This release applies to all credit unions, both state and federal. It describes the training topics that are either required or recommended for credit union staff, management, and volunteer officials.
This release outlines federal and state laws training requirements and recommendations for Wisconsin credit unions. Even when not legally required, training is often a best practice and a practical necessity for the safety and soundness of credit union operations.
Examiners can cite credit unions if staff, management, and volunteer officials are not properly trained to comply with the legal requirements that relate to their duties. In addition, proper training can help credit unions avoid member complaints, damaging publicity, losses, and litigation.