Serving on the board of a cooperative credit union is a high calling with many responsibilities. Our resources help to prepare directors for the challenge.
Training and development, networking opportunities, and regulatory updates are available for directors here.
Credit union Board Members are expected to understand increasingly complex fiduciary, business, legal, and regulatory issues, understand not-for-profit operational efficiencies and share the passion for their credit union’s rich community involvement.
NWCUA is currently working on a new approach to serving credit union board members here in the Northwest. Details on services, products and programs will be coming soon.
CUNA’s Board Financial Literacy Certificate. This certificate can be earned in one of three ways:
- Attend The CUNA Volunteer Certification School which goes beyond the basics to provide your Board Members with high-level training.
- Attendees also have the opportunity to become a Certified Credit Union Volunteer (CCUV) and earn the Board Financial Literacy Certificate. Get more details and see all that CUNA’s Volunteer Certification School has to offer.
- Complete six self-study CUNA Volunteer Achievement Program (VAP) courses including: Financial Reports for Volunteers, Managing Risk for Volunteers, Financial Management, Asset-Liability Management for Directors, The Basics of Risk Assessment for Volunteers, and Understanding Audit Reports.
CUNA’s Volunteer Network keeps members informed and connected with their credit union peers by providing exclusive access to current industry news and research. Learn more.
The NCUA Board requires that directors of federal credit unions meet or obtain minimum ability to read a credit union income statement and balance sheet. The required level of financial literacy will depend on the complexity of the credit union. More on the regulation can be found on this webpage.