CUNA Financial Management eSchool: Part 1

September 27–October 25, 2010
Eight classroom sessions held
11:00 a.m. – 1:00 p.m. Central Time

Cost: $1,595
CUNA Council members receive a $100 discount.

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About This Event

With CUNA Financial Management eSchool: Part 1, you get the best of both worlds: a real-world learning experience without the real-world risk.

Using a highly-sophisticated simulation model, CUNA's Financial Management eSchools allow you to apply the principles of credit union financial management in a safe, educational environment.

This unique approach allows you to understand how analysis and planning make the difference between mediocre and smart business decisions.

These classes will help you:

  • Gain a complete understanding of the financial management tools relevant to your credit union's success
  • Understand how to use these tools to achieve goals and determine strategy
  • Identify overall trends and adjust your plan accordingly

CUNA Financial Management eSchool is offered in two parts. In Part 1, you'll learn the foundation for credit union financial management. In Part 2, you'll delve deeper into each concept and uncover a greater understanding of how they apply to your credit union.

Choose the entire eSchool, or register for a specific session. Either way, you take an exciting step forward to improving your overall financial skill-set.


Also Available

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

Related eSchools

eSchool of related interest: Financial Management eSchool Part II

Class Schedule

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.

Sep 27, 2010 Introduction to Financial Management Tools & Ratios
Sep 29, 2010 Financial Management Analysis & Problem Solving
Oct 4, 2010 Case Introduction Balance Sheet Earnings
Oct 6, 2010 Balance Sheet Management: Parts 1 & 2, Part 1
Oct 13, 2010 Balance Sheet Management: Parts 1 & 2, Part 2
Oct 18, 2010 Forecasting & Budgeting, Case Analysis Six Month Review
Oct 20, 2010 Introduction to Investments
Oct 25, 2010 Case Analysis & Team Presentations

Topics & Objectives

Class 1: September 27, 2010
Financial Management Tools
  • Explore the foundations of financial management: objectives, purpose, tools, ratios and strategies
  • Review reasons why financial management is critical in credit unions today
  • Gain a better understanding of asset liability management (ALM) tools and ratios GAP Analysis (GAP), Net Economic Value (NEV), earnings at risk, and other advancements
Financial Management Ratios
  • Use financial ratios to evaluate the total financial performance of your credit union
  • Examine each risk area to understand trends over time, interrelationships among ratios, and increasing and decreasing strengths and weaknesses
  • Discuss the impacts of financial changes on ratios
  • Understand how financial management tools, ratios, policies, and decisions are linked
Class 2: September 29, 2010
Financial Management Analysis & Problem Solving
  • Examine how asset liability management (ALM) modeling techniques have adapted to both product innovations and regulatory pressure for credit unions
  • Learn how to apply financial management tools to balance sheet management
Class 3: October 4, 2010
Case Introduction
  • Understand the use of simulation tools in asset-liability management of credit union finances
  • Explain the operation of the simulation case from the pre-reading assignments
  • Learn how to use a team approach to asset-liability management in a modeling environment
Balance Sheet Earnings
  • Identify and quantify balance sheet risks
  • Review the conflicting priorities (capital, earnings, and growth) with the appropriate level of capital and risks
  • Gain a better understanding of how high growth can lead to increased risk for your credit union
Class 4: October 6, 2010
Loan & Deposit Pricing
  • Learn how to break down the individual risk and cost components inherent in loans and deposits
  • Apply best practices in analyzing pricing and products
  • Identify risks inherent in loan and deposit products
  • Use your analysis of the components to effectively price your products
General Balance Sheet Management
  • Identify pricing practices for optimizing the balance sheet mix
  • Discuss the different balance sheet strategies and the tradeoffs that must be made between maximizing earnings versus minimizing risk
Class 5: October 13, 2010
Determining Loan Loss Provisions
  • Develop loan loss provision calculations and understand their role in balance sheet management
  • Discuss the relationship between economic conditions and the optimal level for the allowance for loan loss
Strategic Decisions & Balance Sheet Growth
  • Establish the importance of the application of the financial management foundations
  • Learn how to apply pricing practices and strategies to optimize the balance sheet
Class 6: October 18, 2010
Balance Sheet Strategies
  • Learn to apply financial management tools to general balance sheet management
  • Establish what balance sheet management strategies your credit union should practice based on current and projected economic and interest rate environments
Budgeting Approaches
  • Explain the importance of applying financial management foundations to the budget process
  • Learn why a top down approach to budgeting can be a best practice
  • Identify and understand what the characteristics of an effective budget are
  • Learn how to create an appropriate budget forecasts and analysis tools to monitor actual performance and identify budget variances
Class 7: October 20, 2010
Introduction to Investments
  • Learn the basic terms and concepts for investments
  • Explore the key components of a sound investment policy
  • Discover how financial management foundations need to be applied when using investments
  • Establish investment objectives and identify investment options to be considered
  • Establish how to identify and measure investment risk, return, and yield curves
  • Learn how to apply financial management tools to investment analysis
Class 8: October 25, 2010
Case Analysis & Team Presentations
  • See the results of your work on the computer case study
  • Evaluate your success compared to other teams

