ICUL On Demand programming includes a recorded training presentation with handouts and resources for credit unions. These recorded training sessions are free of charge as a benefit of your membership with ICUL.
If you are interested in one or more of these recorded training sessions, please fill out the form below the session descriptions.
This training is designed to accomplish the training requirements for operational staff. The presentation describes CTR and SAR requirements, explains compliant recording of monetary instruments and fund transfers, provides the fundamentals of a strong BSA/AML/OFAC compliance program, illustrates how to apply member identification and enhanced member due diligence programs and provides details of a compliant information sharing process. The session also includes common examiner findings, steps to build a risk assessment and the latest in BSA trends.
Financial Literacy for Board Members
This session is intended to give Board of Directors the base knowledge needed to better understand a credit union’s financial situation and effectively serve the credit union and its membership. This session details the following principal components:
- Highlight Regulatory Requirements and Resources
- Review Board of Directors Responsibilities
- Evaluate Credit Union Financial Statements
- Analysis Key Ratios and Trends
- Examine Credit Union Risks
Supervisory Committee Training
The supervisory committee serves an important function in credit unions. It is tasked with asking the tough questions and following up on findings with management to ensure that remediation takes place. Members of the supervisory committee are known as the “Watchdogs” of the credit union and must ensure that they have a firm understanding of their roles and responsibilities.
In this session, participants will learn:
- The purpose of the supervisory committee
- The duties of the supervisory committee and
- What rules govern the supervisory committee
Financial Exploitation of the Elderly or Disabled Person(s)
Financial Exploitation training is now required in some states, including Illinois, for employees and officers with direct member contact. This program has been approved by the IDFPR and meets the training requirements you need.
This session covers:
- Illinois statutory protections
- Recognizing the indicators of financial exploitation
- Some of the common perpetrators of financial exploitation
- Financial record confidentiality and exceptions
- Where to report, when a confidentiality exception applies
- Suspicious Activity Reports / narratives / confidentiality
- Training and record-keeping requirements for current employees and new hires
Board Duties and Responsibilities
The governance role is key in operating a successful credit union. If done right, you’ll have a supportive, forward-thinking credit union where the directors bring innovative ideas and execute sound business decisions. This training is an overview of the duties and the responsibilities of the board of directors.