Directors & Financial Literacy Session 1:
Understand Your Credit Union’s Financial Condition with
Key Ratios, Balances & Estimates
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
Sample directors’ financial literacy policy
A TEAM Resources financial dashboard
Electronic training log
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.
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.
PLEASE NOTE: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
THREE REGISTRATION OPTIONS
1. LIVE WEBINAR
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. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, pin number, and handouts will be emailed to you prior to the broadcast. You will need the most current version of Adobe Reader available free at www.adobe.com.
2. ON-DEMAND WEB LINK** AND FREE CD ROM*
Can't attend the live webinar? The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date. But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.
3. BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*) Includes options 1 and 2 above
*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.
NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.
$199.00 Webinar per connection
$199.00 Archived On-Demand Web Link & Free CD ROM
$249.00 Both Live Webinar & Archived On-Demand Web Link & Free CD ROM
TIME: 3:00 p.m. - 4:30 p.m.
To register and pay by check, email Mary Zelinsky at firstname.lastname@example.org and your credit union will be invoiced. To register and pay online, click here.