Seat Time: 0.25hrs
This course will introduce the learner to the various provisions and guidelines of the Federal Credit Union Act (FCUA). The course will familiarize the learner with aspects of the FCUA, such as dual chartering and the Central Liquidity Facility (CLF). After completing this course, the learner will understand:
- The differences between the two types of CLF membership.
- The difference between federally and state chartered credit unions.
- The services that the FCUA allows credit unions to offer members.
T1. CU:Federal Credit Union Act: This topic will provide the learner with provisions associated with the Federal Credit Union Act (FCUA) of 1934, including a distinction between federally and state chartered credit unions, and the function of the Central Liquidity Facility.