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? 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. This event is in conjunction with the CUNA CFO Council.

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Also available as an on-site school. For more information, click here

Just interested in a specific session? Select individual sessions are available as webinars for only $219–$438 each. Click here to see a list of related webinars you can register for.

Aug 18, 2010   Financial Statement Game: Starting With the Basics

Aug 25, 2010   Financial Statement Analysis: How Do the Numbers Work Together

Sep 1, 2010   Financial Statement Game: Getting a Bit More Sophisticated: Parts 1 & 2, Part 1

Sep 8, 2010   Financial Statement Game: Getting a Bit More Sophisticated: Parts 1 & 2, Part 2

Sep 15, 2010   Rates, Risk & Return

Sep 22, 2010   Asset-Liability Management for Non-Financial Managers & Volunteers

Class 1: August 18, 2010
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
Class 2: August 25, 2010
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
Class 3: September 1, 2010
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
Class 4: September 15, 2010
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
Class 5: September 22, 2010
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.

Tim Harrington, CPA

The last day for cancellations was August 10, 2010. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.