Professional Diploma in Credit Union Advice (CUA & APAs)

The Professional Diploma in Credit Union Advice is a professional qualification for Credit Union personnel.

The course is designed to allow Credit Union staff to achieve a benchmark level of competency, specific to the requirements of their working environment. It comprises of  modules that lead to the CUA, APA (Loans) and APA (Savings & Investments) designations which are recognised under the Central Bank’s Minimum Competency Code.

Successful students will receive the Professional Diploma in Credit Union Advice award from UCD, which is accredited at Level 7 on the National Framework of Qualifications and each module is worth 5 ECTS credits

Note that it is the CUA and APA designations that are recognised by the Central Bank for Minimum Competency purposes (as distinct from the modules or academic qualifications completed) subject to meeting CPD requirements.

Course Aims

On successful completion of the four module Diploma course candidates will be able to:

  • Describe the ethos, structure and operation of Credit Unions;
  • Demonstrate their competence in providing professional advice on the savings, loans and additional financial services which Credit Unions provide for their members, including the processes and implications involved;
  • Explain the different types of investment and loan offerings generally available in the market place;
  • Discuss and demonstrate the impact of regulatory and statutory obligations generally used in the provision of financial services, and in particular, as imposed on credit unions in relation to the administration, management and governance and the provision of financial services to members;
  • Satisfy the Central Bank of Ireland’s Minimum Competency Requirements (MCR) in explaining the main features, benefits, limitations and risks of different types of Non Life Insurance products and Life Insurance Savings & Investment products provided by Credit Unions acting as insurance intermediaries;
  • Understand the Governance and Compliance requirements - in particular, the roles and responsibilities of the Directors, Supervisory Committees, Officers and Managers in the general control, direction and management of the affairs, funds and records of Credit Unions.
Note that some of the above does not apply in the case of those who choose the shortened two module route to the CUA designation.


Destination QFA

APA designations are stepping stones, as well as incremental credentials that meet MCC, on your way to the full QFA designation, joining over 15,000 QFAs in Ireland. You can obtain one or more APA designation(s)* by completing QFA Regulation and one or more of :

  • QFA Life Assurance
  • QFA Pensions
  • QFA Investments
  • QFA Loans
  • Debt Management Services
* You must already hold either the APA (Loans) or the QFA designation before undertaking the Debt Management Services module.


Edel Kelly, CUA

The CUA qualification has given me an in-depth understanding of what is required within my role, not only to comply with Central Bank codes but also in offering excellent service to our members. Achieving this qualification has given me the confidence to take on additional roles within my Credit Union and I would highly recommend it to anyone.

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

Enrol on a Course

Course Modules

QFA Investment

€295
  • The Financial Services Market
  • The Economy
  • Asset Classes
  • Deposits
  • Shares
  • Bonds
  • Collective Investment Schemes
  • Offshore Funds
  • Film & EII
  • Employee Share Incentives
  • Trackers Bonds
  • Unit Linked Policies
  • Taxation
  • Financial Maths
  • Consumer Protection Code Obligations
  • Comparing Investment Products
  • Providing Investment Advice

Examinations

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

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


QFA Loans

€295
  • Client Loan Needs
  • Legislation Impacting on Housing Loans and Consumer Credit
  • Housing Loans
  • Comparing Housing Loans
  • Housing Loans Insurance
  • Arranging a Housing Loan
  • Debt Restructuring and Equity Release
  • Arrears and Debt Management
  • Debt Recovery
  • Consumer Credit

Examinations

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

Next Exam Date:
16 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


Credit Union Practices

€295
  • Structure of Credit Unions
  • Governance
  • Savings
  • Loans
  • Additional Services
  • Insurance Services
  • Money Laundering & Terrorist Financing
  • Data Protection
  • Credit Union Accounts
  • The AGM
  • Member Complaints

Examinations

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

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