What I Learned After My First Credit Union Board Meeting
CUSO Magazine’s Esteban Camargo shares his experience on becoming a credit union board member, what he’s learned so far, and what advice he has for fellow newcomers to the world of credit union board governance.
Why an Oath for Credit Union Directors and Officers is Desirable
Chip Filson takes a look at oaths of office, whether they’re required of credit union directors, and if they should be.
Top 10 CUSO Magazine Articles of 2022
As we move into 2023, the CUSO Magazine team took a moment to reflect on 2022 by sharing the most widely read articles of the year.
Board Entrenchment and the Question of Compensation and Term Limits
Credit unions struggle with finding new board members, but that might be the design of an entrenched board of directors. Esteban Camargo discusses the risks of director entrenchment and what leaders might do to combat it.
An Unexpected Surprise From a Competitive Board Election at Frontwave
Chip Filson recounts the recent surprise one credit union faced when it received an unexpected response to a call for board candidates. What can credit unions learn from Frontwave to boost the candidate pools of their own board elections?
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.
The Key to Credit Unions’ Future: Trust Each Other
Chip Filson says an often overlooked element of the credit union model is the trust and involvement of regular member-owners in their credit union. By placing more trust in the member-owner, we are strengthening our credit unions, not burdening them.
Getting the Best Leadership for the NCUA
NCUA board member selection is a process that has slipped away from the credit union industry. One in which board members are not selected based on their familiarity or connection to the industry, but thanks to political favors. Chip Filson says it’s time credit unions spoke up and changed this.
Thoughts on Mergers: The Tallest Candlestick Ain’t Much Good Without a Wick
Is the race to merge folly? Chip Filson believes that by discarding member focus and legacy for the sake of growth we undermine the public’s faith in cooperative design. And that might spell disaster for credit unions in the long run.
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.
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