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.

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

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
Important Dates

Next Exam Session:

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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.

Graduate Story

Eric Handbridge

from €325 per module

Module Pricing

The registration fee for each module starts from €325* and includes examination entry, textbook, webinars as available, and access to our online student resource Your LIA, for study supports.

*See individual module details for individual module prices.


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.


Entry Requirements

Prior Learning:

If under 23 must hold five Leaving Cert passes

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Course Modules

QFA Regulation

  • 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
  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%
Next Exam Date: 11th May 2019 Close Off Date: 22nd February 2019 Module Cost: €325

Credit Union Governance & Risk

  • 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
  • Multiple-choice
  • 2 hours duration
  • 100 questions
  • Pass mark 40%
Next Exam Date: 18th May 2019 Close Off Date: 22nd February 2019 Module Cost: €325

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