An SOP (Standard Operating Procedure) Manual for a Credit Union is highly relevant and crucial for various reasons:

Compliance and Regulatory Adherence: Credit unions operate in a heavily regulated financial environment. An SOP manual ensures that all operations align with the relevant laws and regulations, reducing the risk of non-compliance, penalties, or legal issues.
Consistency and Efficiency: By providing standardized procedures for various financial transactions, account management, and member services, the manual ensures that all employees follow consistent, efficient processes. This minimizes errors and enhances operational efficiency.
Risk Management: The manual includes protocols for identifying and mitigating risks, which is essential in the financial sector to protect members' assets and the credit union's stability.
Training and Onboarding: It serves as a valuable resource for training new employees, helping them understand the credit union's operations, policies, and best practices.
Member Satisfaction: Consistency and adherence to high-quality service standards contribute to member trust and satisfaction, which are paramount in the competitive financial services industry.
Emergency Preparedness: SOP manuals also outline procedures for addressing emergencies, ensuring that the credit union can respond effectively to unforeseen events, such as cybersecurity breaches or natural disasters.

In summary, a Credit Union SOP Manual is relevant as it fosters compliance, efficiency, risk management, and member satisfaction, all of which are essential for the institution's success and the financial well-being of its members.

Top 50 Standard Operating Procedures (SOPs) for a Credit Union

SOP-1157-001: Standard Operating Procedure for Member Onboarding
SOP-1157-002: Standard Operating Procedure for Account Management
SOP-1157-003: Standard Operating Procedure for Loan Origination
SOP-1157-004: Standard Operating Procedure for Collections
SOP-1157-005: Standard Operating Procedure for Savings and Deposits
SOP-1157-006: Standard Operating Procedure for Electronic Banking
SOP-1157-007: Standard Operating Procedure for ATM and Branch Operations
SOP-1157-008: Standard Operating Procedure for Teller Services
SOP-1157-009: Standard Operating Procedure for Security and Fraud Prevention
SOP-1157-010: Standard Operating Procedure for Financial Reporting

SOP-1157-011: Standard Operating Procedure for Risk Management
SOP-1157-012: Standard Operating Procedure for Credit Union Governance
SOP-1157-013: Standard Operating Procedure for Marketing and Member Outreach
SOP-1157-014: Standard Operating Procedure for Data Privacy
SOP-1157-015: Standard Operating Procedure for Disaster Recovery
SOP-1157-016: Standard Operating Procedure for Internal Controls
SOP-1157-017: Standard Operating Procedure for Vendor Management
SOP-1157-018: Standard Operating Procedure for Interest Rate Setting
SOP-1157-019: Standard Operating Procedure for Investments
SOP-1157-020: Standard Operating Procedure for Credit Union Policies

SOP-1157-021: Standard Operating Procedure for Employee Training
SOP-1157-022: Standard Operating Procedure for Cash Management
SOP-1157-023: Standard Operating Procedure for Legal and Regulatory Updates
SOP-1157-024: Standard Operating Procedure for Member Education
SOP-1157-025: Standard Operating Procedure for ATM Maintenance
SOP-1157-026: Standard Operating Procedure for Branch Security
SOP-1157-027: Standard Operating Procedure for New Product Launch
SOP-1157-028: Standard Operating Procedure for Membership Renewal
SOP-1157-029: Standard Operating Procedure for Loan Servicing
SOP-1157-030: Standard Operating Procedure for Member Records Management

SOP-1157-031: Standard Operating Procedure for IT Security
SOP-1157-032: Standard Operating Procedure for Member Voting and Elections
SOP-1157-033: Standard Operating Procedure for Budgeting
SOP-1157-034: Standard Operating Procedure for Document Management
SOP-1157-035: Standard Operating Procedure for Branch Cash Replenishment
SOP-1157-036: Standard Operating Procedure for Branch Opening and Closing
SOP-1157-037: Standard Operating Procedure for Dispute Resolution
SOP-1157-038: Standard Operating Procedure for Member Resignations
SOP-1157-039: Standard Operating Procedure for Fee Structure
SOP-1157-040: Standard Operating Procedure for Credit Union Website Management

SOP-1157-041: Standard Operating Procedure for IT System Maintenance
SOP-1157-042: Standard Operating Procedure for Financial Counseling
SOP-1157-043: Standard Operating Procedure for Loan Review and Underwriting
SOP-1157-044: Standard Operating Procedure for Audit and Examination Preparation
SOP-1157-045: Standard Operating Procedure for Ethics and Conduct
SOP-1157-046: Standard Operating Procedure for Investor Relations
SOP-1157-047: Standard Operating Procedure for Retirement Accounts
SOP-1157-048: Standard Operating Procedure for Community Involvement
SOP-1157-049: Standard Operating Procedure for Credit Union Membership Eligibility
SOP-1157-050: Standard Operating Procedure for Member Services Training and Development

The North American Industry Classification System (NAICS) has grouped services and activities associated with Credit Unions under the NAICS industry code 522130. The following list shows some activities that are associated with industry 522130,

Corporate credit unions.
Credit unions.
Federal credit unions.
State credit unions.

Some of the international association of Credit Unions:

Credit Union National Association (CUNA).
National Association of Federal Credit Unions (NAFCU).
Canadian Credit Union Association (CCUA).
Association of Asia Confederation Credit Union (AACCU).
Northwest Credit Union Association (NCUA).
Heartland Credit Union Association (HCUA).
Association of British Credit Unions Limited (ABCUL).
Association of Vermont Credit Unions (AVCU).
Cooperative Credit Union Association (CCUA).
Marketing Association of Credit Unions (MACU).
The Mountain West Credit Union Association (MWCUA).
Credit Union Association of New Mexico (CUANM).
New Zealand Association of Credit Unions (NZACU).
Ghana Co-operative Credit Unions Association (GCCUA).
DC Credit Union Association (DCCUA).
Credit Union Development Association (CUDA).
CrossState Credit Union Association (CCUA).
New York Credit Union Association (NYCUA).
American Banker Association (AMA).
Credit Union Leaders Association (CULA).
Credit Union Association of the Dakotas (CUAD).
Metropolitan Area Credit Union Management Association (MACUMA).
Muir Group Housing Association (MGHA).
Credit Union Mortgage Association (CUMA).
North Carolina Press Association (NCPA).
Police Officers Credit Union Association (POCUA).
Nebraska Rural Electric Association (NREA).
Illinois Bankers Association (IBA).
FedEx Employees Credit Association (FECA).

International standard for this industry:

ISO 9001 : 2008

Few of the World’s best companies in this industry are,

Navy Federal Credit Union | Vienna | United State of America | www.navyfederal.org |
State Employees Credit Union | Raleigh | United State of America | www.ncsecu.org |
North Broward Hospital Distric | Fort Lauderdale | United State of America | www.browardhealth.org |
First Technology Federal Cr Un | San Jose | United State of America | www.firsttechfed.com |
Alliant Credit Union | Chicago | United State of America | www.alliantcreditunion.org |
Golden 1 Credit Union | Sacramento | United State of America | www.golden1.com |
Mountain America Federal Cr Un | Sandy | United State of America | www.macu.com |
Suncoast Credit Union | Tampa | United State of America | www.suncoastcreditunion.com |
Bethpage Federal Credit Union | Bethpage | United State of America | www.bethpagefcu.com |
Star One Credit Union | Sunnyvale | United State of America | www.starone.org |
Saker Shoprite Inc | Freehold | United State of America | www.sakershoprite.com |
Apple Federal Credit Union | Fairfax | United State of America |