The need for credit union financial training has grown far beyond the chief financial officer. The environment in which credit union managers operate continues to become more complex as credit unions are faced with more competition from traditional financial institutions, as well as nontraditional organizations offering financial services. For credit unions to survive and flourish in a robust business environment, sound business practices must be followed. Now, more than ever, credit union professionals need the value of financial training. Volunteers, executives, and managers are now being asked to make critical decisions based on their financial knowledge. Do you understand your credit unions numbers? This event is in conjunction with the CUNA CFO Council.

TOPICS & OBJECTIVES

Financial Statement Game: Starting With the Basics

• Explore accounting 101
• Discover the five basic building blocks of accounting, how they are recorded and reported
• Learn the basic concepts that form Generally Accepted Accounting Principles (GAAP)
• Explore the basics of credit union profitability: where revenue comes from, what the major expense is, calculating the Net Interest Margin (NIM) and why NIM is no longer adequate to sustain credit union profitability
• Discover what makes up credit union "financial statements" and why we need to be able to make sense of the balance sheet and income statement

For more program content information, call 800-356-9655, ext. 4249, or e-mail training@cuna.coop. For registration questions, call 800-356-9655, ext. 4400, or e-mail reginfo@cuna.coop.