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.

This webinar is a part of the CUNA CU Finance for Non-Financial Managers & Volunteers eSchool which starts August 18, 2010. Click here for more information

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff!

When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

For additional training, register for the CUNA CU Finance for Non-Financial Managers & Volunteers eSchool, which starts August 18, 2010.
Click here for more information.

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

This webinar is beneficial for board members and any credit union staff who are interested in gaining a better understanding of fianancial management topics.

Affiliation with CUNA/League is required for attendance.

Tim Harrington, CPA
Tim is president of T.E.A.M. Resources, a training and consulting firm that provides consulting, strategic planning, and training to credit unions from coast-to-coast. Tim is a dynamic speaker who can make complex subjects very simple. As an expert in the field of credit unions, he has been involved in hundreds of credit union audit engagements and has consulted with, and provided training to, credit union employees throughout the country. Tim has been working with credit unions since 1989 when he directed the internal audit of a $100-million-dollar credit union. As an internal auditor, he gained a deep understanding of credit unions, their problems and successes.

Cancellations received in writing (via fax 608-231-4327) seven or more days before the start of the program are eligible for a refund of the amount paid minus a $0 administrative fee. No refunds will be granted if cancellation is received six days or less before a program begins. 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.