Credit Unions
28 min! Run Time
Employees
only
of Completion
What you'll learn
Description
You probably know the basics of how a bank works, but the credit union is a different kind of financial institution. This course explains what it is, how it works, and who it serves.
What this course covers:
- What a credit union is and how it operates
- Who credit unions serve as member-owned institutions
- The various types of credit unions
- The role of credit union service organizations
A helpful introduction for anyone curious about how credit unions work and how they fit among financial institutions.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Credit Unions
Even though credit unions are cooperatives, they are still supervised and regulated. Their primary federal regulator is the National Credit Union Administration (NCUA). This course focuses on how the NCUA oversees credit unions.
What this course covers:
- How the NCUA charters, insures, regulates, and examines credit unions
- The role of the National Credit Union Share Insurance Fund (NCUSIF)
- How insurance reviews work for state-chartered credit unions
- The role of state regulatory agencies
Designed for credit union staff who need to understand NCUA regulation and share insurance.
Credit unions offer a wide range of services to their members, well beyond basic accounts and loans. This course walks through the amenities credit unions provide.
What this course covers:
- Savings products and transaction services
- Loan services for members
- Insurance and financial counseling
- Safe deposit boxes
- U.S. savings bond sales and redemptions
Helpful for credit union employees who want to explain the full menu of member services with confidence.
Despite their similarities as financial institutions, credit unions differ from banks in meaningful ways. This course helps you weigh one against the other.
What this course covers:
- The key differences between credit unions and banks
- Why someone might choose one over the other
- The pros and cons of credit unions
- The pros and cons of banks
Ideal for consumers and new financial staff deciding which type of institution best fits their needs.
Beyond your local or national bank sits another kind of financial institution: the credit union. This module gives an overview of what credit unions are and how they serve members.
What this course covers:
Well suited to learners who want a straightforward overview of the credit union model.