Credit union concern over NCUA's financial literacy rules for directors continued to peak Wednesday with CUNA now counting what it called a "huge" signup–1,800 participants–for an audio conference Thursday on the topic.

"This kind of registration rivals a couple we had on corporate stabilization last year," said Todd Spiczenski, vice president of CUNA's Center for Professional Development in Madison, who is coordinating the afternoon on-air seminar.

In addition to the 1,800 signups, he said, there are an additional 400 requesting tapes, to be distributed to CUs seeking info on the new rules which take effect Jan. 27 but with a six month lead time and requiring competency on basic finance and accounting practices. Part of the rules require directors to read and understand balance sheet and income statements.