Make Sure Your Credit Union Meets NCUA's Fiduciary Duties Requirement
NCUA's fiduciary rule sets the expectation that federal credit union directors become financially literate within six months of their election or appointment. NAFCU's Online Training program is an affordable and convenient program that's designed specifically to help directors meet this expectation, and now includes a "Financial Literacy for Volunteers" module. One low subscription price gives your ENTIRE credit union access for 365 days, plus 30-day money-back guarantee!
For a sneak peak of the training, click here to
watch the demo!
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“NAFCU’s Online Training program is very well done! It contains great information at just the right level and length, and has been very effective for us. The information has also been useful as we develop a relatively new risk management function at Campus Federal. “
- Jane Verret, VP - Risk Management, Campus Federal Credit Union |
Your credit union will benefit from:
1) Unlimited Access - Your entire credit union will have one full year of unlimited access to all training modules.
2) Affordable Pricing - Subscription pricing based on the size of your credit union.
3) Essential Education- The modules cover essential BSA and asset liability training along with overviews of the regulation and examination of credit unions.
4) Optional Testing - At the end of each module, participants have the option to benchmark their understanding of the material.
5) Instant Documentation - You’ll receive a full transcript of the content that can be used to document training with your examiner.
6) Group and Individual Settings - Each training module has flexible “group” and “individual” settings to choose from.
7) NAFCU’s Compliance Seal of Approval - All content is developed by the knowledgeable industry experts in NAFCU’s Compliance Division.
8) New Staff Challenge Solved - Included with your subscription are four staff training modules, perfect for acclimating new employees to credit unions, training them on BSA, privacy, security, ID theft and share insurance.
Board and Committee Member Training Modules
1) Financial Literacy for Volunteers (1 hour)
2) The Nature, Foundation and Organization of Federal Credit Unions (33 minutes)
3) The Role of a Federal Credit Union’s Board (34 minutes)
4) The Role of the Supervisory Committee (33 minutes)
5) Ethics and Fiduciary Duties (26 minutes)
6) The Regulation of Federal Credit Unions (23 minutes)
7) The Examination of Federal Credit Unions (38 minutes)
8) Risk Management (36 minutes)
9) Privacy, Security and Identity Theft (19 minutes)
10) The Bank Secrecy Act, Money Laundering and Financial Crime (44 minutes)
11) Asset Liability Training (35 minutes)
12) Discrimination Issues for Credit Unions (32 minutes)
New Employee Training Modules
1) Introduction to Credit Unions (33 minutes)
2) Bank Secrecy Act Training (44 minutes)
3) Privacy, Security and Identity Theft (19 minutes)
4) Share Insurance (26 minutes)
5) Discrimination Issues for Credit Unions (32 minutes)