Events Calendar

Webinar: Financial Literacy Part 2: How to Interpret Key Ratios, Risks & Reporting
Tuesday, August 24, 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.* In Part 2 of this two-part series you will gain exposure and learn to understand your credit union’s financial statements, critical ratios, and trends so you can effectively perform your responsibilities.
(*While this regulation applies to federally chartered credit unions, the information presented will benefit state-chartered credit unions as well.)


  • Comprehend key financial literacy components of your CU’s financial condition
  • Understand your credit union’s financial statements and how risks are identified
  • Analyze the key financial statement ratios and trends


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. In Part 2 you will gain a further understanding of how these risks can be identified.

Understanding of your credit union’s financial statements, key financial ratios, and trends is essential and required for credit union officials in performing their fiduciary role. In this session, you will be exposed to a sample credit union financial statement and will learn how to translate these numbers into key financial ratios and trends to understand the financial performance of your credit union.


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


  • Website links to additional guidance
  • Sample financial statement
  • Sample critical key ratios
  • 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.