Banker’s Academy Deploys Training Program to Meet NCUA Financial Literacy Requirements

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  • 8/7/2019 Bankers Academy Deploys Training Program to Meet NCUA Financial Literacy Requirements

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    Bankers Academy Deploys Training Program to Meet NCUA Financial Literacy Requirements

    Edcomm Bankers Academy has recently deployed training to meet financial literacyrequirements recently released by the NCUA.

    New York, NY, March 11, 2011 -- Edcomm Bankers Academy has recently deployed trai

    ning to meet financial literacy requirements recently released by the National Credit Union Administration (NCUA). With 24+ years of experience serving the industry, Bankers Academy quickly assessed the requirements and packaged a course using existing content from its over 5,000 courses that will ensure that credit union directors are well equipped with the necessary training and knowledge required by the NCUA.

    In February 2011, the NCUA released a Letter to Credit Unions, No. 11-FCU-02, detailing specific financial literacy requirements for Federal Credit Union (FCU)directors which will take effect on July 27, 2011. According to the Letter, Credit Union directors should have a base level of financial skills consistent withthe size and complexity of the credit union operation they serve, including the

    ability to analyze a credit union

    s balance sheet and understand specific financial activities that their credit union takes part in, as well as a complete knowledge of all risks. NCUA examiners will look for evidence of comprehensive financial training during their inspections.

    Edcomm Bankers Academys comprehensive financial literacy training program teachescredit union employees the knowledge and skills they need to meet NCUA requirements and satisfy examiners. Delivered in an interactive, highly-participatory format, the program will cover different types of risks including credit, interestrate, market, reputational compliance, etc. Participants will also learn how toevaluate and understand the portions of balance sheets, income statements and cash flow statements, how to understand basic accounting principles, and much more.

    In addition to this program, Banker

    s Academy offers many more courses for credit unions that cover areas such as the Bank Secrecy Act (BSA), Anti Money Laundering (AML), ATM operations, branch security, business writing, communication, compliance, Equal Employment Opportunity (EEO), Elder Financial Abuse, ethics, fraud prevention, Human Resources (HR) compliance, Health Savings Accounts (HSAs), information security, Individual Retirement Accounts (IRAs), member sales, memberservice, risk management, performance management, leadership, consumer lending,and more.

    For more information about programs like this, or to find out how The Edcomm Group Bankers Academy can customize any training program, log onto www.bankersacadem

    y.com or call +1.212.631.9400.

    The Edcomm Group Bankers Academy is a 24-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providingbottom-line results. The Edcomm Group Bankers Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, online bank training and classroom instruction, multimedia production and online and print based documentation. Edcomm Banker

    s Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

    The Edcomm Group Banker

    s Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.

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    Contact :Dr. Linda EagleEdcomm Bankers Academy21 Penn Plaza, Suite 1010New York, NY 10001, USAFax: 212.631.0659+212.631.9400

    linda.eagle@edcomm.comhttp://www.bankersacademy.com

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