To many non-financial credit union managers, the world of financial terminology and statements can be often complex, unclear, and even confusing. But deep within those numbers are often the answers you need to make smart business decisions. For credit unions to survive and flourish, sound business practices must be followed. Understand your credit union's numbers through this three-day program. This event is in conjunction with the CUNA CFO Council.

This intensive program will provide the skills you need to:

• Analyze financial statements
• Discover the benefits of a good budget
• Learn how asset-liability management is easily understood
• Explore the building blocks of accounting
• Practice calculating and comprehending important ratios
• Identify key factors in rates, risk, and return

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.

Also available as an eSchool
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CUNA CU Finance for Non-Financial Managers & Volunteers: April 11–14, 2010

Preview the schedule

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 of including allowance for loan losses primer and earning versus non-earning assets

Financial Statement Analysis

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

The Financial Statement Game: Getting a Bit More Sophisticated

• 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 impacts 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-Finance Managers

• Comprehend ALM, the closest thing to rocket science in the credit union business
• Discover a healthy ALM process and who should be included
• Incorporate ratio analysis, trend analysis, market analysis, and economic analysis into the ALM process
• Get a feel for NEV, Shock Tests, and Yield Curve
• Look at ALM various scenarios and judge the health of your credit union

Affiliation with CUNA/League is required for attendance.

CPE Credits

"I learned how to calculate ratios and their meaning. I learned how the different numbers affect other numbers and what to look for to gauge my credit union's performance."

"I am a municipal finance director by profession and have been looking for a conference that would help me understand the reasons behind credit union accounting practices. I found that with this conference! It exceeded my expectations for learning and it was very well serviced by CUNA! It was time and money well spent!"

"This session is exactly what I needed to better understand credit unions financial statements, capital, ALM and CAMEL ratings."

"I learned a lot about credit union finance and how this affects my specific job. This training will assist me in making day-to-day decisions now that I have a more well-rounded understanding of how everything works."

"This course is a great primer for understanding your credit union's numbers, and why it is critical to have a handle on reading them, so you can make intelligent decisions."

"I oversee the marketing department at our credit union. Having an understanding of CU finance allows me to better anticipate the needs of the credit union."

"This conference opened my eyes to understanding credit union accounting, our financial statements, and what all those ratios mean about our credit union's operation."

"It gave me more things to look for as a supervisory person and ways to do a better job. Very well put together." ~Jack Fiske, Supervisory Committee Chairman, NW Preferred Federal Credit Union (2007)

"If you are in a credit union (employee or board), you need to understand all of the numbers, and this class helped so much. I thing all board members should attend. I'm proud of my credit union, but we all need to work together to be the BEST."

"I should have taken this course shortly after being elected a Director. It is a great tool which provides a greater understanding of the operation of a CU."

Tim Harrington, CPA