Student Milestone: FCU Cracks 275 Enrollment Mark
TWith the numbers still increasing for the upcoming July classes, Farm Credit University has now enrolled over 275 agricultural lenders and graduated 139 since inception. With what began as text only content a little over two years ago, this eLearning resource is now a state-of-the-art program designed to educate the new workforce of agricultural lenders. With two distinct curricula to choose from, FCU is the ideal training solution for both lifestyle and commercial ag lenders.
Orientation Program for New Hires on the Horizon
Remember reading those thick manuals and all that text your first few months on the job? In response to numerous requests from Association presidents, we are just beginning work on developing a series of eLearning modules that can provide a jump-start for new hires. This fast-paced, energetic program will be sufficiently broad in scope and content as to allow it to be used with new hires both inside and outside the lending area. This new hire training will be flexible and convenient because of its asynchronous nature, and can be completed any time and any place. Employees will be accountable by testing and completing application exercises to enhance the learning process. The program topics will include:
1. An overview of the latest trends in the agricultural and ag-finance industries
2. The history of the Farm Credit System, our cooperative business model and vision for the future
3. The places and organizations where Farm Credit does business
4. Communications Advocacy Program (CAP)
5. Business ethics
6. Customer service
7. Why Farm Credit is a great place to work
The goal is to provide a consistent, up-to-date framework for new employee orientation helpful to lenders and non-lenders alike. We're excited about being asked to help meet this crucial training need as we move forward on a united front with cutting edge programs that provide the best of high tech and high touch.
Mentor Milestone: Over 100 FCU Mentors Have Been Trained
RFCU recently celebrated another milestone in its short but active history. With the completion of the April online training session, over 100 mentor/coaches have been trained to work with newly-hired lenders and analysts. The work of these mentors is critical to the overall success of the FCU training program, as they are the ones that help the students incorporate what they have learned into practical use in their jobs on a daily basis. Many mentors have indicated that they have enhanced and updated their own knowledge and skills as they influenced a new lender's career in a major way. A big thank you is due to all these folks who have so generously given their time, knowledge and experiences.
Commercial Ag Lender Curriculum Up and Running
The inaugural session of the new FCU Commercial Ag Lender training program kicked off in April 2006. The class was filled and included students from many different Associations. This curriculum focuses on traditional commercial and agricultural financing, and will be extremely relevant and timely for lenders and analysts working on these types of loans. The next CAL class is due to begin in July, and is already filling up quickly.
Agricultural Lender Training: Farm Credit University Getting Big Push and High Marks
Read the story from Ag Lender Magazine.
With up to half of current ag lenders transitioning into their golden years in the next five years, training new lenders must be a priority for many ag lending institutions. As Dr. David Kohl, popular ag lending instructor and consultant warns...the baby boomer ag lender who experience the farm financial crisis of the 1980s will be eligible for retirement, which will result in a loss of institutional knowledge in a short period of time unless that knowledge (and experience) is transferred to the next generation of ag lending leaders and managers. The solution to this problem is a high-tech high touch resource called Farm Credit University.
In late 2005, students from all across the Farm Credit System began to participate in the Farm Credit University program. In 2006, FCU classes have had a growing number of students from outside the AgFirst District. This has added greatly to the networking opportunities offered by our program, and has made the Halftime series even more interesting as students learn and share with their Farm Credit peers across the nation. Our sincere thanks go out to all the Associations who have chosen to partner with us in this project. The diversity and experience that you bring into the program enhances the learning experience for all as Farm Credit becomes a united force serving agriculture and rural America.