Understanding Balance Sheets, Income Statements and Key Ratios for Credit Union Board Members

On-Demand Webinar Available Until September 15, 2021

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During this webinar we will introduce credit union board members to the key components of the credit union balance sheet and explain the purpose of each.  We will also review the credit union income statement, identifying the fundamental contributors to income and expenses.  In addition, we will discuss the relationship between the balance sheet and income statement, three major risks inherent in the balance sheet and income statement, and key financial ratios.

Key Takeaways

  • Gain a basic understanding of a credit union’s financial statements
  • Understand key financial ratios and how to use them to evaluate financial performance
  • Appreciate that each credit union’s strategy is different, and that the key is to ensure that your credit union’s ratios work in unison with one other
  • Discuss the three financial risks inherent in credit union operations
  • Become even more prepared to participate at board meetings and strategic planning sessions

Purchase Now
$295 Members | $395 Nonmembers
(Additional $50 for CD)
One registration gives your entire credit union access to the on-demand recording until September 15, 2021.
Already registered? Go to the Online Training Center to view live.

Who Should Attend?

Education Credits

  • NCVEs will receive 1.5 CEUs for participating in this webinar
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Associate Director of Education, NAFCU
  • Learning Objectives: Gain a basic understanding of a credit union’s financial statements. Understand key financial ratios and how to use them to evaluate financial performance. Appreciate that each credit union’s strategy is different, and that the key is to ensure that your credit union’s ratios work in unison with one other. Discuss the three financial risks inherent in credit union operations. Become even more prepared to participate at board meetings and strategic planning sessions.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Finance - Technical
NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Presented By

Joseph Walsh, President and CEO, Direct Federal Credit Union
Joseph Walsh

President and CEO, Direct Federal Credit Union

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