Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios & How to Monitor Your Credit Union
On-Demand Webinar:
StreamedMay 26, 2022Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Do you know why CAMELS matters?
Are you familiar with key financial indicators and what they tell you
about your credit union? Join this
fact-filled webinar to gain a better understanding of how to monitor whether
your credit union is on track, improving, or weakening.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Comprehend the basic building blocks of financial statements
- Learn why CAMELS matters – and not just from a regulatory standpoint
- Identify the most important items for directors to watch
- Understand your spread analysis and ROA
- Realize the importance of capital
- Understand and watch key ratios
- Recognize different business models
WEBINAR DETAILS
How's your credit union doing? As a board member, you have an obligation to
know and understand how your credit union performs financially. As a director, you are responsible for
hundreds of millions of dollars of members’ money. It makes sense that you understand how your
credit union is doing before anyone has to tell you.
NCUA Regulation 701.4(b)(3) requires that federal
credit union board members are financially literate, able to understand their
credit union’s balance sheet and income statement, and “ask appropriate,
substantive questions of management.” That said, it also makes sense that board
members of state-chartered CUs should understand their financial situation as
well. Join us to gain a better
understanding of how to monitor whether your credit union is on track,
improving, or weakening.
WHO SHOULD ATTEND?
This timely webinar will
benefit board members, including associate and new directors, Supervisory
Committee members, and other credit union volunteers and staff who wish to
understand their credit union’s financial big picture.
TAKE-AWAY TOOLKIT
- Financial dashboard for your board packet to help directors see trends and expectations in key areas
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are
subject to copyright. Transmission, retransmission, or republishing of any
webinar to other institutions or those not employed by your institution is
prohibited. Print materials may be copied for eligible participants only.
TESTIMONIALS
"I enjoyed the real-life examples and analogies that make this presentation accessible to people who are on not in this field."
- Kany, Expedition Credit Union
"Presenter was very knowledgeable and gave lots of information."
- Oachia, Kankakee Federation of Teachers Credit Union
"I am so pleased to be part of that wonderful class. The instructor is formidable. He is very explicit and very engaging."
- George, Transit Federal Credit Union
Presented By
TEAM Resources
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC