Through the National Credit Union Administration’s realignment, the Office of Credit Union Resources and Expansion (CURE) has been formed to assist credit unions in their strategic growth initiatives. CURE combines chartering, field-of-membership, and low-income designation requests with resources available that support credit union outreach initiatives. Resources include online curriculum available through a Learning Management Service, access to Community Development Revolving Loan Fund grants and loans, and the Community Development Financial Institution Fund streamlined certification application.
his video series uses role plays to demonstrate and discuss strategies to ensure board meetings are effective. Effective meetings are those where all directors engage in healthy discussion, inquiry, and deliberation, resulting in decisions that support the members and the safety and soundness of the credit union. The four modules cover issues such as meeting agendas, minutes, and ongoing leadership recruitment and development. .
This five-part series describes each key ratio, what it measures, and what trends signal improving or declining financial health. These videos build on knowledge learned in the “BOD 7: Understanding Financial Statements” video series. In combination, these two series will help board members to effectively engage in financial discussions, trend analysis, and decision-making for their credit unions.
As a board member one of your key roles is fiduciary, which means being responsible for managing the credit union’s assets. To make good decisions about those assets you need to understand and interpret credit union financial statements. After reviewing this module you’ll have an understanding of the balance sheet and income statement, key line items in each, and the relationship between the documents. The module also includes financial statement discussion scenarios. Review this module to learn how to manage your fiduciary responsibility.
Strategic planning provides a roadmap of goals and objectives a credit union will follow to achieve future success. In this educational series you’ll learn about the process, how to engage all board members, and a sample strategy for successfully completing and implementing goals identified in the process.