Volunteer Training

HCUL Credit Union Volunteer Training

  • Credit Union Volunteer 101
    Learn the duties and responsibilities of board and committee members, fiduciary and governance matters, and other issues.  Decisions made by volunteers today will determine your credit union's future.
  • Credit Union Volunteer 102
    This session takes a deeper dive in best practices for members of a credit union's board of directors, supervisory, or credit committee.  This session benefits new and seasoned volunteers.  Because this session build on topics previously covered, completion of Credit Union Volunteer 101 is a prerequisite.
  • Credit Union Volunteer 201
    NCUA Board adopted a final rule requiring all directors of federal credit unions to be financially literate.  Gain a better understanding of accounting principles and your credit union's financial statement.
  • Credit Union Volunteer 202
    Focus is on more detailed analysis of credit union financial performance, including case studies of real credit unions.  This session helps hone skills to better analyze your own credit union's financial condition and operating performance.  Because this session builds on topics previously covered, completion of Credit Union Volunteer 201 is a prerequisite.
  • Bank Secrecy Act
    Boards need to understand the importance of Bank Secrecy Act (BSA) requlatory requirements, ramifications of noncompliance, and risks posed to the credit union.  Learn what can happen if the credit union does not comply with BSA, the U.S. Patriot Act, and the Office of Foreign Assets Control.
HCUL Exclusive Bank Secrecy Act Training and Strategic Planning
Your League offers Bank Secrecy Act (BSA) training for volunteers and staff and strategic planning sessions. If you are interesting in scheduling an exclusive training, please email Wendy Kishida at This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.
 
HCUL Video
If your volunteers are new to the credit union movement, curious about the credit union difference, please take a moment to view our video: The Credit Union Difference
 
CUNA Board Financial Literacy Certificate Kit
NCUA passed a rule that requires federal credit union volunteers to demonstrate a minimum level of competency in financial literacy. This kit offers extensive coverage of financial literacy topics for credit union volunteers. Included are all six of the CUNA Board Financial Literacy Certificate modules and exams. By successfully passing the exams for each module, you will earn your CUNA Board Financial Literacy Certificate.
 
  CUNA Volunteer Achievement Program
VAP self-study courses teach the philosophical and financial topics that board members and other volunteers need for their decision-making responsibilities. VAP is your credit union's key to strengthening the knowledge of volunteers on a wide range of topics from financial management to compliance to strategic leadership. Click here to select your training format (printed, online, or ebooks).  Click here for a list of certifications.
  CUNA Volunteer Certification Program
This program is designed to create a simplified approach to some rather complex subjects. It will provide you with a convenient, practical way to become certified in the areas of credit union operations, governance, compliance, and more. Plus, through your studies and taking the online exams, you'll earn your credentials as a Certified Credit Union Volunteer (CCUV) to prove you're an accountable credit union volunteer.

Volunteers can choose from two training tracks. If you're uncertain which area is ideally suited for your volunteer efforts, we'll help you select the right track and courses.

Board of Directors Track
Includes oversight of entire credit union operation and strategic planning.
Areas of Study: 
  • Safety and Soundness
  • Governance
  • CEO Oversight
  • Board Operations & Development
  • Strategic Planning
Supervisory Committee Track
Includes audits, risk assessments and other credit union issues.
Areas of Study 
  • CU Knowledge & Committee Governance
  • Annual Audit Requirements
  • Risk Assessments/Audit Plan
  • Internal Audit
  • Board Operations & Development

Pre-requisites
You must complete the exams for following three CUNA Volunteer Achievement Program (VAP) courses: History & Philosophy (V01), Financial Reports (V02) and Managing Risk (V03)

 
NCUA Duties of Federal Credit Union Boards of Directors
Certain provisions of NCUA final rule 701.4, General authorities and duties of Federal credit union directors, took effect on January 27, 2011. The purpose of this rule is to clarify and document the important duties of boards of directors of federal credit unions. This letter provides general information about directors’ duties, specifically focusing on the  financial skills requirements which will take effect on July 27, 2011.
 
  • General duties of directors
  • Basic financial skills required
  • Guidance on other director duties

NCUA Requirement
A requirement was issued by the NCUA imposing a new financial literacy rule. 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 directors have a sufficient working knowledge of their credit union’s financials going forward.

The significant points of this rule include:

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