The National Credit Union Administration (NCUA) has expanded its educational opportunities on its learning management service (LMS).
The organization launched its LMS in 2017 and operates at no charge for its users. More than 1,900 credit union management and staff members have taken the courses and webinars offered.
“I encourage all credit union leadership and staff to look into the opportunities our learning management service provides,” NCUA Chairman Rodney Hood said in a release. “LMS resources cover important subjects from basic training to advice on expanding services, all geared towards helping credit unions improve their efforts to provide affordable financial services.”
In 2020, the NCUA added courses in the basics of lending; understanding share insurance; capital considerations for new credit unions; understanding financial statements; and serving the underserved. It also added webinars on financial inclusion; payday alternative and small-dollar lending; establishing partnerships with NeighborWorks; export financing for small businesses; and Bank Secrecy Act and anti-money laundering (BSA/AML) regulations.
In the coming year, the NCUA plans to add more courses regarding BSA/AML compliance, and one course titled, “What every board member needs to know.”
“Providing training and other technical assistance to credit unions helps these institutions thrive and meet the evolving financial needs of their members and by extension, their communities,” the NCUA said. “This is one of the pillars of the NCUA’s financial inclusion initiative, ACCESS: Advancing Communities through Credit, Education, Stability, and Support.”