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 Analysis: How Do the Numbers Work Together

• Identify the source of capital and understand why capital matters, measure capital, and understand how to increase capital and the capital-to-assets ratio
• Consider how prompt corrective action regulations affect the amount of capital we retain and the repercussions of letting capital drop below the level called "adequately capitalized"
• Explore the cruelties of "accrual" accounting, why it matters, and how it affects your credit union
• Make sense of the most recent interpretation of the allowance for loan and lease losses, how to calculate it, and how it effects your balance sheet and income statement
• Connect the relationships between elements of the financial statements
• Clarify the critical reasons for analyzing the financial statements
• See the financial statements from the perspective of different users

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.