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.
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?
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.
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.
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.
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.
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.
Struggling to find candidates for your credit union’s board of directors? River Valley Credit Union found a way to not only identify potential future board members, but have them come in with the experience to hit the job running.