CU Insight

FOR IMMEDIATE RELEASE
July 5, 2011

Contact:
Jenny Jackson
CUNA Councils
800-356-9655 ext. 4102
jjackson@cuna.coop

Madison, Wis. – NCUA has established a set of guidelines for federal credit union directors to ensure that they have “a base level of financial skills, consistent with the size and complexity of the credit union operation they serve.” These requirements under NCUA Regulation 701.4 took effect January 27, 2011.

A new HR/TD Council white paper, “Financial Literacy Training for Directors,” outlines the new regulation and how credit union human resources and training staff can help their credit union make sure directors are successfully meeting their duties.

CUNA Council members are entitled to complimentary copies of these and more than 200 white papers; non-members may purchase the white papers for a price of $50 per copy. 

The papers are available online in the white paper section of www.cunacouncils.org – select the “HR/TD” tab for both.

# # #

CUNA HR/TD Council

The CUNA HR/TD Council is a member-led organization made up of more than 700 credit union HR and training professionals across the United States. The Council strives to provide superior educational and networking opportunities to help its members to become leaders and decision makers in their organizations. The CUNA HR/TD Council is of the six organizations that make up the CUNA Councils, a network of more than 4,750 credit union professionals.  For more information, visit www.cunahrtdcouncil.org or www.cunacouncils.org.