Management of Financial Institutions, as a class, is essentially exactly what it sounds like it would be. The meat of what we learned had to deal with the differences between different kinds of financial institutions, namely banks, credit unions, insurance agencies, and finance companies. We learned how each one runs; how they make money, how they are managed, and how to tell if they are healthy as an institution.

In addition to that, we learned about the different regulatory bodies that regulate each type of institution. As I mentioned last time, the FDIC is the regulatory body that regulates banks. Others include the National Credit Union Association, the Securities Investor Protection Corporation, and individual state agencies that regulate insurance companies.

Next time I will talk about the big bank project that we did for this class!