Webinar: Director Series: Understanding & Utilizing Call Reports for Credit Union Governance

Start: 3:00 pm
End: 4:30 pm
Event Days: 07/30/2013 - 07/30/2013

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. 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 webinar 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.

About This Session:     

This webinar will cover the following topics:

  • 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 with a step-by-step Call Report guide, an electronic training log and a staff quiz/answer key

Who Should Participate:

Credit union directors, associate directors, supervisory committee members, volunteer committee members and aspiring volunteers

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 credit unions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters and corporate governance. A former trial attorney and VP/general counsel of a large credit union, Reed is known for his expertise in the areas of credit union 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.