Training
ACE has just concluded running eight seminars across the country on the new model rules.
The rules have changed in two ways - they include changes that ACE has introduced which we hope will be of benefit to credit unions and their members; most important are the changes brought about by the Legislative Reform Order. These require credit unions to enter their own decisions about certain matters such an interest bearing shares in the rule book and considerable scope to add new common bonds and membership qualifications. Over 155 people from 37 credit unions attended the sessions and the evaulation forms showed a 98% satisfaction with the seminars. Credit unions felt they gained a greater understanding of what was required of them and the opportunities available to them, although there was still confusion about the wording of the common bonds. ACE will shortly be sending out another newsletter in a question and answer format to clarify these.
Thanks to all who attended and to those credit unions who organised the venues and delicious food. Also to the FSA staff who were so helpful in explaining some complex issues.
January 2012
