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4/30/2014 » 7/31/2014
2014 Webinar Series - Frontline

Financial Principles & Business Planning Workshop

MnCUN Financial Principles & Business Planning Workshop

Regardless of whether the country is in a period of recession, expansion or some stage in between, it is vital for credit union employees to have a firm understanding of financial principles. The Minnesota Credit Union Network's Financial Principles & Business Planning Workshop (formerly known as Financial Management School) blends theory with practical application to provide professionals with a thorough understanding of the fiscal aspects of the credit union.




Dates:May 5-7, 2014

Network office
1st floor Conference Room
555 Wabasha Street North
St. Paul, MN 55102

Time:8:30 a.m. – Registration & Continental Breakfast
9 a.m.-4:30 p.m. – Monday & Tuesday
9 a.m.-noon – Wednesday
Prices & Deadlines:

$729 Early bird pricing until Tuesday, April 15;
$779 pricing between April 16 – April 28


View Financial Principles & Business Planning School post card.


About the School

This training will develop a foundation of the basic financial principles and guide attendees on how to take that knowledge to the next level. Using their own credit union's financials, attendees will calculate, examine and discuss key financial ratios. The ratios will then serve as a basis for an analysis on the strategic issues and financial challenges facing their credit unions today and into the future. During the discussion, attendees will:

  • Perform a personalized analysis of their credit union's financials;
  • Engage in dialogue about the financial challenges facing today's credit unions;
  • Work through a mini-planning session for their credit union; and
  • Receive at least three new ideas that can be implemented at their credit union.

The cost of the workshop includes materials, breaks and lunches on Monday and Tuesday. As we will finish prior to noon on Wednesday, lunch will not be provided.

Who should attend?

The Financial Principles & Business Planning Workshop is geared toward those who directly or indirectly work to strengthen the credit union's bottom line. Attendees will learn the fiscal basics and receive instruction on how to utilize financial in the strategic planning process. Specific positions that will benefit from this school include:

  • Accounting
  • Branch Managers
  • Business Development
  • CFOs
  • CEOs
  • Human Resources
  • Lenders
  • Marketing
  • Operations
  • Technology
  • Volunteers
  • Crew Members

Reviews from Credit Unions

Individuals who attend this training in the past have returned to the credit union with a new perspective and a renewed passion. Don't take our word for it; the reviews from past attendees speak for themselves.
  • "Excellent speaker and very knowledgeable about topics and sharing with everyday scenarios.” – Accounting Assistant, greater Minnesota area credit union
  • "It’s info that credit union professionals need to know if they want their credit union to exist in the future” – Senior Financial Analyst, metro area credit union
  • "Good information for both the board and management team.” Senior Management, greater Minnesota area credit union
  • "Overall excellent information. Gives you the whole picture.” – Accounting Manager, metro area credit union
  • "The complete explanation of how to analyze financials and ratios, specifically the analysis of our individual credit union.” – Branch Manager, metro area credit union
  • "Jim has real clarity on what’s really going on inside credit unions.” - Branch Manager, greater Minnesota area credit union


About the Presenter

Jim Aho has been serving credit unions in various capacities since 1973. He holds a CPA certificate and travels throughout the United States providing education and management advisory services to credit unions of all sizes. In addition to writing numerous books and several of CUNA’s Volunteer Achievement Program modules, Aho is focused on helping credit unions grow to the "next level" through strategic planning, organizational restructure, staff development and training programs. Over the years he has worked with over 900 credit unions throughout the United States and is a frequent speaker at credit union meetings across the country.



Preparation for Event

Jim Aho asks that each credit union provide him with the following NCUA Call /5300 Reports in an XML format for:

  • Year End 2010;
  • Year End 2011;
  • Year End 2012;
  • Year End 2013; and
  • Year to Date 03/31/2014.

These reports are available to your credit union for download at the NCUA’s website. You may need to ask your CEO, CFO or Accounting Department to provide them to you. These reports can be emailed to Jim Aho's office or to
Sue Groskreutz, MnCUN Director of Education.


Items to bring to the Class

When you arrive at class on Monday, May 5, you will want to have the following items with you in paper form or electronically accessible (Wi-Fi and electrical outlets will be available):
  • Call Report Year End 2010;
  • Call Report Year End 2011;
  • Call Report Year End 2012;
  • Call Report Year End 2013;
  • Call Report Year to Date 03/31/2014;
  • Most current financial statements for Year to Date 2014;
  • 2014 Balance Sheet and Income Statement Budgets; and
  • A calculator.


Due to the length of the class on Monday and Tuesday, attendees will be unable to park in the Network’s guest parking lot. Wednesday, if space is available…no guarantees from us or something like that…attendees may park in guest parking. Below are some parking lots near the Network office:

Parking information can be found on Smart-Trips. Our office is located on the corner of Wabasha & 10th Street.


Lodging Options

There are a variety of lodging options available in the St. Paul area. Below are a few lodging suggestions. The Network does not have a housing block at any of these hotels, so there is no need to mention the Minnesota Credit Union Network when making your reservation.

  • Embassy Suites: 175 East 10th Street, St. Paul – (651) 224-5400
  • Hilton Garden Inn: 411 Minnesota Street, St. Paul – (651) 605-0263
  • Holiday Inn Downtown: 175 West 7th Street, St. Paul – (651) 225-1515


With questions about MnCUN's Financial Principles & Business Planning Workshop, contact MnCUN Director of Education Sue Groskreutz by email or at (651) 288-5521.

View the Financial Principles & Business Planning School postcard