Webinar: Financial Literacy Part 2: How to Interpret Key Ratios, Risks & Reporting
August 21, 2025 3:00 pm - 4:30 pm
Financial literacy is an essential element in any board member’s skillset.
Part 2 of this two-part series will explain how to interpret key ratios, risks, and reporting. Using a sample credit union financial statement, you will be shown how to translate the numbers into financial ratios and trends which will allow you to understand the financial performance of your institution. Join us to improve your financial literacy.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Determine key financial literacy components of your credit union’s financial condition
- Understand your credit union’s financial statements and how risks can be identified
- Analyze essential financial statement ratios and trends
- Identify important accounting principles
WEBINAR DETAILS
Understanding financial statements, key financial ratios, and trends is required for credit union officials who perform a fiduciary role. Everything a CU does to serve its members - collecting on loans, investing excess funds, providing electronic services to accountholders, and more - exposes the CU to some kind of risk. This session will demonstrate how these risks can be identified through your financial statements, as well as covering some key accounting principles used for proper financial statement reporting.
WHO SHOULD ATTEND?
This informative session is for board members, supervisory/audit committee members, new credit union employees, rising stars at your credit union, and accounting department personnel.
TAKE-AWAY TOOLKIT
- Website links for additional guidance
- Sample financial statement
- Sample critical key ratios
- Cheat sheet – 7 Credit Union Risk Categories
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Bryan Mogensen, CLA
Bryan Mogensen is an assurance principal at CLA in Phoenix, AZ. With CLA since 1995, Bryan has extensive audit and public accounting experience and has devoted the last 30 years specifically to financial industry clientele. Bryan serves as leader of CLA’s western region financial institution audit, internal audit, and employee benefit plan audit practices. His background includes overseeing and managing audits and internal audits of CUs, CUSOs, profit sharing plans, 401(k) plans, defined benefit plans, and employee and group health plans.
Bryan frequently has national speaking engagements and is a licensed CPA and a member of the AICPA and ASCPA. He received a bachelor’s in Business Administration with an emphasis in accountancy from the University of Wisconsin-Milwaukee.