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Wisconsin Credit Union Foundation

Advanced Financial Literacy Update for New & Experienced Directors: ALM Primer &Financial Accounting & Risk Issues

While ALM is complicated, this webinar will make it easier to understand than ever before. Updates will also be provided on any new accounting and risk issues that have arisen during the year, including the changes that will be taking place as the current Allowance for Loan and Lease Losses methodology is replaced by the new CECL methodology.

Aug 13, 2019 02:00 PM   -­­  Aug 13, 2019 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On-Demand Webinars
  • Live Webinars
  • Board Member

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Description

Asset liability management (ALM) is one of the most important things a credit union director needs to understand. Some call it the “rocket science” of the credit union industry because it is very difficult to comprehend. Simply put, it’s the management of loans and deposits over time in a manner that helps maintain the profit and the capital your credit union needs. While ALM is complicated, this webinar will make it easier to understand than ever before. Join us to learn:

  • What tools can be used in ALM
  • What those tools tell you
  • What questions may need to be asked
  • What measurements are important to understand
  • What can happen if ALM isn’t managed well

In addition, this webinar will provide updates on any new accounting and risk issues that have arisen during the year, including the changes that will be taking place as the current Allowance for Loan and Lease Losses methodology is replaced by the new CECL methodology.

Learning Objectives

  • Refresher on credit union financial statements
  • Importance of capital and where it comes from
  • Understand more about:
    • Interest rate risk
    •  Gap analysis
    • Net economic value (NEV)
    • Credit risk
    • The coming Current Expected Credit Loss (CECL) methodology
  • How to monitor ALM risks and ask questions to ensure the credit union is moving in a prudent, sensible direction 

Speaker

Tim Harrington, CPA, TEAM Resources

Investment 

$259.00