CU Learning TRAXX: How Can Credit Unions Foster Financial Stability in Their Communities?


As consumers navigate the long-term economic impacts of COVID-19, credit unions are innovating products and services to meet their members’ needs. Tomorrow, Northwest credit unions can attend CU Learning TRAXX’s first Community Impact and Financial Health session, Shifting to Recovery: Developing Data-Driven Strategies to Impact Member Financial Health.

Financial Health Network’s Brenton Peck will take a deep dive into financial health data as well as how credit unions can use it to drive forward strategies to positively impact their members’ and communities’ financial health. Credit unions will learn how COVID-19 is impacting communities and walk away from the session with tangible ways they can support members in the long-term. Participants attending the live session will be able to earn one CPE credit.

Peck, Program Team Director at FHN, has a strong passion for helping his clients define their financial health strategy, assess the rapidly changing marketplace, and develop high-quality products and practices. Honing his expertise at the Filene Research Institute, JPMorgan Chase, and Wells Fargo, Peck leverages that experience to help organizations structure and execute projects that are designed to improve the financial health of their business and their members.

“Before the pandemic hit, our communities were already financially vulnerable to economic shock. Now, members are looking to their credit unions to help them prepare for the economic uncertainty of the future,” said Claire Hendrix, Program Director, Northwest Credit Union Foundation. “Peck’s years of experience in research and consulting make him a valuable resource to Northwest credit unions as they navigate this work and look for strategies to improve the financial health of our communities.”

Explore the Foundations of Finance

The next session in the Directors’ Only Series, Credit Union Finance for Board Members, will also kick off tomorrow with speaker Tim Harrington, President of TEAM Resources, a firm that provides consulting, strategic planning, and training to financial institutions across the country.

Harrington will delve into foundational financial concepts critical to evaluating the fiscal impact of strategic decisions. From balance sheets to key ratios, he’ll explore the most important metrics used by credit union leaders to guide and provide oversight to their credit unions. This session also offers one CPE credit for those attending live.

Harrington is a Certified Public Accountant who has consulted with financial institutions since 1992. He’s been President of TEAM Resources since 1996 and is a faculty member of two national credit union schools on governance and management. Throughout his career, Harrington has spoken to hundreds of thousands of directors, executive management, and staff throughout the globally.

The first session of the Directors’ Only Series, Leadership Recruitment: Attracting and Retaining Talent that Reflects your Community, held Aug. 5, is now available for viewing on-demand.

Haven’t signed up for CU Learning TRAXX yet? There’s still time to register for an All-Access Pass! With this option, every staff member at your credit union has access to all 42 CU Learning TRAXX sessions, including on-demand recordings for sessions that have already passed.

Information on upcoming sessions and speakers are added daily, so visit CU Learning TRAXX online often for the newest updates.

Have a question about CU Learning TRAXX? Email us!

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