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Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios & How to Monitor Your Credit Union

May 26 2:00 PM - May 26, 2022 3:30 PM
May 26, 2022 2:00 PM - 3:30 PM
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Do you know why CAMELS matters? Are you familiar with key financial indicators and what they tell you about your credit union? Join this fact-filled webinar to gain a better understanding of how to monitor whether your credit union is on track, improving, or weakening.

Learning Objectives

  • Comprehend the basic building blocks of financial statements
  • Learn why CAMELS matters – and not just from a regulatory standpoint
  • Identify the most important items for directors to watch
  • Understand your spread analysis and ROA
  • Realize the importance of capital
  • Understand and watch key ratios
  • Recognize different business models

How's your credit union doing? As a board member, you have an obligation to know and understand how your credit union performs financially. As a director, you are responsible for hundreds of millions of dollars of members’ money. It makes sense that you understand how your credit union is doing before anyone has to tell you.

NCUA Regulation 701.4(b)(3) requires that federal credit union board members are financially literate, able to understand their credit union’s balance sheet and income statement, and “ask appropriate, substantive questions of management.” That said, it also makes sense that board members of state-chartered CUs should understand their financial situation as well. Join us to gain a better understanding of how to monitor whether your credit union is on track, improving, or weakening.



Timothy P. Harrington, TEAM Resources

Tim Harrington is Founder and CEO of TEAM Resources and has been a financial institution consultant for over 29 years. Tim has trained boards on understanding financials since1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance. He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, the Dominican Republic and the Virgin Islands. Tim is the author of the popular books “Eisenhower on Enlightened Leadership”, “A Credit Union Guide to Strategic Governance” and “Living a Life that Matters: Into the Light”. These books have been used by management teams nationwide to improve governance and leadership skills. Tim did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Board Governance