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Webinar: Directors & Financial Literacy Session 1: Understand Your Credit Union's Financial Condition with Key Ratios. Balances & Estimates

Event Info


August 27th, 2013 2:00 PM   through   3:30 PM

Phone: 314.542.1321

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Few directors are financial experts, yet directors are expected to monitor and understand the financial condition of an institution with millions (or even billions) of somebody else’s money. Directors don’t need to become financial experts, but should know enough to recognize whether the credit union is strong and stable, or weak and troubled, before anyone else tells them.

This session will help every director understand the key numbers and ratios to monitor the credit union’s financial success.  It will address capital (the critical measure of stability), explain why it is vital, where it comes from, and how much you need.  The essential formula of profitability and a breakdown of the five profitability components will be covered.

Finally, this program will look at how varied business models result in ratios that may be very different from the peers or averages that are so commonly used.  You will better understand how to monitor whether your credit union is on track, improving, or weakening.


  • The importance of capital – what it is, where it comes from, how much is enough
  • The 5 components of profitability and how to monitor them
  • Making sense of the allowance for loan and lease loss (ALLL) estimate and how it is funded
  • How varied business models produce markedly different ratios and measurements
  • See a dashboard credit unions can use monthly to track their financial condition


    • Sample directors’ financial literacy policy
    • A TEAM Resources financial dashboard
    • Electronic training log
    • Quiz you can administer to measure staff learning and a separate answer key



This program is the first of two in a series.  Watch for

Directors & Financial Literacy Session 2: 
Monitoring & Measuring the 9 Risks Your Credit Union Faces

on Tuesday, September 17, 2013.


Attendance verification for CE credits provided upon request.



This informative session will be beneficial for directors, Supervisory Committee members, other volunteers, volunteers in training, CEOs, managers, and senior management. 

Please note:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Tim Harrington, CPA, TEAM Resources

Tim Harrington is a Certified Public Accountant who specializes in working with community financial institutions.  Since 1996, Tim has been President of TEAM Resources, a firm which provides consulting, strategic planning, and training from coast-to-coast. 

A presenter at over 1,000 financial conferences, seminars, and webinars, Tim has provided consulting and training for hundreds of community financial institutions in nearly every state and four countries.  Tim advises boards and senior management teams on strategy, profitability, and governance and works with staff on leadership and lending.  In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software “Lenders Tax Analyzer” and has taught lending personnel how to obtain monthly income from tax returns since 1992.


Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.




Listen to the
archived webinar on your




Instructions will be emailed with the archived webinar link.

The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at


Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.


Options 1 and 2 described above


*CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association.   Click here to register:

August 27th, 2013 2:00 PM   through   3:30 PM