GRID Lunch & Learn: Understanding Financials
March 14 at 11:30 am – 1:00 pm
As a growing professional, mastering a handful of financial key concepts today will prepare you for success tomorrow. In this session, attendees will review six main areas that drive credit unions financial success, allowing them to grow and invest in the future to remain competitive: acquiring and maintaining deposits, originating and maintaining the balance of loans, managing interest rates, generating income from other products and services, operating in a productive manner, and managing credit losses within tolerance. Attendees will also learn how income and expenses impact profitability while also diving into a handful of common ratios to provide context for day-to-day operations.
Speaker: Mike Higgins Jr., Partner at Mike Higgins & Associates
Mike Higgins, Jr. is a partner in the firm of Mike Higgins & Associates (MHA). His consultants work with clients in the financial services industry. His primary areas of focus are performance management, performance-based compensation, board education, and strategic planning to maximize member value. Mike is also a Filene Applied Research Advisor and has worked with over 300 community-sized credit unions and banks. He received his MBA from the University of Kansas and an undergraduate degree in finance from Nebraska Wesleyan University (NWU). While at NWU, Mike was an Academic All-American and was inducted into the NWU Athletic Hall of Fame.