SEATTLE–It seems so simple: the credit union’s board supervises the CEO; the CEO supervises the staff, and if the board is unhappy with staff or CU performance, they should replace the CEO. And yet it seldom is so simple.
THE boost
SEATTLE–It seems so simple: the credit union’s board supervises the CEO; the CEO supervises the staff, and if the board is unhappy with staff or CU performance, they should replace the CEO. And yet it seldom is so simple.
SEATTLE–Seeking greater diversity on your credit union’s board? You may not be starting in the right place.
SEATTLE–A critical piece of board governance at any credit union is the role of board committees and supervisory committees, according to one former CU CEO and regulator who acknowledged how a credit union addresses duties of each can make for strong governance—or a lot of counterproductive tension.
SEATTLE–Credit unions dealing with ever-more complex challenges most often respond at the management level. But it’s good governance at the board level that can really be a difference maker in responding to those challenges, according to one person.
SEATTLE–It remains the largest-ever failure by a U.S. financial institution—and it offers valuable lessons for credit unions in how a board failed in its duties.
LANSING, Mich.–Michigan State University FCU used Amazon Prime Day to teach some lessons about using credit responsibly.
SANTA ROSA, Calif.— Redwood Credit Union here has partnered with three other Sonoma County businesses—hybridCore Homes and Friedman’s Home Improvement––in aiming to help local homeowners add affordable cottages/“granny” units to their property as accessory dwelling units (ADUs) for a family member, caregiver, rental income, or other reasons.
SAN DIEGO–What is the future for the corporate credit union system? Three people at the NASCUS Summit here offered their takes on that question, including how corporates can play a role in driving growth.
CINCINNATI—The growing interest in leasing has led to the introduction of an online marketplace where consumers can shop for lease deals nationwide.