Financial Literacy Part 1: How to Identify 7 Credit Union Risks Using Financial Statements
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- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
According to the NCUA, directors have an obligation to understand their credit union’s financial condition.
Newly elected directors have six months after election to become financially literate.* Attend Part 1 of this two-part series and you’ll be well on your way to understanding risks and how to identify them on your CU’s financial statement.
(*While this regulation applies to federally chartered credit unions, the information presented will benefit state-chartered credit unions as well.)
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand key financial literacy components of your CU’s financial condition
- Identify the seven major credit union risk components and discuss how they interrelate
- Decipher your CU’s financial statements and understand how risks are identified
Everything a credit union does to serve its members exposes it to some kind of risk. Whether collecting loans, investing excess funds, providing electronic services to members, etc., risk is everywhere. Part 1 of this two-part series will explore how risks can be identified just by reviewing your credit union’s financial statements. Join us to gain a better understanding of the risks and how to identify them.
WHO SHOULD ATTEND?
This informative session will benefit directors, supervisory/audit committee members, new credit union employees, rising stars, and accounting department personnel.
- Cheat sheet of the seven credit union risk categories
- Employee training log
- Interactive quiz
Attendance certificate provided to self-report CE credits.