Governance
For many credit union boards, succession planning is a reactive process. A long-serving director retires, and the nominating committee scrambles to find a replacement—often someone with a similar background and skill set. This "like-for-like" replacement model feels safe, but in a rapidly changing industry,
Governance
In our last article, we discussed the difference between a reactive "compliance backstop" board and a proactive "strategic asset" board. The natural next question is: How do you make that transition? The answer lies in transforming your governance from a series of meetings into a continuous,
Governance
Every credit union board fulfills a vital fiduciary duty. Directors are the diligent stewards of the institution, ensuring regulatory compliance, reviewing financial performance, and safeguarding member assets. This role as a compliance backstop is non-negotiable. But is it the board's only role? For high-performing credit unions,