MADISON, Wis. (2/28/11)--A new pre-conference workshop has been added to the Credit Union National Association (CUNA) Volunteer Institute taking place May 1-4 in St. Thomas, Virgin Islands. The pre-conference workshop, set for April 30, will address the National Credit Union Administration's recently issued rule requiring that credit union directors be financially literate. The pre-conference curriculum aims tol help directors:
* Understand what it means to be financially literate; * Make sense of the balance sheet and income statement; * Understand capital; * Explore major risks every credit union faces; and * Ensure adequate internal controls over risk.
Participants will receive a handbook, a ratio formula sheet and a Board DashBoard template. Those who successfully complete the onsite exam will receive the CUNA Board Financial Literacy Certificate and pin. For more information about the pre-conference workshop, visit the link. To learn more about four other options to earn the certificate and the new requirement, use the link.