News | CFTEA | Center for Financial Training & Education Alliance

The Great Resignation’s Impact on Education Decisions (Fierce Education)

September 28, 2022

CFTEA has a number of affordable options to access college credits and workplace development opportunities. Discover how our non-profit can support the research article from Fierce Education. Amid the global disruption caused by the Covid-19 pandemic, the workforce experienced a sharp increase in the number of those leaving or changing jobs. This phenomenon is often referred to as the Great Resignation, and the trend has illuminated a collective desire of the American workforce for more rewarding and meaningful work. Historically, pursuing

2022 Leader’s Conference

September 27, 2022

In celebration of our silver anniversary as a non-profit, CFTEA held the 2022 Leader’s Conference with the theme, Building Tomorrow’s Talent Today at a live venue for the first time in three years! The powerful program topics, information, networking, and positive spirit led the day. The planning committee did an amazing job. The two-day program allowed board members, council members, and learning and development professionals to engage in a spirit of celebration. While this is our 25th anniversary as a

Congratulations Jay Hallam, Leaving a Legacy Award

September 27, 2022

A huge salute to former board member, Jay Hallam of Kennebunk Savings, for receiving our Leaving a Legacy Award. Jay’s feedback and engagement speak directly to our mission of professional helping the next generation of professionals in the banking industry. As a council member, board member, instructor, and guest speaker at our annual Leader’s Conference over the years, Jay’s presence is missed. He is committed to supporting career development. His years with our non-profit have allowed us to become the

2022 Making a Difference Award Winner

September 26, 2022

Brianna Critch of Claremont Savings Bank has been awarded our 2022 Making a Difference Award. The award is based on innovative thinking and inspiration. In the post-pandemic world, CFTEA is constantly growing in an effort to provide career thinking to the next generation of professionals. As an active CFTEA council member, Brianna engages in a way that provides opportunities that aren’t just the same thing the non-profit has always done. At one of the council meetings, Brianna suggested that young

What Is My Why? Lise Patterson

September 23, 2022

Lise Patterson Androscoggin Bank “I have been active with CFTEA for some years. It has provided me with exposure to courses that I may have otherwise not had the opportunity to take. With the help of the courses, I have grown from a customer service representative to my current position. Several years ago I became a council member. Expanding my reach through further collaboration with like-positioned users strengthened my support for CFTEA. In my position as board president, and

Demand Increasing for Nonmedical Benefits

September 21, 2022

Studies repeatedly cite health insurance as the most desired workplace benefit among employees. However, recent studies show an increasing demand for nonmedical workplace benefits. CFTEA provides career-specific training that is a key benefit for employees to support in gaining talent. In November 2021, LIMRA reported that nonmedical benefits are expected to increase 20% by 2026. This data comes from a survey conducted by LIMRA and Ernst & Young. Findings from the survey: Employees have a growing interest in nonmedical benefits,

Announcing: ABA Certificate Updates

September 19, 2022

The following certificates have been updated by ABA: Certificate in Deposit Compliance Certificate in Lending Compliance Core Concepts The following certificates have been added by ABA: Certificate in Compliance Essentials Certificate in Mortgage Lending Compliance Students currently completing the old versions of the Certificate in Deposit and Lending Compliance will not see disruption and can complete the old material. New students will receive the new programs.

Build a Culture of Learning

September 14, 2022

According to the World Economic Forum, more than half of all employees will require significant reskilling and upskilling by 2025. But while many companies understand the importance of employee training, implementation remains a challenge. Nationally, less than 10% of eligible employees access tuition reimbursement programs. CFTEA in-house courses allow organizations to infuse their culture, policies, procedures, and unique situations into reskilling and upskilling employees. Employers who invest in staff development help their employees hone strengths

Spotlight on Success: Michele Close

September 9, 2022

Spotlight on Success: Michele Close Norway Savings Bank Michele works as a Cash Management Specialist to organize the setup and servicing of account information and payments for business clients. Her role brings close collaboration with Norway Savings Bank’s commercial, retail, and operations teams to provide training, project support, and service excellence. She started her banking career eight years ago as an Operations/Project Assistant. As she reflected on the support she has received in continuing education, Michele highlighted this key point

Learning Statistics

September 7, 2022

68% of workers consider training and development opportunities an organization’s most important policy. Companies that invest in training have a 24% higher profit margin. Learning and training at a workplace are important to 87% of millennials. Employee retention rate grows by 30–50% at companies with a potent training program. 12% of employees claim they use the knowledge acquired through training to do their job. Ineffective training costs companies $13.5 million per 1000 employees annually. 94% of employees would stick with an organization longer if it invested in their training.