2012 Director Series

A series of 6 webinars designed to provide a year of training
exclusively for credit union directors!

WEBINAR OR ON-DEMAND WEB LINK (LINK INCLUDES FREE CD ROM)

The director’s role has changed significantly over the years. On-going training is vital to mitigate directors’ increased responsibility – and liability – and to enhance their expertise and credit union performance.

Regulators are paying attention to training, too! This series will provide an excellent foundation in the basics of financial literacy for new directors and more advanced training for seasoned board members, including financial statements, balance sheets, key ratios, credit union risk areas, ALM, etc.

Designed exclusively for credit union directors, this series will ensure directors understand their management oversight and enterprise risk governance responsibilities, as well as key financial literacy concepts. Directors may register for the entire series or for individual sessions. By signing up for the entire series, you will receive 6 webinars for the price of 5. It’s a simple, economical solution to allow directors to get the training they need.

Director Series Topics

• Understanding, Measuring & Monitoring Risks: The 9 Most-Critical Risks Credit Unions Face
• Fundamental Board Duties & Responsibilities, Regulatory Requirements & Liability
• Understanding Call Reports for Board Members
• Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios & How to Monitor Your Credit Union
• Advanced Financial Literacy Update for New & Experienced Directors: ALM Primer & New Financial, Accounting & Risk Issues
• The Board's Role with the Loan Committee

Read more about your registration options here.

 

Session Dates & Descriptions

12:00 pm - 1:30 pm Pacific   1:00 pm - 2:30 pm Mountain   2:00 pm - 3:30 pm Central   3:00 pm - 4:30 pm Eastern

Click on presenters' names below for more information.

Credit unions operate in a world of risk. With every loan, there is the risk that the borrower will not be able to pay it back. With each fixed-rate dollar out, there is the risk that the market will rise and higher-cost deposits will result in a small or even negative spread. There are also the risks of cash shortages, damage to your credit union’s reputation, and other financial losses.

Who is ultimately responsible for understanding the risks your credit union takes? It’s the Board of Directors. Being a director has never been easy, but in today’s market, it is more difficult than ever. This webinar will help board members understand, measure, and monitor those risks.

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How would you define a board director’s job? What’s expected and/or required? How do credit union boards function? This insightful session will give a clear picture of what directors and the board should be doing to master the fundamentals. It will cover directors’ elemental functions, legal requirements, some best practices, liability, and 10 questions every director should be ready to ask. Join us to develop a more-complete understanding of the director’s role at your credit union.

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The board of directors is required to understand the basics of balance sheets and income statements and be able to ask substantive questions about the financial health and direction of the credit union. From balance sheet irregularities to the basics of corporate financial literacy, today’s boards are faced with increasing pressure to stay informed of the complex regulatory and business realities of the financial services marketplace. The 5300 Call Report is the backbone of the financial reporting system. The NCUA requires all federally-insured credit unions to submit this detailed financial information in order to assess the general financial health of the credit union and observe important trends. Do you know how the information is prepared and submitted by your credit union? More importantly, do you know how to utilize the data to assist with credit union governance? This session will give you general guidance and practical tips to understand your 5300 Call Report obligations and the opportunities presented by this valuable tool.

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Federal regulation 701.4 requires directors to understand balance sheets and income statements. As a board member, you have an obligation to know and understand how your credit union performs financially. In today’s demanding environment, it is not enough to come to meetings and trust that other board members understand the financial statements and ratios; or that if something is amiss, the CEO will let you know. Each director, regardless of background, has an obligation to understand the credit union’s financial condition.

This webinar will help you understand what balance sheets and income statements really mean. Important ratios which should be monitored during the course of the year will be covered. You will also gain a deeper understanding of the relationship between profit and capital, and why both are important.

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What is Asset Liability Management (ALM)? Some say it’s the “rocket science” of the credit union industry. Although it is complicated, this course will make it easier and more understandable than ever before. ALM is essentially identifying and quantifying risk now and in the future. It is absolutely essential that every director understands the basic concepts and questions to ask about it. This course will look at ALM fundamental concepts and teach you what it means, how to learn about it, how credit unions measure it, and what can happen if it isn’t done well or understood. In addition, this webinar will provide updates on any new accounting and risk issues that have arisen during the year.

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Lenders rely on directors for their input on loan decisions. In turn, directors rely on the credit union’s lenders to provide pertinent information that will support good loan decisions. This doesn't have to be a vicious circle. This webinar will provide information and tools to assist directors in receiving just the right amount of information to make informed decisions. Directors will learn the type of analysis they need to perform to fulfill their responsibilities. In the end, the goal is strong loan decisions coming from the Loan Committee.

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