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.
Important exam instructions and deadlines:
- Exam instructions are provided with the training. After registration, navigate to the training to view those instructions.
- The deadline to complete the exam is December 31, 2025.
Note: Coming in 2026, new versions of this eSchool will require completing a closed book exam to earn the Credit Union Board Financial Literacy Certificate.
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 eSchool will take approximately 6 hours to complete - each module is approximately 60 minutes.
This eSchool is part of the complete Training Bundle series. Subscribe to get immediate access to this webinar along with over 80+ webinars 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
Member
Non-Member
Credit Union Finance for Boards & Committees eSchool 2024 | On Demand
Credit Union Finance for Boards & Committees eSchool 2024 | On Demand
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
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.
Other non-credit union attendees should contact us to confirm eligibility.
Need help accessing member pricing? Contact 800-356-9655 or hello@americascreditunions.org.
Attendee Info
How to access
Our webinars and eSchools use various platforms, including Adobe Connect, Pheedloop Meet & Stream, and Zoom. All of these platforms are web conferencing technology that allows for live virtual meetings. 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.
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Cancellations
Once a purchase is completed, it is considered final. We do not offer refunds or exchanges for these products unless they are defective or not as described. Defective Products: If you receive a defective product, please contact us within 48 hours of receipt. We will arrange for a replacement or provide a refund at our discretion. Incorrect Item Received: If you receive an incorrect item, notify us within 48 hours of delivery. We will provide instructions for returning the item and issue a refund or replacement. For all questions please contact hello@americascreditunions.org.