Skills and Knowledge

A credit union Director will develop:

• The ability to communicate well with members, directors, managers, and staff.
• The ability to effectively participate in meetings and groups by: reading and preparing material for each meeting, asking questions raised by the material and contributing ideas regarding the topics under discussion.
• The ability to understand a financial report.
• Knowledge of the credit union system through compulsory and voluntary Director Training.
• Basic computer/technology competency.

Director Training

The Credit Union Director Achievement program (CUDA) is a national director training program designed to assist Directors in fulfilling their leadership roles as elected member representatives. All Directors must complete the 6 web-based tutorials in Level A of the CUDA program within one year of election of appointment.

LEVEL A - Director Orientation

Comprised of 6 web-based tutorials that cover an overview of the Credit Union System, Board's Role and Responsibilities. Director's Role and Responsibilities, Legal Basics, Financial Statements and Financial Metrics, Asset-Liability Management and Monitoring Credit Union Performance. The training also includes an on-line training session (Foundation of Governance in Theory and Action).

LEVEL B - Advanced Courses (Instructor Led)

The next level provides training on Board Development and Evaluation, Governance and Accountability, Strategic Planning, and Management Recruitment, Performance Planning and Evaluation.

LEVEL C - Elective Courses (Instructor Led)

The final level provides instructor-led courses in the area of credit and audit, among other provincial electives that are Offered.