News | CFTEA | Center for Financial Training & Education Alliance

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.

What Is My Why? Anna Johnson

August 26, 2022

Anna Johnson Northfield Savings Bank “CFTEA has allowed me to grow in my career and expand my knowledge of banking. I have been able to move up through multiple promotions due to the available training and classes offered through CFTEA. The flexibility of courses offered and how they are conducted allowed me to take necessary classes in multiple different settings, from self-study to online instructor-led to having the class with a live instructor. These selections allowed me to take

Spotlight on Success: Becky Cook

August 19, 2022

Spotlight on Success; Becky Cook Claremont Savings Bank Becky works as a Commercial Loan Credit Analyst II and was recently appointed as an Officer of the Bank in November 2021. She began her banking career in 2007 during her summer break from college at Boston University. In 2017, Becky made the decision to pursue her Master’s degree in Accounting and Finance. In 2019, she began working at Claremont Savings Bank as a credit analyst in the commercial lending department. As

Announcing: Working Remotely Certificate Bundle

August 17, 2022

As people suddenly transitioned to remote work, they were bombarded with relevant articles around logistics. Most tips covered questions like: How do I remove distractions while working from home? How do I set up a “work-from-home” station? What’s the etiquette for video calls? Click to discover more about the content of CFTEA’s Working Remotely Certificate Bundle! But as this transition has become the new norm (whether permanently or as a flexible, hybrid option), the focus has shifted. It’s time to get a handle on work-from-home

Small Steps to Take Charge of Your Career Growth

August 10, 2022

Your career is your most valuable financial asset. Not convinced? Take your current or expected salary and multiply it by 40 working years (the length of an average career). Compare that number to all your other assets. Is there anything even close? Probably not. That’s good news as you have a large asset you may not have previously considered! The better news is that you can take steps to make this asset worth even more. You can make it

Spotlight on Success: Justina Thornton

August 5, 2022

Spotlight on Success: Justina Thornton Machias Savings Bank Justina began her banking career last year after twelve years in the medical field in various administrative roles. And, she took off with a bang! Justina earned the following awards to support her transition into the world of banking: Banking Customer Service Experience Certificate Call Center / Customer Care Certificate Essential Professional Development Certificate Foundations in Banking Certificate Front-Line Fraud Detection Certificate Honor Student: Principles of Banking Reflecting on earning these awards