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.

Continue to expand on your financial management expertise. You'll acquire the next level of knowledge and skills needed to understand the components of financial management used while monitoring and managing your credit union's 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 2: August 1–5, 2010

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

Preview the schedule

Computer Simulation Case Study: Introduction

• Understand the use of simulation tools in ALM
• Explain the operation of the simulation case from the pre-reading assignments
• Learn how to use a team approach to ALM

Advanced Financial Management Tools

• Review of ALM tools and ratios, including GAP Analysis (GAP), Net Economic Value (NEV), earnings at risk, and other advancements
• Gain a better understanding of the analytical tools your credit union should consider using

Advanced Financial Ratios

• Use financial ratios to evaluate financial performance
• Examine each risk area to understand trends over time, including interrelationships among ratios, and increasing and decreasing strengths and weaknesses
• Review ratio forecasting methods given economic projections
• Understand how tools, ratios, policies, changes, and decisions are linked
• Analyze how recent economic trends have altered many credit union ratios

Advanced Financial Management Analysis & Problem Solving

• Apply ALM (GAP, NEV, earnings at risk) tools to balance sheet management
• Learn to critically review and understand balance sheet risk

Balance Sheet Earnings

• Discuss the foundations of financial management objectives, purpose, tools, ratios, and strategies for maximizing earnings
• Review reasons why financial management is critical in the current economic and insurance environment
• Examine how modeling techniques have adapted to both product innovations and regulatory pressure

Interest Rate Risk

• Identify the four elements of interest rate risk and how they affect credit union earnings and balance sheet
• Discuss how future interest rate increases will affect the balance sheet and income statement

Market Risks

• Identify and manage elements of market risk
• Examine and analyze the factors that affect market value
• Analyze factors that affect market value and cause market risk

Liquidity & Credit Risk

• Learn how to recognize liquidity risk and how to manage it
• Understand the critical elements in operational and contingency liquidity
• Explore credit risk and how to manage it
• Understand the role of credit risk while managing the balance sheet

Forecasting & Interest Rate Risk

• Learn how to identify, manage and control interest rate risk
• Review the influence of rate volatility on interest rate risk

Forecasting & Managing Market Risk

• Understand the effect of market risk and how to identify, manage and control it
• Analyze the relationship between a financial instrument’s market value, interest rates, and credit quality

Forecasting & Managing Liquidity Risk

• Learn how to identify, manage and control liquidity risk
• Establish best practices when forecasting cash flow needs and sources

Forecasting & Managing Credit Risk

• Become more familiar with the different types of credit risk
• Learn how to manage and control credit risk
• Explore forecasting methods for loan delinquency and charge-offs

Interest Rate Shocks

• Review interest rate shocks and yield curve twists
• Establish how to manage market value, liquidity risk and credit risks through market value shocks
• Study the interconnectivity between market value, liquidity, and capital management

Affiliation with CUNA/League is required for attendance.

CPE Credits

"I especially benefited from the Capital Adequacy, Financial Planning, and Forecasting/Strategic Planning topics. These areas are so key to credit union financial managers, and developing true competency in them can be difficult. Harold and Glen both have a great deal of knowledge and do a great job of presenting on these topics." -Julie Zink (2008)

"This program was very beneficial in my financial development. It covers a wide range of financial objectives and goals. The training done in this type of environment is beneficial in that these tolls are essential in the whole industry and not just specific to my credit union."

"This is an excellent course of study. I highly recommend the Financial Management School Parts I & II. It's a great overview of asset-liability management. The simulation tools they use provide a hands-on application to the materials covered. You also gain budgeting and investment insight."

"The program broadened my scope of credit union operations. It has given me more insight to the relationships between deposits, lending, and investments."

Tim Gardner

Steve Rick

Mike Schenk