Who Should Attend

This eSchool is beneficial for accounting staff, financial analysts, board of directors, CFOs, and anyone who is interested in learning how to manage the financial growth of your credit union.

Affiliation with CUNA/League is required for attendance.

CPE Credits

CPE Credits

Instructors

Tim Gardner

Tim is a financial consultant at CUNA Mutual Group. He assists credit unions in the selection and use of a variety of programs that perform asset-liability management, interest rate risk analysis, financial analysis, budgeting, strategic planning, and loan pricing. Tim also conducts strategic planning training sessions, presents financial analysis training workshops, and assists credit unions with special projects. Previously, Tim was the financial analyst for Wright Patman Congressional Federal Credit Union in Washington, D.C.


Daniel Mashevsky, Ph.D

Daniel has over 20 years of banking experience, which includes roles in treasury, bank financial planning, strategic planning, asset-liability management, risk management and consulting. Daniel is currently vice president of finance for the $4 Billion Vystar Credit Union in Jacksonville, FL where he is responsible for asset-liability management, product pricing, liquidity management, and branch and product profitability analysis.

Daniel has written numerous papers on asset-liability management and market risk. He has taught frequently on these subjects in various settings. He is currently writing a book on risk management for financial institutions.


Steve Rick

Steve is a senior economist for Credit Union National Association. He conducts economic research, teaches at various credit union schools and conferences and writes articles for CUNA publications. Steve facilitates strategic planning sessions for credit union boards and has authored a textbook on asset-liability management. Steve is also a faculty member of the economics department at the University of Wisconsin-Madison.


Brian Smith-Vandergriff

Brian currently serves as a member of the Client Strategies Group with CNBS, LLC. He is directly responsible for managing client portfolios on a non-discretionary basis and conducting original research for presentation to financial institutions nationwide. He is focused on the development of new products and services throughout the company, as well as original research to support the enhancement of products that span the firm’s business units. Brian is also responsible for managing CNBS’ Business Continuity Planning practice and is also dedicated to guiding the use of information and technology assets throughout the firm.

Brian is actively involved in the Securities Industry Association (SIA) and is currently serving as a member of SIA’s Business Continuity Planning Committee and SIA’s Small Firms’ Technology Focus Group. He has been a frequent speaker and participant at industry conferences, contributed to industry publications, attended management education and development programs and is a member of the Net Future Institute.


Cancellations

The last day for cancellations was September 19, 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.

For more program content information, call 800-356-9655, ext. 4249, or e-mail training@cuna.coop.

For registration questions, call 800-356-9655, ext. 4400, or e-mail reginfo@cuna.coop.




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