Few directors are financial experts, yet directors are expected to monitor and understand the financial condition of an institution with millions (or even billions) of somebody else’s money. Directors don’t need to become financial experts, but should know enough to recognize whether the credit union is strong and stable, or weak and troubled, before anyone else tells them.
This session will help every director understand the key numbers and ratios to monitor the credit union’s financial success. It will address capital (the critical measure of stability), explain why it is vital, where it comes from, and how much you need. The essential formula of profitability and a breakdown of the five profitability components will be covered.
Finally, this program will look at how varied business models result in ratios that may be very different from the peers or averages that are so commonly used. You will better understand how to monitor whether your credit union is on track, improving, or weakening.
- The importance of capital – what it is, where it comes from, how much is enough
- The 5 components of profitability and how to monitor them
- Making sense of the allowance for loan and lease loss (ALLL) estimate and how it is funded
- How varied business models produce markedly different ratios and measurements
- See a dashboard credit unions can use monthly to track their financial condition
- TAKE-AWAY TOOLKIT
- Sample directors’ financial literacy policy
- A TEAM Resources financial dashboard
- Electronic training logo
- Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series. Watch for
"Directors & Financial Literacy Session 2:
Monitoring & Measuring the 9 Risks Your Credit Union Faces”
on Tuesday, September 17, 2013.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session will be beneficial for directors, Supervisory Committee members, other volunteers, volunteers in training, CEOs, managers, and senior management.
About the Presenter – Tim Harrington, CPA, TEAM Resources
Tim Harrington is a Certified Public Accountant who specializes in working with community financial institutions. Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast.
A presenter at over 1,000 financial conferences, seminars, and webinars, Tim has provided consulting and training for hundreds of community financial institutions in nearly every state and four countries. Tim advises boards and senior management teams on strategy, profitability, and governance and works with staff on leadership and lending. In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software "Lenders Tax Analyzer” and has taught lending personnel how to obtain monthly income from tax returns since 1992.
|Over $75 million
|$7 - 75 million
|Under $7 million
Education Scholarships Available:
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $7M, 50% for credit unions between $7-$75M and 25% for credit unions over $75M.
Cancellation Policy: Sorry, no cancellations are allowed after connecting instructions and handout materials are distributed to registrants. Substitutions are welcomed and encouraged.
Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.