Events Calendar

Webinar: Financial Literacy Fundamentals for New Directors: Financial Statements, Key Ratios & How to Monitor Your Credit Union
Monday, June 10, 2019, 03:00pm - 04:30pm

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.


  • Capital: what it is, where it comes from, and how much you need
  • How much profit your not-for-profit credit union actually needs
  • Five puzzle pieces of profitability and how to monitor them
  • Why your business model can affect what results to expect
  • Learn what is more useful than peer comparisons to determine if your credit union is succeeding
    • Each participant will get a free copy of TEAM Resources’ “Board DashBoard”
    • Employee training log
    • NEW – Interactive quiz


This informative session is designed for all levels of volunteers and staff. It is appropriate for directors, supervisory committee members, CEOs, senior staff, mid-level personnel, and frontline staff.

SPEAKER:  Tim Harrington, TEAM Resources

Tim Harrington is a Certified Public Accountant, author, and consultant who has specialized in working with community financial institutions since 1992. 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. Tim’s book “Eisenhower on Enlightened Leadership” has been used by many boards and management teams to improve internal leadership. In addition, he is a faculty member of three financial institution schools and is the author of the popular lending software “Lenders Tax Analyzer.”