UCC Adult courses

Credit Union Business - BSc (Hons)

About This Course

Fact File

Course Outline

The BSc in Credit Union Business, comprising 120 credits, is offered by the Department of Food Business and Development, UCC in collaboration with Adult Continuing Education, UCC and the Irish League of Credit Unions. The aim of this course is to equip those involved in credit unions in an operational or governance capacity with the reflective and analytical skills necessary to reach a high level of competence in their respective roles.

The Degree in Credit Union Business will provide the necessary learning supports to ensure that each credit union officer has the practical knowledge and skills to carry out their role in a responsible and effective manner.

Continuing Professional Development (CPD) hours:
CPD hours can be gained for Degree modules through the ILCU’s CU CPD and the LIA’s CPD schemes.

The course is delivered in a blended learning format, including:

  • One/two classroom-based tutorials with a qualified tutor (at two venues)
  • independent study using high quality student manuals
  • e-learning activities and assessment
  • online support and interaction via Blackboard (UCC’s virtual learning environment)
  • one five-day Credit Union Summer School in University College Cork
  • a guided research project on a topic related to credit unions

Additional Teaching Mode Information

Classroom-based tutorials with a qualified tutor

Course Practicalities

On completion of the course you will be able to:

  • Work and communicate effectively in a credit union business environment to an enhanced level of professional competence.
  • Implement regulatory and legal requirements in credit unions.
  • Explain financial management and investments in a credit union context.
  • Think holistically about credit unions in their socio-economic and cultural environment.
  • Plan, conduct and write up a research project.
  • Demonstrate the role that marketing plays in the development of a member-centred credit union. 
  • Examine the theory and practice of risk management in credit unions and develop and implement a risk management process.
  • Explore human resource management in credit unions

Assessment

This course is assessed by a combination of continuous assessment and end-of-semester written examinations.  Continuous assessment may include:

  • essay assignments
  • online exam
  • work-based assignments
  • learning logs
  • practical case studies
  • scenario-based assignments
  • guided research project

Who teaches this course

This course is taught by a team of experienced tutors appointed by UCC.

Why Choose This Course

The Degree in Credit Union Business aims to develop the capacity of those working in either operational or governance roles as leaders in their respective areas with strong reflective, analytical and innovative abilities so as to contribute to the long-term sustainability of the credit union as a community based, member owned co-operative.

Placement or Study Abroad Information

There are opportunities to fulfil the work placement module in a credit union abroad.

Requirements

Applicants will normally be required to hold a Diploma in Credit Union Governance (NFQ Level 7 Award) or Diploma in Credit Union Operations (NFQ Level 7 Award).

Fees and Costs

€1750 per year

How Do I Apply

Currently not open for applications.

Contact details for this course

Year 1 Modules

  • FE3820: Credit Union Placement (10 credits)
    The credit union placement will be undertaken in an approved credit union, other than one the student is normally involved with, or with an approved credit union representative body, either in Ireland or abroad. Students will be placed for a minimum of 120 hours in a relevant work environment and will be expected to make a significant contribution to their area of work. Students are required to prepare a learning log of their placement.
  • FE3821: Summer School (10 credits)
    This module provides an interdisciplinary series of lectures, workshops and practitioner presentations with considerable opportunity for student input.
  • FE3822: Strategic Use of Information Systems in Credit Unions (20 credits)
    To include roles of information systems, development of ICT strategy, selection and acquisition of ICT systems, business continuity planning, security and privacy issues in ICT.
  • FE3823: Applied Risk Management for Credit Unions (20 credits)
    Topics include risk management theories and models for the financial services sector, purpose, nature and limitations of risk management and risk auditing, process of risk auditing including risk identification, risk analysis, internal control evaluation and determining residual risk.
  • FE3825: Credit Unions and Society (10 credits)
    Includes approaches to development, roles of credit unions in social and economic development, impact assessment for credit unions, credit unions and financial inclusion and capability, purpose and place of credit unions in society.
  • FE3826: Marketing for Credit Unions (10 credits)
    Relevance of the marketing concept in a credit union context, difference between marketing in a co-operative and conventional setting, member relationship and business model of the credit union, relationship marketing and market orientation, development of a marketing strategy and plan.
  • FE3827: Credit Union Research Project (20 credits)
    Preparation of a research proposal. Literature review, appropriate data analysis, and the writing of a coherent research report.
  • FE3828: Advanced Financial Management and Investments for Credit Unions (20 credits)
    Topics include interrelationship between financial management, management accounting and financial accounting, interaction and interrelationship between the main financial statements, planning and budgetary control, preparation and utilisation of financial performance measurement statements, financial management decision-making, relationship between risk and return and its application to portfolio theory and the Capital Asset Pricing Model.
  • FE3829: Microfinance Strategies for Development (10 credits)
    The theoretical foundations of microfinance and key issues relating to the provision of microfinance services. An overview of innovative approaches to alleviate poverty and finance local development, e.g. social collateral strategies; co-operative savings and credit; Islamic approaches; LETS schemes.
  • FE3830: Audit and Compliance in Credit Unions (10 credits)
    This module will examine the purpose of internal audit and compliance functions within financial institutions. Students will take a detailed look at the principles which underpin effective internal audit and compliance; and this will include identifying the differences between both functions. Using these principles as a basis, students will then explore the processes of implementing compliance, audit and control systems within a financial services organisation.

Year 2 Modules

Year 3 Modules

Year 4 Modules

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