CUNA Credit Union Finance for Boards & Committees eSchool (recorded)

CUNA Credit Union Finance for Boards & Committees eSchool (recorded)
Date:
06/07/2021 To 06/06/2024
Product Code:
AW6FBC21
Speaker:
  • $995.00
    CUNA Member Price
  • Non Member Price $1,990.00
  • Learn how to become a member here: cuna.org/join

 
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This recorded event is available until June 6, 2024.

Almost every decision you make at your credit union has an impact on the bottom line, making financial knowledge profoundly important for credit union decision makers. Join TEAM Resources' Tim Harrington for this eSchool and form a solid grasp of the key fiscal terms, concepts and functions that are important for boards and committees to understand.

Attendees will leave able to:

  • Read and analyze balance sheets
  • Understand the role of risk in financial decision making
  • Utilize asset-liability management (ALM) in financial analysis
  • Calculate and evaluate key ratios

Board & committee members who attend can earn the CUNA Credit Union Board Financial Literacy Certificate, which satisfies the NCUA requirement for financial literacy.

Who Should Attend?

The eSchool is beneficial for credit union board and committee members who are looking to gain a better understanding of their financial responsibilities at the credit union and want to satisfy their NCUA requirement for financial literacy.

Topics

Starting with the Basics

What will be covered:

  • Accounting 101 in twenty minutes or less (debits and credits made easy)
  • Touring the Balance Sheet and Income Statement
  • Where does Capital come from?
  • Allowance for loan losses primer

Loan Losses and their Effect on a Credit Union

What will be covered:

  • Some useful Accounting Principles
  • Learn the cruelties of “accrual” accounting
  • Delinquencies and Charge-offs: What’s right for your business model?
  • Calculating the Allowance for Loan Losses

A Capital Idea. Understanding the Value of Capital

What will be covered:

  • Understand the relationship between CAMEL ratings and your credit union’s financial health
  • Comprehend what Capital is
  • Learn why Capital is important
  • Identify how much capital your credit union needs

Not for Profit…But We Better Make a Profit!

What will be covered:

  • ROA: How we measure profit
  • Spread Analysis: The essential profit equation
  • Understand the elements of profit
  • How to measure your business model’s success
  • Why Non-Interest Income is essential

Financial Statement Analysis: Practicing Our Skills

What will be covered:

  • Review Key Ratios and Spread Analysis
  • Identify if a credit union is doing well or poorly
  • Learn a simple set of gauges a board should monitor

Asset/Liability Management: The Rocket Science of the Credit Union Business

What will be covered:

  • Gain a better understanding?of ALM,?one of the most important tools in financial management?
  • Risk Intelligence: Understand why risk is important to success
  • Learn the major risks credit unions face
  • Learn about NEV, shock tests,?and Gap Analysis and their relationship to ALM

Recorded eSchool length: 6 hours

This eSchool is available to CUNA Training Bundle users at no additional cost.

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Additional Information