
• Understand what makes up financial statements and how to make sense of the balance sheet and income statement
• Learn why capital is important
• Explore the basics, including allowance for loan losses primer and earning versus non-earning assets

Financial Statement Analysis: How Do the Numbers Work Together

• Connect the relationships between elements of the financial statements
• Learn the cruelties of "accrual" accounting
• Analyze credit union profits and understand a spread analysis
• Appreciate the importance of fees and other non-interest income for profit
• Start basic financial analysis for your credit union

The Financial Statement Getting More Sophisticated: Parts 1 & 2

• Comprehend and calculate the important ratios
• Make use of ratio analysis, trend analysis and peer group analysis
• Identify how much capital is enough and why it's critical in all phases of planning, operations and governance
• Understand the relationship between CAMEL ratings and your credit union's financial health

Rates, Risk & Return

• Understand the impact of interest rate changes on cash flow and financial management
• Investigate several methods of setting rates, reporting and calculating
• Understand the relationship between interest rates and risk

Asset-Liability Management for Non-Financial Managers & Volunteers

• Gain a better understanding of ALM, one of the most important tools in financial management
• Discover a healthy ALM process and who should be included
• Incorporate ratio analysis, trend analysis, market analysis and economic analysis into the ALM process
• Learn about NEV, shock tests and yield curves and their relationship to ALM
• Work on a variety of ALM scenarios in a team setting in a computer lab to determine the best ALM scenario to apply to the case study credit union

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 firm that provides consulting, strategic planning, and training to credit unions. Tim is a dynamic speaker with a knack for making complex subjects very simple. During his years as an internal auditor, Tim gained a deep understanding of credit unions along with their problems and successes. He was formerly an associate partner with Cotton, Parker, Johnson & Co., P.C., the nation's third largest auditor of credit unions.

The last day for cancellations was June 14, 2011. Substitutions are accepted anytime prior to June 15, 2011 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.