Though the operational aspects of ALM are management's responsibility, directors have the duty to understand ALM's impact on the credit union, and if needed, revised ALM directions and policies. This course will help you understand and evaluate the ALM actions taken by management.

Contents
• Foundations of Financial Analysis
• Managing the Impact of Changing Interest Rates on Net Income
• Managing the Impact of Changing Interest Rates on Capital
• Managing Liquidity Risk
• Regulatory Issues Related to ALM
• Sample ALM Policy

By successfully completing the optional exam, you can earn 2 credits for the CUNA Volunteer Certification Program (Level 1, Safety & Soundness) toward your Certified Credit Union Volunteer designation.