Titles, descriptions, and credit recommendations for all inactive learning experiences recommended for college credit within the Volunteer Achievement Program can be found below. To locate information on additional learning experiences, which have also been recommended for college credit, use the Organization Directory Page link above for a complete list of titles for all learning experiences or use the following links to go directly to other sections: 

Management Enrichment Training Program (MERIT) - Active Learning Experiences
Staff Training and Recognition Program (STAR) - Active Learning Experiences
MERIT and STAR Programs - Inactive Learning Experiences
Volunteer Leadership Program (VLP) - Inactive Learning Experiences


VOLUNTEER ACHIEVEMENT PROGRAM (VAP) INACTIVE LEARNING EXPERIENCES
V01 History and Philosophy
V02 Financial Reports
V101 Board and Management Policies (first entry)
V101 Board and Management Policies (second entry)
V102 Planning (first entry)
V102 Planning (second entry)
V200 Credit Committee Duties and Responsibilities (first entry)
V200 Credit Committee Duties and Responsibilities (second entry)
V201 Loan Granting (first entry)
V201 Loan Granting (second entry)
V202 Collections (first entry)
V202 Collections (second entry)
V400 Investment Fundamentals
V401 Pricing Concepts
V402 Basic Budgeting
V403 Marketing
V404 Strategic Planning (first entry)
V404 Strategic Planning (second entry)
V405 Board/Manager Relations
V407 Bankruptcy  (first entry)
V407 Bankruptcy (second entry)
V408 Succession Planning
V409 Financial Management
V600 Introduction to Mortgage Lending
V601 Online Polices and Internet Use
V602 Offering Credit Union Youth Programs

Descriptions and credit recommendations

1. V01 History and Philosophy
2. V405 Board/Manager Relations
3. V408 Succession Planning
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-3: Independent study and/or classroom-based (approximately 24 hours).
Dates: October 1998 - December 2003.
Objectives: Modules 1-3: Describe the evolution of credit unions and differentiate between credit unions and other financial institutions; discuss the effect of financial deregulation; develop job descriptions for managers, including skills and competencies required; discuss the interview, selection, and evaluation process for the hiring/firing of managers; describe the effective succession plan.
Instruction: Modules 1-3: Credit unions as cooperatives; the origins of cooperative credit: Europe in the 1800’s; cooperative credit in North America; momentum of the credit union movement; growth and change; the U.S. credit union movement; current and future challenges; shared decision areas; policies; developing the position description; seeking qualified candidates; making the final selection; preparing the employment contract; compensation and motivation; performance appraisal; dealing with specific situations; need for succession planning; ingredients of an effective succession plan; approaches to succession planning; role of the Board of Directors and the President/CEO; benefits of a succession plan; maintaining qualified Board leadership.
Credit recommendation: Modules 1-3: In the lower division
baccalaureate/associate degree category, 1 semester hour as Credit Union Human Resource Management or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-3 must all be completed to receive credit. NOTE: If this module sequence and the module sequence beginning with V101 Board and Management Policies are successfully completed, the credit recommendation is 2 semester hours as a Management elective in a Business curriculum.

1. V02 Financial Reports
2. V400 Investment Fundamentals
3. V402 Basic Budgeting
4. V409 Financial Management
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-4: Independent study and/or classroom-based (approximately 32 hours).
Dates: October 1998 - December 2003.
Objectives: Modules 1-4: Describe the major sections of a balance sheet and income statement; identify other financial reports; analyze important ratios; explain the concept of trend analysis; identify the steps in the budget cycle and describe the budget process; explain the importance of financial management to a credit union; describe the basic financial management tools; identify the critical functions of an asset-liability committee; discuss the application of financial modeling to financial management; identify financial risks; apply various credit analysis ratios; describe the development of investment policies and discuss strategies of portfolio management.
Instruction: Modules 1-4: Statement of financial condition; statement of income; budget report; investment report; delinquent loan report; charged-off loans and recoveries report; membership report; activity reports; ratios and trends; report of operations; yield; investment overview; identify risks; types of investments; the search for yield; credit analysis; investment policies and procedures; managing a portfolio; preparing a budget; approaches to budgeting; Board’s and manager’s role in the planning/budget process; the planning/budgeting process: evaluate the internal and external environments, establish goals and objectives, develop action plans, and develop annual budget; other budget considerations; financial management overview; asset/liability committee; planning tools; financial reporting; statement of condition; income statement; interest rate report; spread analysis; ratio analysis report; cash flow report; budget report; budget variance report; forecasting and budgeting; the planning cycle; forecasting methods; management expectations; relational techniques; budget reports; what-if analysis; gap analysis; asset/liability policy.
Credit recommendation: Modules 1-4: In the lower division baccalaureate/associate degree category, 2 semester hours as Credit Union Finance or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-4 must all be completed to receive credit.

