Financial Literacy: Ratios and Performance

Revisit the fundamentals of asset liability management. Understand key ratios and performance metrics critical to the credit union. (40 minutes)

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This course is designed for the credit union emerging executive or Board of Directors. This course is perfect for a new employee or board member onboarding or someone looking for a financial refresher.

Being financially literate is key to being an effective, impactful credit union executive and director. This course discusses both the financial literacy basics and a more intermediate key ratios and performance metrics such as: Provision for Loan Loss, Operating Expense Ratio, Return on Assets, just to name a few.

Gain insight to apply at your next board meeting. This course is designed for the credit union Board of Directors. This intermediate course is perfect for a new board member onboarding or someone looking for a financial refresher.

Join Eric Schornhorst as he walks you through the fundamentals of finance and accounting practices, including how to read and understand a credit union’s balance sheet and income statement.

In this course we will cover:

Overview of key ratios that drive credit union performance.
Elements that contribute to ratios and performance metrics.
How to analyze and make sound governance decisions to impact these metrics.

Introduction

Course Overview / Learning Objectives

Audience: Who is this designed for?

The Basics of ALM and Financial Literacy

The Basics of Financial Literacy

HANDOUT - Financial Literacy Basics

Financial Literacy: Ratios and Performance Metrics

Financial Literacy - Ratios and Performance Metrics

HANDOUT - Financial Literacy - Ratios and Performance Metrics

Advisor Biography

Eric Schornhorst

Eric is a financial services professional with 25+ years of industry experience. He is an executive coach and strategic advisor with CU Solutions Group working with organizations from $50 million to more than $1 billion in leadership, strategy and risk mitigation. Eric specializes in mergers and acquisitions, member profitability, compliance and financial review for organizations. Prior to CUSG, Eric was the Chief Financial Officer for two large Michigan credit unions.

Financial Literacy: Ratios and Performance

Course
7 Lessons

Revisit the fundamentals of asset liability management. Understand key ratios and performance metrics critical to the credit union. (40 minutes)

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