News from the Delaware Credit Union League Winter 2007 - 2008


NEW ON-DEMAND TRAINING FOR VOLUNTEERS NOW OFFERED BY CUNA


   Credit union volunteers can receive on-demand training in some of the most critical issues for board and committee members though the new CUNA Training on Demand educational offerings.
   Each downloadable ”Training on Demand” package consists of a 30-45 minute video-like training presentation, printable workbooks, and five online exams for optional testing. The portable presentations can be saved to a computer, DVD, or USB drive and used an unlimited amount of times.
   The current library of Training on Demand topics includes:
  • Bank Secrecy Act for Volunteers (stock number VC101P) — This presentation provides a relevant overview of BSA including the specific actions that the board must actively keep up with, such as BSA policy, risk assessment, ongoing training, and Suspicious Activity Report filings.

 
  • A Board Governance Approach: What to Do When Things Go Wrong (stock number VC102P) — This presentation offers some potential pitfalls the board should keep in mind — such as low CAMEL scores, declining capital or low profit, poor planning, declining membership, and more — and when and how to approach them.
  • The Supervisory Committee's Role in the Due Diligence Process (stock number VC103P) — This presentation outlines how to keep track of all the necessary details for choosing the right vendor to deliver quality products and services to members while making sure there is adequate transparency and ongoing communication.
  • The Basics of Risk Assessment (stock number VC104P) — This presentation teaches how to identify and determine what the supervisory committee's priorities are regarding risk and to evaluate methods of controlling risk.
 
  • The Supervisory Committee's Role in Finding Fraud (stock number VC105P) — This presentation goes beyond the basic duties to reveal potential areas of concern such as cash, loans, credit cards, share draft accounts, dormant accounts, general ledger accounts, repossessed collateral, investments, and the Internet. It also covers how to determine the level of risk for different areas and how to develop a method for prioritizing risks and monitoring activity.
  • 10 Ratios Every Volunteer Should Know (stock number VC106P) — This presentation explains the ratios on the credit union's financial statements to make them more understandable and useful. It also shows how to identify the possible red flag ratios and what they can reveal when it comes to risk management.
Each topic sells to credit unions for $199. For more information, go to training.cuna.org, and select the "Training on Demand" link.

 

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