On-Demand Training Video Series Helps New Committee Members Understand Their Roles and Responsibilities
ALEXANDRIA, Va. (Sept. 13, 2013) – The National Credit Union Administration (NCUA) announced today that it has developed a new series of training videos designed to give supervisory committee members at small and low-income credit unions a better understanding of their role and responsibilities.
“NCUA is committed to providing training and support to small and low-income designated credit unions so they are able to continue to meet the needs of their members,” said NCUA Board Chairman Debbie Matz. “We chose the supervisory committee as our target audience because of the critical role these committee members play in ensuring the safety and soundness of the credit union. Our intent is that by providing free, accessible training it will be easier to recruit volunteers and increase the effectiveness of committee members.”
The video series is available here.
The Office of Small Credit Union Initiatives created this new training series, which includes six different modules, all 10-minutes in length or less, addressing such topics as monitoring management activities, annual audits, verification of member accounts, and handling member complaints.
NCUA will release additional operational and regulatory training modules in 2014.
NCUA’s Office of Small Credit Union Initiatives fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions and credit unions with a low-income designation.
NCUA is the independent federal agency created by
the U.S. Congress to regulate, charter and supervise
federal credit unions. With the backing of the full
faith and credit of the United States, NCUA operates
and manages the National Credit Union Share
Insurance Fund, insuring the deposits of nearly 100
million account holders in all federal credit
unions and the overwhelming majority of
state-chartered credit unions. At
Pocket Cents, NCUA also educates the public on consumer protection and financial literacy issues.