Interpret. Discuss. Act.

When financial people in your boardroom talk about financial matters, non-financial people sometimes need help to keep up. With this quick course, they can participate more fully.

This session is based on the original “no-numbers” approach created by Dan Clark in the early 1980s. Over the years, this Financial Statements in Plain English approach has edified thousands of credit union volunteers and non-financial employees.

Your non-financial employees will become acquainted with the goals of Asset/Liability Management and ALM’s key issues. Look at the Balance Sheet and begin to understand the strengths and weaknesses of your credit union’s current position. Understand how to identify concentration risk. Let the Income Statement begin to tell the performance story. Learn to see essential ratios not just as individual measurements, but as a set of interrelated indicators to monitor.

This introduction will clarify basic concepts and give the non-financial employees a path to further discovery.

After the session, participants will:

• Know the basics of a balance sheet and income statement.
• Understand the 2 goals of ALM.
• Understand 7 or more essential ratios, what they mean, and their interrelations.

Program Length – half-day, about 3 hours.

Who Should Attend — employees such as marketers, operational managers, and member-service managers who may be involved in financial decisions and make decisions having significant financial results.

If presented for a single credit union, one or two financially trained employees should also attend; they can be better mentors and resources to the newly trained when experiencing together this unique approach.

See the other ways this program material is available.