ALEXANDRIA, Va. (9/16/13)--Small and low-income credit union supervisory committee members have a new resource to help them better grasp the roles and responsibilities of their positions. The National Credit Union Administration last week released a series of online supervisory committee training modules.
The agency is "committed to providing training and support to small and low-income designated credit unions so they are able to continue to meet the needs of their members," NCUA Chairman Debbie Matz said in a release.
Matz said the NCUA chose supervisory committee members as a target audience because of the critical role these committee members play in ensuring the safety and soundness of the credit union. "Our intent is that by providing free, accessible training it will be easier to recruit volunteers and increase the effectiveness of committee members," Matz added.
The video series is broken up into six modules of 10 minutes or less.
Topics addressed include monitoring management activities, annual audits, verification of member accounts, and handling member complaints. The training resources were created by the NCUA's Office of Small Credit Union Initiatives.
More training modules will be released in 2014, the NCUA said.