The role of a board of directors includes oversight of the Executive and her conduct of financial matters. The ability to read financial statements, understand relevant accounting practices, and ask substantive questions depends a director’s financial proficiency.

The fiduciary duty of care is scrutinized today as never before. NCUA issued Regulation 701.4 to clarify the duty of care: it a duty of each Federal credit union director to possess a working knowledge of a credit union’s financial matters. State or Federal …

These Webinars are your answer to
practicing good governance and
to developing a working-knowledge of financial matters.

Thursdays evenings in … not now scheduled*

7:15 pm Eastern / 4:15 pm Pacific           1-hour each

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WEBINAR 1
FINANCIAL OVERSIGHT: STATEMENTS AND RELEVANT ACCOUNTING PRACTICES.

Your Board’s oversight of operations and its success in governance depends fundamentally on directors being able to read balance sheets and income statements. It is now required for Federal credit union directors (NCUA Rules and Regulations 701.4) to have a working knowledge of financial matters. Obtaining hat knowledge starts with this Webinar. Although state charters do not currently have the same regulatory requirement, a working knowledge of financial matters by all directors  needed to meet fiduciary duties.

The financial statements reflect the historical record of status and performance. Understanding the financials helps directors envision future results. The statements can provide warnings in time for aware executives to take action; aware directors can be on top of those issues to assure the viability of the credit union.

This session includes an overview of relevant accounting principles including the allowance for loan losses, depreciation, and net worth.

After participating in this Webinar, you will know:

• How assets differ from liabilities and capital.
• How the balance sheet impacts the income statement.
• The benefits of using comparative statements, dashboards and charts.

WEBINAR 2
FINANCIAL OVERSIGHT: ESSENTIAL RATIOS AND WHAT THEY MEAN

Tools for overseeing the financial operations of a credit union include ratios, the relationship of one piece of data to another. Changes in ratios are signals for celebration or concern as management pursues targets or ranges for those ratios.

Essential ratios include Gross Margin to Assets and Return on Assets. The expense perspective includes Net-Expenses to Assets and Charge Offs to Loans. The key ratio is Net Worth to Total Assets. We will explore a total of seven essential ratios that should be on every board’s financial dashboard, and a few more for good measure.

After participating in this Webinar, you will know:

• Where net worth comes from.
• Where to find the numbers for the essential ratios.
• Appropriate actions to take to correct negative trends.

WEBINAR 3
FINANCIAL OVERSIGHT: ASSET/LIABILITY MANAGEMENT BASICS

Starting with the two goals for ALM, investigate one decades-old ALM technique that anyone can try with a pencil. Learn what income simulations can do for management’s ALM work, and how to pursue the inevitable assumptions underlying that analysis.

After participating in this Webinar, you will know:

• The two goals of ALM (why members cannot have it all their way).
• How to correlate the asset mix with revenue and risk management.
• How member demands and market forces conspire to challenge financial viability.

WEBINAR 4
FINANCIAL OVERSIGHT: ASKING SUBSTANTIVE FINANCIAL QUESTIONS

Among the tasks directors have for overseeing and directing management, questioning is a primary activity. Substantive questions help management stay sharp and keep the Board/Management partnership effective. Discover financial questions that demonstrate the fiduciary duty of care and represent effective governance practices.

After participating in this Webinar, you will know:

• The nature of a “substantive” question versus a “softball” question.
• How to pose tough questions that build positive relationships.
• The financial areas to watch that maintain good governance.
  

Each Webinar is a $169.00 value. Save 20% by purchasing the series.

Certificates of attendance issued upon request. Download a flyer to distribute

Purchase includes access to the recordings for up to 90-days.

Register any time: view recordings and Webinars, or all as recordings.

Order the series, all four Webinars $495 USD

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