Credit union employees will learn how to detect and prevent investment fraud by participating in a new training course developed by a group of securities regulators and the key education provider for credit unions across Canada.

The 30-minute online course teaches employees how to identify common types of investment fraud, recognize warning signs, understand the financial and social impact of investment fraud, and help those who may be at risk.

“Our goal is to help Canadians avoid falling victim to investment fraud. The new course outlines information that will give employees of financial institutions the knowledge they need to actively make a difference,” says Brenda Leong, executive director of the B.C. Securities Commission.

The course, funded by the securities commissions in British Columbia, Alberta, Manitoba, New Brunswick and Nova Scotia, is one of the new training courses offered by CUSOURCE Credit Union Knowledge Network (CUSOURCE Knowledge Network), the strategic people development organization for the credit union system in Canada.

Investor education staff from five securities regulators worked with CUSOURCE Knowledge Network and Credit Union Central of B.C. to develop the course content, which features interactive exercises and scenarios.

“CUSOURCE Knowledge Network immediately saw the value of working with the securities commissions to bring this education to credit unions and their employees,” said CUSOURCE Knowledge Network CEO Cheryl Byrne.

CUSOURCE Knowledge Network training is available to nearly 30,000 credit union system employees. Credit union subscribers to CUSOURCE Knowledge Network will have access to the course free of charge.

CUSOURCE Knowledge Network is the home of learning, knowledge sharing, career management and strategic people development for the Canadian credit union system. It provides access to a variety of learning vehicles, knowledge sharing and management tools, both online and in the classroom.