ALEXANDRIA, Va. –NCUA is reporting itexpanded educational opportunities on its Learning Management Service (LMS) during 2020, and now offers more resources to help CUs grow and better serve members.
In 2020, NCUA said it added courses in five areas:
- Basics of lending
- Understanding share insurance
- Capital considerations for new credit unions
- Understanding financial statements
- Serving the underserved
Courses planned for 2021 include What Every Board Member Needs to Know and Bank Secrecy Act compliance, the agency said.
NCUA added the LMS also has webinars discussing a variety of topics from governance to best practices to regulatory compliance. In 2020, NCUA added webinars covering:
- Financial inclusion
- Payday alternative and small-dollar lending
- Establishing partnerships with NeighborWorks
- Export financing for small businesses
- Bank Secrecy Act and anti-money laundering regulations
“I encourage all credit union leadership and staff to look into the opportunities our Learning Management Service provides,” NCUA Chairman Rodney E. Hood said. “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.”
How to Ask Questions
NCUA said its staff can provide answers to any questions about registering with or using LMS services by contacting CURELMS@ncua.gov.
The NCUA launched the LMS in 2017, and the Office of Credit Union Resources and Expansion manages the site, which operates at no charge to its users.
“More than 1,900 credit union management and staff members have taken advantage of LMS courses and webinars, which are open only to credit union employees and volunteers and which require each user to create an individual account,” NCUA said.