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Financial Literacy Part 2: How to Interpret Key Ratios, Risks & Reporting

Aug 24 2:00 PM - Aug 24, 2021 3:30 PM
Aug 24, 2021 2:00 PM - 3:30 PM
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According to the NCUA, directors have an obligation to understand their credit union’s financial condition. Newly elected directors have six months after election to become financially literate.* In Part 2 of this two-part series you will gain exposure and learn to understand your credit union’s financial statements, critical ratios, and trends so you can effectively perform your responsibilities.

(*While this regulation applies to federally chartered credit unions, the information presented will benefit state-chartered credit unions as well.)

Learning Objectives

  • Comprehend key financial literacy components of your CU’s financial condition
  • Understand your credit union’s financial statements and how risks are identified
  • Analyze the key financial statement ratios and trends

Everything a credit union does to serve its members exposes it to some kind of risk. Whether collecting loans, investing excess funds, providing electronic services to members, etc., risk is everywhere. In Part 2 you will gain a further understanding of how these risks can be identified.

Understanding of your credit union’s financial statements, key financial ratios, and trends is essential and required for credit union officials in performing their fiduciary role. In this webinar, you will be exposed to a sample credit union financial statement and will learn how to translate these numbers into key financial ratios and trends to understand the financial performance of your credit union.



Bryan W. Mogensen, CPA, CLA

Bryan Mogensen is an assurance principal at CLA in Phoenix, AZ. With CLA since 1995,Bryan has gained extensive experience on audit and consulting engagements during 25years of public accounting and has devoted the last 28 years specifically to credit union industry clientele. Bryan serves as leader of CLA’s Western region credit union and credit union employee benefit plan audit practices. His background includes overseeing and managing audits of CUs, CUSOs, profit sharing plans, 401(k) plans, defined benefit plans, and employee and group health plans.

Bryan frequently has national speaking engagements and is a licensed CPA and a member of the AICPA and ASCPA. He received a bachelor’s in Business Administration with emphasis in accountancy from the University of Wisconsin-Milwaukee.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Operations