1. V101 Board and Management Policies
2. V102 Planning
3. V404 Strategic Planning
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-3: Independent study and/or classroom-based (approximately 24 hours).
Dates: October 1998 - December 2003.
Objectives: Modules 1-3: Define planning and its role in an organization; identify the parts of the planning process; write policies applicable to the company; develop a policy manual; identify strategic windows of opportunity for the organization; identify the firm’s strategic competence; discuss the evaluation of the planning process.
Instruction: Modules 1-3: Perspectives on policies; factors influencing policies; policies aiding the decision-making process; writing policies; the policy manual; preparing a policy manual; implementing policies; benefits of policies; planning from the Board’s perspective; reasons for planning; mission, goals, and objectives; planning horizon; principles of planning; planning sessions; P-I-E cycle; importance of strategic planning; situation audit; internal factors; external analysis and evaluation; organizational and human resources; the strategic planning process.
Credit recommendation: Modules 1-3: In the lower division baccalaureate/associate degree category, 1 semester hour as Credit Union Planning or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-3 must all be completed to receive credit. NOTE: If this module sequence and the module sequence beginning with V01 History and Philosophy are successfully completed, the credit recommendation is 2 semester hours as a Management elective in a Business curriculum.

1. V101 Board and Management Policies
2. V102 Planning
3. V404 Strategic Planning
4. V601 Online Polices and Internet Use
5. V602 Offering Credit Union Youth Programs
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-5: Independent study and/or classroom-based (approximately 32 hours).
Dates: January 2000 - December 2003.
Objectives: Modules 1-5: Define planning and its role in an organization; identify the parts of the planning process; write policies applicable to the company; develop a policy manual; identify strategic windows of opportunity for the organization; identify the firm’s strategic competence; discuss the evaluation of the planning process; identify computer components and network requirements; develop policies on computer use; develop and implement a youth program to increase awareness of credit union services.
Instruction: Modules 1-5: Perspectives on policies; factors influencing policies; policies aiding the decision-making process; writing policies; the policy manual; preparing a policy manual; implementing policies; benefits of policies; planning from the Board’s perspective; reasons for planning; mission, goals, and objectives; planning horizon; principles of planning; planning sessions; P-I-E cycle; importance of strategic planning; situation audit; internal factors; external analysis and evaluation; organizational and human resources; the strategic planning process; drafting and instituting computer policies; legal and insurance issues related to computer use; promoting savings and lending to youth.
Credit recommendation: Modules 1-5: In the lower division baccalaureate/associate degree category, 2 semester hours as Credit Union Planning or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-5 must all be completed to receive credit. NOTE: Some of these modules are also listed in other module groupings. Care should be taken to avoid awarding duplicate credit.

1. V200 Credit Committee Duties and Responsibilities
2. V201 Loan Granting
3. V202 Collections
4. V407 Bankruptcy
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-4: Independent study and/or classroom-based (approximately 32 hours).
Dates: October 1998 - December 2003.
Objectives: Modules 1-4: Explain duties and responsibilities of the credit committee; describe the relationship between the credit committee and the board of directors; identify sources of internal control for the credit committee; identify the various types of consumer credit and the sources of funding for lending; explain the laws and regulations affecting consumer lending; analyze credit applications and describe how credit scoring is used; classify basic collection methods and explain how to deal with special problems, such as skips and repossessions; describe the types of bankruptcy filings and the reasons why people file.
Instruction: Modules 1-4: The credit committee: qualifications for and terms of office; general overview of consumer credit types; sources of funding for lending; types of loan contracts; laws and regulations; loan policies; collateral collection; analysis of portfolio; the loan application process; policies and compliance; analyzing a credit application; credit scoring; acting on the application; Regulation 2; ECOA; variable rate loans and compliance issues; establishing a collection system; basis of collection; classification; special problems: skips, repos, and soldiers/sailors; Fair Debt Collection Practices Act; bankruptcy types and procedures; purpose of bankruptcy; the types of bankruptcy; bankruptcy terms; reasons to file bankruptcy and the credit union’s response; automatic stay; Chapter 7 bankruptcy and the credit union’s response; Chapter 13 bankruptcy and the credit union’s response
Credit recommendation: Modules 1-4: In the lower division baccalaureate/associate degree category, 2 semester hours as Credit Management or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-4 must all be completed to receive credit. NOTE: If this module sequence and the module sequence beginning with V401 Pricing Concepts are successfully completed, the credit recommendation is 3 semester hours as a Marketing elective.

