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CUNA council paper offers fin lit training
MADISON, Wis. (7/6/11)--The CUNA HR/TD Council is offering a "Financial Literacy Training for Directors" white paper to assist credit union directors with new requirements from the National Credit Union Administration (NCUA). NCUA established a set of guidelines for federal credit union directors to ensure they have "a base level of financial skills, consistent with the size and complexity of the credit union operation they serve." The requirements under NCUA Regulation 701.4 took effect on Jan. 27. The council's white paper outlines the new regulation and how credit union human resources and training staff can help make sure directors are successfully meeting their duties. CUNA Council members are entitled to complimentary copies of the council's white papers. Non-members can purchase the papers for $50 per copy. The papers are available in the white paper section of www.cunacouncils.org by selecting the "HR/TD" tabs.
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