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CUNA Board Financial Literacy Certificate

Trust CUNA to keep you informed on the latest regulatory changes that affect you and your credit union.

CUNA will ensure you're up to speed on the latest industry updates as they happen.

Do you have a plan? We do and we're here to help. 

By successfully earning your CUNA Board Financial Literacy Certificate, CUNA will ensure you're meeting the NCUA requirement that credit union volunteers have a proven level of financial literacy. Earn your certificate in one of four ways:

1. Attend any of the following schools or conferences and pass the associated exam:
CUNA CU Finance for Non-Financial Managers & Volunteers
April 7-9, 2014 • Hollywood, CA

CUNA Volunteer Certification School
September 21-26, 2014 • Vancouver, B.C.

2. Attend the following eSchool and pass the associated exam:
CUNA CU Finance for Non-Financial Managers & Volunteers eSchool (recorded)
Available March 4-December 31, 2014 
Six classroom sessions

3. Complete the following self study kit:
CUNA Board Financial Literacy Certificate Kit

4. Book an in-house training session:
Host a subject matter expert at your credit union for a presentation of targeted financial literacy curriculum. With this option, you'll enjoy no travel costs, comprehensive training, on-site testing and certificate recognition for those who pass the exam. For further information or too book your session, please contact Kevin Smith at 800-356-9655, ext. 4261 or send him an email.


NCUA Requirement

A recent requirement was issued by the NCUA imposing a new financial literacy rule. The mandatory level of financial literacy will depend upon each individual credit union’s complexity.

This requirement was issued as a result of an increasingly more complex financial industry landscape. Additionally, there has been a heightened concern over credit union losses and an escalation of sophistication of credit union finances. The NCUA would like to ensure that federal credit union directors have a sufficient working knowledge of their credit union’s financials going forward.

The significant points of this rule include:

  • Directors must have at least a working familiarity with basic finance and accounting practices
  • Directors must have the ability to read and understand their credit union’s balance sheet and income statement
  • Directors must be able to ask, as appropriate, substantive questions of management and the internal and external auditors
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2014 Schools & Conferences
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