This series will discuss training board members, understanding financial statements, conducting effective board meetings, understanding key ratios and trend analysis, developing operational policies, understanding examination concerns and strategic planning and more. The sessions will provide a better understanding of what board members should know to effectively and efficiently provide oversight to credit unions.

These Webinars are cost free as a benefit of membership. Please click on the link for each webinar to view:

What Every Board Member Should Know
Understanding the keys to effective board management are the thrust of “What Every Board of Director Should Know,” the first in a series of educational videos exclusively for credit union boards of directors. This module will cover developing a sound governance program, evaluating and supporting the manager and reviewing the qualities of an effective and ineffective chairman.

Quiz: What Every Board Member Should Know

Policies and Procedures
Comprehensive policies and procedures are an integral part of overall credit union strategic management. The video series “Credit Union Policies and Procedures” explains the role of the board of directors in ensuring the accuracy and clarity of a credit union’s key strategic policies. This is the second of seven in a series of videos covering important credit union board member topics.

Handout: Policies Module – Sample Policy Components and Resources

Quiz: Policies and Procedures

Mergers are commonplace in the credit union industry today. Some of these mergers are successful, others are not. This educational video series will look at mergers primarily from the merging credit union’s perspective. The series will cover current trends in mergers, help management determine a when merger is in the best interest of the credit union, and give practical advice on how to negotiate a merger agreement that best serves the credit union’s interests.

Quiz: Mergers

Succession Planning
Succession planning is a critical component of a credit union’s overall strategic plan. It ensures that the appropriate personnel are available to execute the rest of the credit unions strategic plan and mission. But for a variety of reasons, it is often overlooked and undervalued. This video series will help management develop a succession plan that keeps the credit union on track to achieve their strategic goals during the inevitable periods of management transition.

Quiz: Succession Planning

Understanding the NCUA Examination
This series explains the purpose, process, and components of the NCUA examination. Included are key resources all board members should review in preparation for the exam, and components of ongoing monitoring that credit unions should implement to improve the examination results. Board members will have a high level of understanding about the NCUA exam after reviewing this module.

Quiz: Understanding the NCUA Examination

Strategic Planning
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.

Quiz: Strategic Planning

Understanding Financial Statements
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.

Quiz: Understanding Financial Statements

Credit Union Finance 101 
Investment:  Benefit of membership
Understanding your credit union's financial condition is a key responsibility of volunteers. During this session you'll gain new understanding of the balance sheet and income statement, explore important key ratios, and learn to analyze key financial trends.
Run time: 63 minutes ▪ Screen resolution: 1024 x 768

Understanding Board Reports
Upon starting this webinar, please double click the green screen to display image.
Investment:  Benefit of membership
This webinar will help you adequately perform your functions as a credit union volunteer as well as minimize the risk of lawsuit, you must regularly attend and actively participate in board meetings. Upon completion of this webinar you will be able to identify major types of financial reports that should be included in the monthly packet, as well as their purposes. You will also understand the need for, and major components of, other types of board and committee reports.
Run time: 60 minutes ▪ Screen resolution: 1024 x 768

Asset Liability Management 101
Investment:  Benefit of membership
Asset-liability management involves recognizing and mitigating financial risk. During this session, you'll better understand ALM basics, learn to identify risk, and review the key duties and responsibilities of the ALM Committee (ALCO).
Run time: 58 minutes ▪ Screen resolution: 1024 x 768

Directors can also complete six self-study CUNA Volunteer Achievement Program (VAP) courses on their own schedules. For more information, visit CUNA's website at

Note: In talking to many NY credit union leaders, we find that there is confusion regarding what exactly NCUA is looking for. In addition, many credit unions are receiving offers from outside organizations that go beyond the scope of what NCUA is requiring. Simply put, the NCUA is looking for directors to demonstrate a minimum level of competency in financial literacy. They are not requiring directors to attain specific certifications or designations.