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eSchool, Recorded

Credit Union Finance for Boards & Committees eSchool (recorded)

Recording Access Availability: June 7, 2021 to June 6, 2024

Coming soon: This recorded eSchool is being updated for 2024 and will be available mid-April.

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

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 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 

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Member

Regular Price

995.0
Non-Member

Regular Price

Learn how to become a member here: https://www.cuna.org/join/

1990.0
Product Code: AW6FBC21

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 

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 

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 

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 

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 

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 

Additional Information

Need Help?
Need help accessing member pricing (available to both CUNA and NAFCU members)? Contact 800-356-9655 or hello@americascreditunions.org.

America's Credit Unions and your designation(s): 
Our commitment is to continue serving your professional development needs. Active, unexpired designations, and designations and training earned in 2024 will be fully recognized by America’s Credit Unions.