Course

Course Summary
Credit Type:
Course
ACE ID:
CUNA-0054
Location:
Classroom-based
Length:
6 hours of pre-work (pre-recorded online training). 34 classroom hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 4 Compliance Laws and Regulations or Business Law Ii
Description

Objective:

The course objective is to build a solid understanding and strong working knowledge of the NCUA structure and regulations, investment rules and share insurance; truth-in-savings, reserve requirements, electronic fund transfers, and collection of checks; the Bank Secrecy Act, IRS reporting and withholding, privacy regulations, and foreign transactions and bribery; lenders responsibilities and borrowers' rights, credit discrimination, mortgage disclosures, and real estate settlements; and truth-in-lending, Equal Credit Opportunity Act and debt collection.

Learning Outcomes:

  • Know where to look for specific details of each regulation
  • List the major requirements of each regulation
  • Understand how to use the sample forms included in the modules
  • Have the knowledge needed to keep their credit union's forms, procedures and marketing pieces in compliance with the regulations
  • Have an understanding of how each regulation affects credit union daily operations

General Topics:

  • NCUA requirements and guidance
  • Consumer lending regulations
  • Mortgage lending regulations
  • Deposit account regulations
  • General operations regulations
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Lectures

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials