Credit Unions: Time to Reveal Those Best Kept Secrets
We know credit unions have a lot that the big banks don’t, but do potential members know this, or are credit unions tucking these benefits away? Amy Miller explains what credit unions best-kept secrets are and why it’s so important they start marketing them.
The Question of Board Compensation
Once unheard of, board compensation is becoming a more common practice. But often, the pay is not in line with the amount of work being done, and the methods fall outside the cooperative guidelines. Emily Claus examines the going rate for board members and the justifications credit unions use for these amounts.
Monthly Board Meetings: Necessary or Burdensome?
As legislation aims to reduce required board meetings from monthly to six times per year, Emily Claus discusses the potential benefits and ramifications of such a change, with input from two long-serving board members.
Why Aren’t Your Members Attending Your Annual Membership Meeting?
Annual meetings are essential for keeping your member-owners informed and invested in the credit union, so how do you get your members in the door? Melissa Fulgenzi shares her thoughts after attending annual meetings at multiple credit unions.
Four Steps to Better Governance
Former credit union CEO and current consultant Steve Winninger shares four steps for boards of directors and their CEOs to lay the framework for successful operations.
Board Member Liability in an Age of Litigation Part 1: Duties and Case Studies
In a time of growing legal pressure for credit union board members, Patrick Sickels covers the most important legal requirements and case study examples in this two part series.
Lessons from the For-Profit Sector: Corporate Governance
The financial crisis and high profile failures of companies like Enron has prompted companies to take a harder look at their oversight and board governance. Chip Filson looks at those measures and wonders if credit unions should be doing the same.
Explore Bankers’ Embarrassment Dot Com
Why did the American Bankers Association feel the need to hide behind a proxy for their explorecreditunions.com registration? Supervising Editor Esteban Camargo dives into the recent drama surrounding the ABA and why credit unions don’t need to resort to shady tactics.
High Level Decision-Makers, Transparency, and Operating in the Weeds
When it comes to data analytics, how do you know when to dive into the details and when to take a step back? Josh Peacock is here to help you decide what is going to be most beneficial for you and your credit union, and how to not get lost in the weeds.
Why Should We Do Our Best to Change the NCUA Board Member Selection Approach?
In this op-ed originally appearing in Tell Me Why I’m Wrong, Randy Karnes explains why CUSOs need to step up and take a bigger role in the NCUA board member selection process for the sake of the industry at large.
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