NEW: NCUA video helps interested CU directors boost strategic skills

February 19, 2016

ALEXANDRIA, Va. (2/19/16, UPDATED 2 p.m. ET)--Credit union board directors who want to improve their strategic policymaking skills have a new tool from the National Credit Union Administration (NCUA). The agency today announced a new video module, “Credit Union Policies and Procedures,” along with a summary of best policy practices and resources.

This is the second in the NCUA's planned series of seven videos covering topics important to credit union directors.

Vanessa Lowe, an economic development specialist with NCUA’s Office of Small Credit Union Initiatives, narrates the three segments included in the newest module on policy development.  The video covers:

  • How a board is responsible for the development of key policies;
  • Major policies all credit unions should have in place; and,
  • Key differences between policies and procedures.

Viewers can take a test at the conclusion of the video to assess their knowledge. Finishing the quiz successfully earns that viewer a certificate of completion.