Professional Certificate in Credit Union Risk and Compliance (CUC)

Why the CUC?

 

The Credit Union Compliance (CUC) designation provides practical learning material that reflects the significant legislative changes to the Credit Union regulatory structure and incorporates all aspects of the 2012 Credit Union and Co-Operation with Overseas Regulators Act.

To be awarded  the CUC designation by LIA, you must register for and successfully complete a two module educational programme offered by LIA’s academic education partner, the Institute of Banking which is a recognised college of University College Dublin (UCD). Those who successfully complete this two module programme are awarded the Professional Certificate in Credit Union Risk and Compliance by UCD – a 10 ECTS (European Credit Transfer and Accumulation System) qualification at level 7 of the National Framework of Qualifications.

The programme leading to the CUC designation provides practical learning material that reflects the significant legislative changes to the Credit Union regulatory structure and incorporates all aspects of the 2012 Credit Union and Co-Operation with Overseas Regulators Act.

The Credit Union Governance & Risk textbook is cross-referenced throughout with specific Acts, Regulations, RCU requirements and Guidance Notes. As such, it is an invaluable resource for anyone working in a compliance or risk management role in a Credit Union.

Course Aims

After successfully completing the course you will understand:

  • the statutory functions, responsibilities and reporting obligations of certain functions within a Credit Union
  • the general governance and regulatory obligations of a Credit Union
  • why governments regulate financial services providers
  • the main functions and powers of the Central Bank, the Registrar of Credit Unions and the Financial
  • Services Ombudsman
  • the main requirements of the Central Bank’s Minimum Competency Code and the Consumer Protection Code applicable to financial services providers, including Credit Unions acting as insurance intermediaries


Eric Handbridge, CUC

It’s become more and more important for us in the Credit Union movement to be fully compliant with the Central Bank’s fitness and probity standards and keep up-to-date with regulation. I decided to go with LIA’s course route as it has provided me with the perfect platform and opportunity to become qualified to the required level.

Next Exam Session:
September 2017
Close Off Date:
30 Jun 2017

Enrol on a Course

Course Modules

Credit Union Governance & Risk

€295
  • Structure of Credit Unions
  • Board of Directors and Committees
  • Board Oversight Committee
  • The Manager
  • Compliance Programme
  • Fitness & Probity
  • Core Services
  • Additional Services
  • Money Laundering & Terrorist Financing
  • Meetings & Resolutions
  • Risk Management & Systems
  • Financial Management
  • Accounts
  • Stabilisation & Restructuring

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
09 Sep 2017
Close Off Date:
30 Jun 2017


QFA Regulation

€295
  • Why Governments Regulate Financial Services Providers
  • Different Types of Regulation
  • Regulatory Bodies
  • Retail Intermediaries
  • Consumer Protection Code
  • Markets in Financial Instruments Regulations (MiFID)
  • Fitness and Probity Standards
  • Money Laundering and Terrorist Financing
  • Distance Marketing
  • Credit Unions
  • Financial Services Ombudsman
  • Investor Compensation
  • Minimum Competence
  • Unfair Terms in Consumer Contracts
  • Reporting Information to the Gardai
  • Tax Schemes

Examinations

  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%

Next Exam Date:
02 Sep 2017
Close Off Date:
30 Jun 2017