Board of Directors Financial Literacy
Directors are required to:
• have at least a working familiarity with basic finance and accounting practices
• have the ability to read and understand their credit union’s balance sheet and income statement
• have the ability to ask, as appropriate, substantive questions of management and the internal and external auditors
• have an understanding of the risks involved with each of their products and service
To that end, we bring you two sessions, Credit Union Income Statements and Credit Union Balance Sheets
Income statements are simplified and broken down to ensure that all board members will understand the effects their votes have on the credit union's profits or losses.
Balance sheets are simplified and broken down to ensure that board members will understand the effects their votes have on the credit union's net worth ratio.
Both presentations is written for board members who are not accountants.
Harry Black is a former stockbroker with Merrill Lynch who has been studying investments and economics for over 30 years. He holds a Master of Business Administration degree from Mississippi College and an Industrial Engineering degree from Mississippi State University.
Harry receives excellent feedback on the entertaining and educational presentations he makes to national and local credit union conferences. He makes financial topics and investment training interesting, entertaining and easily understandable. He has been called the MacIntosh of money because he presents information credit unions need in such a user friendly way.
Harry has been a member of Mississippi Telco Federal Credit Union since 1977 and has been on the Board of Directors since 1994. He is Treasurer and chairman of the Asset Liability Management Committee and is a key contributor for financial decisions for his $165 million credit union.
James M. Olson
The CIA and the War on Terror
James Olson, the former Chief of CIA counterintelligence, will describe his undercover experiences in the CIA and how the CIA today is on the front lines of the war on terror. Among other topics, he will discuss how he was selected by the CIA, the training he received, what it was like to live and work undercover, and how this difficult and sometimes dangerous lifestyle affected his marriage and children. (Mr. Olson’s wife Meredith was also a CIA officer). Mr. Olson will take you on an actual operation he was involved in in Moscow that has recently been declassified. At the end of his talk, he will be happy to take questions on what he discussed or on current events.
James M. Olson is on the faculty of the Bush School of Government and Public Service at Texas A & M University, where he teaches courses on intelligence and national security. He served his entire career in the CIA’s Directorate of Operations. His career highlights include serving as the chief of CIA counterintelligence at CIA headquarters and in overseas assignments in Moscow, Vienna, and Mexico City. He lives in College Stations, Texas.
Born in LeMars, Iowa. B.A. (mathematics and economics), University of Iowa. J.D. (international law), University of Iowa. Member of Iowa Bar. U.S. Navy (attained rank of Lieutenant Commander, USNR).
Career officer in the Directorate of Operations of the Central Intelligence Agency, serving mostly overseas in clandestine operations. Served as Chief of Counterintelligence at CIA Headquarters in Langley, Virginia. Overseas assignments in the U.S.S.R., Austria, and Mexico. Foreign languages: French, German, Russian, and Spanish.
Recipient of the Intelligence Medal of Merit, the Distinguished Career Intelligence Medal, the Counterintelligence Excellence Medal, the Donovan Award, and several distinguished achievement awards. Awarded the Silver Star Award at the Bush School for excellence in teaching.
Experience in international affairs, economics, trade negotiations, intelligence support to the military and the law enforcement community, counterintelligence, counterterrorism, counternarcotics, and technical collection systems; senior intelligence advisor to several U.S. ambassadors; extensive liaison with the State Department, Treasury Department, FBI, Pentagon, NSC, NSA, DEA, INS, and U.S. Congress.
Author of “The Ten Commandments of Counterintelligence,” Studies in Intelligence (Unclassified Edition), Fall-Winter 2001. Author of Fair Play: The Moral Dilemmas of Spying (Potomac Books, September 2006).
|Thursday||October 17||Golf Tournament||8:00 a.m.|
|Golfers' Lunch||Following tournament|
Welcome Dinner and
|Friday||October 18||Breakfast||7:45 a.m.|
|General Session||8:45 a.m. - 10:15 a.m.|
|General Session||10:45 a.m. - Noon|
|Lunch||Noon - 1:00 p.m.|
|General Session||1:00 - 2:00 p.m.|
|General Session||2:15 - 3:15|
|Saturday||October 19||Breakfast||7:45 a.m.|
|General Session||8:45 a.m. - 10:15 a.m.|
|General Session||10:30 a.m. - Noon|
Location and Lodging
Music Road Hotel
303 Henderson Chapel Road
Pigeon Forge, TN 37863
Check in: 4:00 p.m.
Check out: 11:00 a.m.
Reservation Cut-Off Date
September 25, 2013
A note about rooms
Often hotel rooms book up fast and some folks find themselves on a waiting list for rooms. Usually we can accommodate everyone on the lists. So, if you find you have reserved more rooms than you will need, please do not cancel them. Contact Trish Patterson at email@example.com or 800-572-7359, extension 1208. Provide the name of the hotel, the type of room and the nights reserved.
The Sevierville Golf Club
1444 Old Knoxville Hwy
Sevierville, TN 37876
Fee includes green fee, cart, practice range, lunch, beverages on the course, prizes and goodie bags.
Two guest packages to choose from:
Thursday night dinner and entertainment
Friday morning breakfast and afternoon lunch
Saturday morning breakfast
|Package B:||Thursday night dinner and entertainment only||$75|
Registration $699; Early Bird rate: $599 if received by October 3.
CUs with assets less than $5 million, free (not including guests or golf)
Guest Package A: $149
Guest Package B: $75
Golf $129 per player (includes green fee, cart, practice range, breakfast, lunch, beverages, prizes and goodie bags )
Registration is limited to league-affiliated credit union personnel and their directors. Guest registration excludes credit union personnel, credit union directors, vendors and exhibitors. Golf is limited to registered attendees and registered guests.
Business casual. Be sure to bring a sweater, as personal comfort levels vary.
Registration Form (PDF)
Online Registration Form
Questions or Special Needs
Call your CU Information Center at 800-572-7359 or 423-899-2425, extensions 1209 or 1208. Or e-mail Leisa Massingill at firstname.lastname@example.org or Trish Patterson at email@example.com.
Refunds will be issued until 10 days prior to the conference, less a $50 administration fee per person. Substitutions accepted anytime. All cancellations and substitutions must be submitted in writing.
|Tennessee Credit Union League
P.O. Box 21550
Chattanooga, TN 37424-0550
Phone: 423-899-2425 or 800-572-7359