ALEXANDRIA, Va. – In the wake of new rules for credit union board members, NAFCU is stepping up its financial literacy training programs for volunteer directors.
The trade association said it will be placing greater emphasis in this area following NCUA’s approval of a new financial literacy rule for volunteer credit union directors requiring for the first time that each director obtain a minimum ability to read a credit union income statement and balance sheet.
Financial literacy will take on a greater focus at NAFCU’s annual volunteer’s conference May 18-20 in Savannah, Ga. The trade association also offers online training tools and a new webinar will be held Feb. 2.
