National Financial Literacy Month is an Opportunity for Credit Unions

Originally posted on CUInsight.

By Randy Salser, President, NAFCU Services

With the financial pitfalls of the Great Recession behind us, and security breaches becoming a common threat, members are more mindful of their personal finances than ever before.  Because credit unions are a reliable and trusted source, they have the unique opportunity to educate their members about financial literacy. For expertise on where credit unions should focus this National Financial Literacy Month, we turn to our Preferred Partners:

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Does your credit union do prospective employee testing?

I just watched NAFCU’s live webcast, “Implementing an Effective Employee Assessment Program,” presented by our good friends at Human Capital Solutions Group and Andrews Federal Credit Union.

There are many benefits to testing new hire candidates and current employees (applying for new roles) on things like cognitive ability, integrity, job knowledge, and personality. In fact, it has been determined that cognitive ability tests are three times more predictive of a candidate’s ability than experience in the job and four times more predictive than education. Yikes.

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