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How’s your credit union doing? 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. According to NCUA Reg. 701.4, each director, regardless of background, has an obligation to understand the credit union’s financial condition. Newly elected directors have six months after election to become financially literate. (While this regulation applies to federally-chartered credit unions, the information presented will benefit state-chartered credit unions as well.)
This webinar will look at important ratios every CU should have on their dashboard. Attending this webinar will ensure you know what capital is, where it comes from, and how much is needed. A spread analysis will demonstrate how your CU is making its profit, whether it is improving or declining, and why. Join us to gain a better understanding of how to monitor whether your credit union is on track, improving, or weakening.
For more information or to register CLICK HERE