Wednesday 17, 8:30 am: Launch of Calendar of Events & Special General Meeting
Radisson Hotel, Wrightson Road, Port of Spain
Tuesday 20, 9:30 am: Compliance Officers' Round Table (The Compliance Challenge)
Banquet & Conference Centre, Cascadia Hotel, St Anns
Tuesday 27, 9:30 am: IFRS 9 Workshop
To be determined
The World Council of Credit Union’s PEARLS Monitoring System is one of the tools to combine a powerful relational database with an internationally proven methodology for improving operational efficiency in credit unions. PEARLS provides credit union managers with concise, easy-to-read reports that reveal institutional strengths, weaknesses and trends. It also offers a strategic business planning tool to help managers implement change. The PEARLS Monitoring System includes:
E ffective Financial Structure
A sset Quality
R ates of Return & Costs
S igns of Growth
Protection is measured by comparing the adequacy of the provisions for loan losses against the amount of delinquent loans.
Measures credit unions’ assets, liabilities and capital. Credit Unions are encouraged to maximize earning assets as the means to achieve sufficient earnings.
PEARLS indicators are used to identify the impact of non-earning assets by analyzing delinquency ratios, percentages of non-earning assets and the financing of non-earning assets.
PEARLS system helps management calculate investment yields and evaluate financial costs and operating expenses.
Liquidity is traditionally viewed in terms of cash available to lend. Liquidity now refers to cash needed for withdrawals.
Growth is measured in seven key areas: total assets, loans, savings, deposits, external credit, shares, institutional capital and membership.