Learn the basics of credit union Finance and stay compliant with the new financial literacy requirements.

Attend the CUNA CU Finance for Non-Financial Managers & Volunteers eSchool and fill in the gaps of your credit union knowledge.

Are the gaps in your financial knowledge getting in the way of your managerial responsibilities? Are you tired of proceeding in the dark? Learn the facts behind the formulas at the CUNA CU Finance for Non-Financial Managers & Volunteers eSchool, and better understand how your credit union functions. This vital eSchool is tailored specifically for credit union managers and volunteers to set a broad foundation on the essentials of credit union finance. From accounting 101 to complex asset-liability strategies this eSchool will shed light on all of your financial concerns so that you can make your next business decision with confidence.

Plus, after successfully completing the exam, directors will earn their CUNA Board Financial Literacy Certificate.

Through this eSchool you will learn:

• Examine the basics of finance and how it affects your credit union
• Explore the benefits of a balanced budget
• Identify how to not only read financial statements but analyze the nuances between the numbers and understand how these numbers impact decisions at your credit union
• Explore the relationship between risk and interest rates
• Learn what asset-liability is and why it is important to your credit union

This event is produced by the CUNA Center for Professional Development and endorsed by the CUNA CFO Council.

Fear no conversation! After attending this eSchool you will have the knowledge you need to tackle any financial statement and contribute intelligently to any department of your credit union. You'll not only gain a working knowledge of your credit union's financials and peace of mind, but you'll become a better asset to your credit union.

Can't attend at this time? Click here for the archived version.

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.

May 8, 2012   Financial Statement Game: Starting With the Basics

May 15, 2012   Financial Statement Analysis

May 29, 2012   Financial Statement Game: Getting a Bit More Sophisticated: Part 1 & 2, Part 1

Jun 5, 2012   Financial Statement Game: Getting a Bit More Sophisticated: Part 1 & 2, Part 2

Jun 12, 2012   Rates, Risk & Return

Jun 19, 2012   Asset-Liability Management (ALM) for Non-Financial Managers

Class 1: May 8, 2012
Financial Statement Game: Starting With the Basics
Learn accounting 101 in one hour or less (debits and credits made easy) Examine what makes up financial statements and how to make sense of the balance sheet and income statement Identify basics of why capital is important Explore the basics, including allowance for loan losses primer and earning versus non-earning assets
Class 2: May 15, 2012
Financial Statement Analysis
Learn to connect the relationships between elements of the financial statements Examine 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 Identify basic financial analysis for your credit union
Class 3: May 29, 2012 & Class 4: June 5, 2012
Financial Statement Game: Getting a Bit More Sophisticated: Part 1 & 2
Learn to 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
Class 5: June 12, 2012
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 Explore the relationship between interest rates and risk
Class 6: June 19, 2012
Asset-Liability Management (ALM) for Non-Financial Managers
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 Explore a variety of ALM scenarios

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

CPE Credits

Credits for this course: Credits for this course: You can earn 14 group Internet-based CPE credit hours for CUNA CU Finance for Non-Financial Managers & Volunteers eSchool.

Tim Harrington, CPA

The last day for cancellations was April 30, 2012. 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.