1. V200 Credit Committee Duties and Responsibilities
2. V201 Loan Granting
3. V202 Collections
4. V407 Bankruptcy
5. V600 Introduction to Mortgage Lending
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1-5: Independent study and/or classroom-based (approximately 48 hours).
Dates: January 2000 - December 2003.
Objectives: Modules 1-5: Explain duties and responsibilities of the credit committee; describe the relationship between the credit committee and the board of directors; identify sources of internal control for the credit committee; identify the various types of consumer credit and the sources of funding for lending; explain the laws and regulations affecting consumer lending; analyze credit applications and describe how credit scoring is used; classify basic collection methods and explain how to deal with special problems, such as skips and repossessions; describe the types of bankruptcy filings and the reasons why people file; identify the key benefits a credit union gains by offering real estate lending services to members; describe marketing issues related to mortgage lending.
Instruction: Modules 1-5: The credit committee: qualifications for and terms of office; general overview of consumer credit types; sources of funding for lending; types of loan contracts; laws and regulations; loan policies; collateral collection; analysis of portfolio; the loan application process; policies and compliance; analyzing a credit application; credit scoring; acting on the application; Regulation 2; ECOA; variable rate loans and compliance issues; establishing a collection system; basis of collection; classification; special problems: skips, repos, and soldiers/sailors; Fair Debt Collection Practices Act; bankruptcy types and procedures; purpose of bankruptcy; the types of bankruptcy; bankruptcy terms; reasons to file bankruptcy and the credit union’s response; automatic stay; Chapter 7 bankruptcy and the credit union’s response; Chapter 13 bankruptcy and the credit union’s response; general overview of mortgages; the mortgage lending process; risks and marketing of mortgages.
Credit recommendation: Modules 1-5: In the lower division
baccalaureate/associate degree category, 3 semester hours as Credit Management or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1-5 must all be completed to receive credit. NOTE: Some of these modules are also listed in other module groupings. Care should be taken to avoid awarding duplicate credit.

1. V401 Pricing Concepts
2. V403 Marketing
Location: Independent study program administered from the offices of the Credit Union National Association; also administered in a classroom-based format at approved locations throughout the U.S.
Length: Modules 1 & 2: Independent study and/or classroom-based (approximately 16 hours).
Dates: October 1998 - December 2003.
Objectives: Modules 1 & 2: Differentiate market driven and operationally driven firms; explain the use of situation analysis; develop marketing goals and strategies and describe implementation and evaluation strategies; explain price-elasticity of demand and break-even analysis and discuss the consequences of various pricing strategies.
Instruction: Modules 1 & 2: Pricing overview; importance of effective pricing decisions; economic considerations; elasticity of demand; important considerations in determining elasticity; cost considerations: fixed/variable costs, direct/indirect costs, average costs, price/volume/cost analysis; methods for allocating shared costs; setting price objectives and strategies; developing the pricing plan; understanding marketing; the marketing plan process; situation analysis; analyzing competition and resources; credit unions’ marketing budget; the finished product.
Credit recommendation: Modules 1 & 2: In the lower division baccalaureate/associate degree category, 1 semester hour as Credit Union Marketing or as an elective in a Business curriculum (2/98) (4/03 revalidation). NOTE: Modules 1 & 2 must both be completed to receive credit. NOTE: If this module sequence and the module sequence beginning with V200 Credit Committee Duties and Responsibilities are successfully completed, the credit recommendation is 3 semester hours as a Marketing elective.

Updated 2/2/04

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