Events Calendar

Webinar: Financial Literacy Part 1: How to Identify 7 Credit Union Risks Using Financial Statements
Tuesday, June 08, 2021, 03:00pm - 04:30pm

According to the NCUA, directors have an obligation to understand their credit union’s financial condition. Newly elected directors have six months after election to become financially literate.* Attend Part 1 of this two-part series and you’ll be well on your way to understanding risks and how to identify them on your CU’s financial statement.
(*While this regulation applies to federally chartered credit unions, the information presented will benefit state-chartered credit unions as well.)


  • Understand key financial literacy components of your CU’s financial condition
  • Identify the seven major credit union risk components and discuss how they interrelate
  • Decipher your CU’s financial statements and understand how risks are identified


Everything a credit union does to serve its members exposes it to some kind of risk. Whether collecting loans, investing excess funds, providing electronic services to members, etc., risk is everywhere. Part 1 of this two-part series will explore how risks can be identified just by reviewing your credit union’s financial statements. Join us to gain a better understanding of the risks and how to identify them.


This informative session will benefit directors, supervisory/audit committee members, new credit union employees, rising stars, and accounting department personnel.


  • Cheat sheet of the seven credit union risk categories
  • Employee training log
  • Interactive quiz

SPEAKER:  Bryan Mogensen, CLA

Bryan Mogensen is an assurance principal at CLA in Phoenix. With CLA since 1995, Bryan has gained extensive experience in the past 24 years performing audits, internal audits, and consulting services for financial institutions, employee benefit plans, and nonprofit organizations. As engagement principal, he is responsible for ensuring the work is performed as expected, reviewing key areas and reports, planning, and supervising audit staff.

Bryan frequently shares his knowledge through national speaking engagements. He is a licensed CPA and a member of the AICPA and ASCPA. Bryan received a bachelor’s in Business Administration with emphasis in accountancy from the University of Wisconsin-Milwaukee.