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Credit Union Board Financial Literacy Certificate

If you're a board member, here's how to stay informed of the regulatory changes you need to know

The NCUA requirement for credit union board members to display a proven level of financial literacy makes it crucial that you have the opportunity to do so. Through the Credit Union Board Financial Literacy Certificate, you can stay up to speed on the latest regulatory and financial climate changes to keep you informed and meet the requirements.

To earn this certificate, attend one of the following:

Exam information will be sent to you electronically within one week of registration.

Upon completion and passing of open book/open notes exam, we will send you your certificate electronically.

NCUA requirement

A mandatory financial literacy rule has been issued by the NCUA. 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 board members have a sufficient working knowledge of their credit union’s financials.

The significant points of this rule include:

  • At least a working familiarity with basic finance and accounting practices
  • The ability to read and understand their credit union’s balance sheet and income statement
  • The ability to ask, as appropriate, substantive questions of management and the internal and external auditors

See more solutions for board members

Need Help?
Need help accessing member pricing (available to both CUNA and NAFCU members)? Contact 800-356-9655 or hello@americascreditunions.org.

America's Credit Unions and your designation(s): 
Our commitment is to continue serving your professional development needs. Active, unexpired designations, and designations and training earned in 2024 will be fully recognized by America’s Credit Unions.