Effective credit union leadership requires a sound understanding of financial management principles. CUNA Financial Management Schools blend financial theory with practical applications to give you a thorough understanding of the financial side of your credit union.

Build on your financial management expertise. You'll gain a thorough understanding of the financial management tools that are used in decision making, managing, and monitoring your credit union's overall performance.

COMPUTER SIMULATION
Quickly gain a greater understanding of credit union financial management with hands-on practice. We make financial management concepts interactive and easy to learn through teamwork and computer-simulated, real-world case studies! Each student participates in an exciting simulation designed to pull together all of the class topics and allow hands-on experience.

You may attend Parts 1 & 2 in any order; there are no prerequisites.

This event is in conjunction with the CUNA CFO Council.

Also available as an eSchool
For more information, click here

CUNA Financial Management School: Part 1: August 1–5, 2010

CUNA Financial Management School: Part 2:  August 1–5, 2010

Preview the schedule

Overview of Financial Management Tools

• Explore the foundations of financial management
• Identify why strong financial management is critical
• Gain a better understanding of ALM tools and ratios, including
GAP Analysis (GAP), Net Economic Value (NEV), earnings at risk, and other advancements

Introduction to Financial Ratios

• Learn how to use financial ratios to evaluate the total financial performance of your credit union
• Identify risk area to understand trends over time including 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

Financial Management Analysis & Problem Solving

• Examine how 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

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

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 earning vs. minimizing risk

Determining Loan Loss Provision

• Develop loan loss provision calculations and 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

Balance Sheet Strategies

• Learn how 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

• Learn how to apply financial management foundations to the budget process
• Learn why a top down approach to budgeting can be a best practice
• Identify what the characteristics of an effective budget
• Learn how to create appropriate budget forecasts and analysis tools to monitor actual performance and identify budget variances

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
• Identify and measure investment risk, return, and yield curves
• Learn how to apply financial management tools to investment analysis

Affiliation with CUNA/League is required for attendance.

CPE Credits

"Overall, the program helped make real world sense of many of the financial activities within the credit union and also allowed me to explore possibilities to enhance our existing financial operation." Justin Mouzoukos (2008)

"This class exposed me to the dynamics of the corporate financial statements. Now I have an understanding of the importance of Asset Liability Management and how it impacts our ROA and Net Worth Ratio." (2008)

"This was my first training through CUNA and I didn't quite know what to expect from this class. After spending the week and working almost as hard as I do at the office, I can say that, I have found the information and experience invaluable and would recommend it to anyone who is interested in getting a better understanding of their organizations financial complexities. I am a more valuable asset to my credit union because of what I learned."

"This was a great way to quickly gain a greater understanding of credit union financial management with hands on practice. The program was packed with useful information and I highly recommend it."

"Things are changing rapidly in the economy and in the requirements of our members needs in relation to the best interests of the credit union. This program helped me put the "credit union" needs back into perspective."

"The simulation was the most beneficial to me, by seeing what changes you make impact the financial condition of the credit union. CUNA's instructors are excellent and highly knowledgeable in their topics."

"My boss told me before I came to Denver that I would learn as much from the other participants as I did from the class itself. He was right. It also gave me a greater appreciation for my credit union and the positive things that we have going for our employees and members."

"The program made ALM easy. I went in with just a basic knowledge and a lot of blank spots and came away feeling informed and confident. I also have some practical ideas I can implement at my CU right away. It's the best overall ALM training I have seen. "

"I liked our instructor's budget tools that were made available to us for future use. He knew the subject matter well and this class increased my knowledge even after working on budgets for several years."

Tim Gardner

Steve Rick

Mike Schenk