Join us in this insightful episode as Grant Sheehan, CCUE | CEO of the National Council of Firefighter Credit Unions (NCOFCU), interviews Michael McCormick, chairman of the San Diego Firefighters Federal Credit Union. Dive into the essentials of credit union governance and operational efficiency, focusing on the critical role of Profit and Loss (P&L) statements. Learn why understanding these financial documents is vital for directors in making informed decisions that impact the overall health and strategic direction of credit unions.

Discover key components of the P&L statements that directors must prioritize, and understand how financial literacy and regular reviews contribute to better governance. Gain insight into the duties and liabilities of credit union directors, and explore best practices for effective financial oversight.

This episode offers invaluable guidance for anyone involved in credit union governance, reinforcing the importance of continuous education and strategic collaboration between directors and management to serve members better.

Please go to our website www.NCOFCU.org "Education Tab"   and review what we have to offer as to training.