Director Series: Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios, & How to Monitor Your Credit Union
Date: August 29, 2012
Time: 2:00 PM- 3:30 PM CST
Live Webinar- $200
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 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.
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 one 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.
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. (LIMITED AVAILABILITY: The on-demand web link and CD ROM may ONLY be ordered for 6 months following the webinar. Neither the link nor CD will be available after this time.)
Both Live Webinar & On-Demand Web Link- $250
Options 1 and 2 described above (Included free CD Rom)
Special Registration Option for member credit unions under $20 million- $169
On-demand link only (does not include CD or live webinar)
About This Webinar:
An NCUA federal regulation requires all new directors to become “financially literate” within six months of joining the board. As a board member, you have an obligation to know and understand how your credit union performs financially. In today’s demanding environment, it is not enough to come to meetings and trust that other board members understand the financial statements and ratios; or that if something is amiss, the CEO will let you know. Each director, regardless of background, has an obligation to understand the credit union’s financial condition. (While this regulation only applies to federally-chartered credit unions, the information presented will benefit state-chartered credit unions as well.)
This webinar will help you understand what balance sheets and income statements really mean. Important ratios which should be monitored during the course of the year will be covered. You will also gain a deeper understanding of the relationship between profit and capital, and why both are important.
- The basic building blocks of financial understanding
- What do regulators look for and why?
- Why do the CAMELs actually matter, and not just from a regulatory standpoint?
- What are the most important items for a director to watch?
- Understanding a spread analysis
- Comprehending the importance of capital
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.