The board is required to understand the basics of a balance sheet and income statement and be in a position to ask substantive questions about the financial health and direction of the credit union. From balance sheet irregularities to the basics of corporate financial literacy, today’s boards are faced with increasing pressure to stay informed of the complex regulatory and business realities of the financial services marketplace.
The 5300 Call Report is the backbone of the financial reporting system. The NCUA requires all federally-insured credit unions to submit this detailed financial information so they can assess the general financial health of the credit union and observe important trends. Do you know how the information is prepared and submitted by your credit union? More importantly, do you know how to use the data to assist you with credit union governance? This session is designed to give you general guidance and practical tips for understanding your 5300 Call Report obligations and the opportunities presented by this valuable tool.
- Call Report basics: From format to filing dates
- Review of available Call Report information and schedules
- Navigating the NCUA website
- Understanding the available reports: From key ratios to full financial reports
- Tips and tricks to gain the most from Call Report review
- TAKE-AWAY TOOLKIT
- Step-by-step guide to accessing Call Reports
- Electronic training log
- Quiz you can administer to measure staff learning and a separate answer key
Who Should Attend:
This informative session is designed for credit union volunteers that need or want a basic understanding of their credit union’s financial health, especially directors, associate directors, Supervisory Committee members, volunteer committee members, and aspiring volunteers. Attendance verification for CE credits provided upon request.
About the Presenter: David A. Reed, JD, Reed and Jolly, PLLC
Attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm of Reed and Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large credit union, David is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. He also serves as editor of several industry manuals.
|Over $75 million
|$25 - 75 million
|Under $25 million