As a director, you are required (by both federal and state statute) to be financially literate and receive training. This regulatory requirement protects your credit union because it helps to make sure that you and your fellow board members have the knowledge you need to make sure your decisions about rates and strategic direction do not put your credit union at risk.
Since many of you are now dealing with rising interest rates for the first time in your board tenure, we wanted to offer you a training solution to help you navigate this rate environment. So we asked Tim Harrington of Team Resources to record a webinar for us. That webinar is now available to view at your leisure. It is about 75 minutes long and walks through the impact of interest rate risk and the ways various decisions can affect your credit union’s capital and bottom line.
Access the ALM and Interest Rate Risk webinar on our Compliance Training Tools page. The link to the handout is just below the webinar.