The growing complexity of operations and expanding regulatory requirements necessitate the expansion of training and education for all individuals involved with credit union governance and operations. Senior Management, staff, and volunteers must maintain a contemporaneous understanding of their roles and responsibilities in this increasingly complex environment. Training requirements require specific options to fit the needs of each individual’s role within the credit union.
The League’s education and training programs in September and October reflect the variety of topics and delivery channels necessary and available for this training. In total, there were 26 training programs offered by the League in this two-month period with total attendance of 578 people. The programs included webinars (13), conferences (5), network sponsored events (3), Bank Secrecy Act (BSA) programs (3), and one-day topic specific programs (3). The diversity and number of programs reflects the training requirement needed to reach management, staff, and volunteers.
The challenging economic environment and the increase in regulations affecting financial institutions will continue to impact credit unions in the foreseeable future. These conditions will continue to increase the training and education needs of credit unions. The League is prepared to work cooperatively with member credit unions, the Credit Union National Association, the Filene Research Institute, and others to expand training options to meet the specific requirements of volunteers, staff, and management.