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.
From new to the credit union industry to CU board chair in five years, Kurt Hansen recounts his journey and suggests others follow in his foot steps, walking the talk, and engaging with credit unions and their leaders.