Webinar: Directors & Financial Literacy Session 1

Start: 3:00 pm
End: 4:30 pm
Event Days: 08/27/2013 - 08/27/2013

Understand Your Credit Union's Financial Condition with Key Ratios, Balances & Estimates

This webinar will help every director understand the key numbers and ratios to monitor the credit union's financial success. You'll learn about capital (the critical measure of stability), including 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. This webinar will also explain why varied business models result in ratios that may be very different from the averages that are so commonly used.

About This Session:     

This webinar will cover the following topics:

  • The importance of capital - what it is, where it comes from and 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
  • A dashboard credit unions can use monthly to track their financial conditions
  • TAKE-AWAY TOOLKIT with a sample directors' financial literacy policy, a TEAM Resources financial dashboard, an electronic training log and a staff quiz/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, coming Sept. 17!

Who Should Participate:

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 and president of TEAM Resources, a firm that provides consulting, strategic planning and training across the country. Since 1992, he has also taught lending personnel how to obtain monthly income from tax returns. As a faculty member of two CUNA schools on finance and tax, Harrington has consulted with, and provided training for, hundreds of financial institutions. In addition, he is the author of popular lending software Lenders Tax Analyzer.