NCUA Releases New Board Member Video on the Basics of Financial Statements

Reading financial statements is an essential job for any credit union board member, and our new video series can help make that job easier.

Understanding Financial Statements, now available on NCUA’s YouTube channel, is a five-part series that discusses the balance sheet and income statement, key line items in each and the relationship between the documents. The videos also will help you know what questions, you, as a board member, need to ask staff about your credit union’s performance.

There is also a quiz at the end of the series, and viewers who pass that will receive a certificate of completion.

Understanding Financial Statements is part of a comprehensive series of educational videos developed for credit union board members by NCUA’s Office of Small Credit Union Initiatives. All the videos are available on the Small Credit Union Learning Center at http://go.usa.gov/x8NGx.