Financial Literacy Part 1: How to Identify 7 Credit Union Risks Using Financial Statements

On-Demand Webinar:
StreamedJun 8, 2021Duration90 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
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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

WEBINAR DETAILS

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.

TAKE-AWAY TOOLKIT

  • Cheat sheet of the seven credit union risk categories
  • Employee training log
  • Interactive quiz
  • Attendance certificate provided to self-report CE credits.

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