Credit unions that need to bring board members up to speed on financial literacy in time to meet new NCUA regulations can use a one-hour program designed by the agency.

The $15 training module explains financial issues relevant to credit unions in a manner that is aimed to be understood by non-financial experts, according to the agency.

The financial skills requirement for FCU directors, which was approved by the NCUA Board earlier this year, takes effect on July 27.

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