Credit Union Finance for Boards & Committees eSchool 2024 | On Demand
Credit Union Finance for Boards & Committees eSchool 2024 | On Demand
Overview
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 was designed to aid in meeting the NCUA requirement for financial literacy.
| 6 hours total | 6 modules | On Demand at your pace |
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Who should attend
The training 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.
This learning opportunity is part of the complete Center for Professional Development (CPD) eSchools & Webinars series. Subscribe to get access to this webinar or eSchool, along with over 80+ webinars & eSchools covering critical topics for you and all your staff.
Schedule
What will be covered:
- Accounting 101 in 20 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
Pricing & Registration
Members in multiple categories receive the lowest price.
Member discounts
All credit unions are invited to register for this event. Members receive a significant discount. Additional discounts available to member credit unions:
- Less than $50 million in assets save 20%
- Council members save 10%
- League staff save 20%
- Multi-attendee discount - Register four attendees and get the 5th free (Note: Please include all registrations in the same order for the discount to apply)
Only one discount can be applied per registration. If a registration qualifies for more than one discount, the highest-value discount will be applied. Unsure of your eligibility or need help accessing member pricing? Contact us at (800) 356-9655 or [email protected].
Attendee Info
How to access
All live hybrid and virtual events, eSchools, and webinars are hosted on Zoom, a web conferencing platform that allows for live, interactive virtual sessions. Some on-demand hybrid and virtual events, eSchools, and webinars are hosted on Vimeo, a video streaming platform – some are hosted on Zoom. To attend, you will need a computer, tablet, or mobile device with a strong internet connection.
Whether this is your first time attending a webinar or eSchool, or you simply need a refresher, review these helpful steps and frequently asked questions below.
Access instructions for webinars and eSchools
On-demand cancellation and issues
All purchases are final. If your digital product arrives defective or incorrect, contact us within 48 hours of delivery. We will issue a replacement or refund at our discretion.
For questions, email [email protected].