Sustainability vs. Resilience: A Board's Guide to a Future-Proof Credit Union
In credit union boardrooms, the words "sustainability" and "resilience" are used constantly, often interchangeably. While closely
In credit union boardrooms, the words "sustainability" and "resilience" are used constantly, often interchangeably. While closely
Can you explain your credit union's entire business model on a single page? Can every member of your
Every leadership team has an inherent "risk personality." Some are predisposed to caution, meticulously analyzing every variable before
For many credit union boards, succession planning is a reactive process. A long-serving director retires, and the nominating committee scrambles
In our last article, we discussed the difference between a reactive "compliance backstop" board and a proactive "
Every credit union board fulfills a vital fiduciary duty. Directors are the diligent stewards of the institution, ensuring regulatory compliance,
Knowing your credit union's performance score is the essential first step. An 8.2 HealthScore, for example, is
We all understand the power of a single number to distill complexity. An individual’s FICO score, for instance, synthesizes
It’s a scene that plays out in boardrooms everywhere: the monthly performance review begins, and the screen fills with
A board approves a brilliant strategic plan, full of ambitious goals for growth and member service. A year later, progress
For decades, the standard strategic plan was built on a five-year forecast—a confident prediction of a single, linear future.
It’s a familiar ritual in the credit union world: the annual strategic planning retreat. The leadership team and board