Embracing our New (Virtual) Reality

I saw an interview recently in which author, American diplomat and former State Department official Richard Haas observed that the COVID-19 pandemic is not so much a turning point for our society, but an accelerant.  His comments alluded to the idea that trends only just beginning to emerge before the pandemic, have been “fast-tracked” and…

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The State Of Credit Union Governance 2020

Key findings include diversity as a priority and a desire to increase focus on strategy. For years, we’ve dreamt of studying the state of credit union governance. We know what you’re thinking: Dream bigger. Some people dream of European vacations. Fast cars. Beach houses. But for governance geeks like us, it’s often all about the…

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Good Governance: The Importance Of A Truly Independent Supervisory Committee

If you’re shifting to an ‘audit’ committee instead, be careful not to sacrifice independent oversight at the altar of efficiency. We’ve seen an important trend relevant to a good number of state credit unions nationwide. It’s one of those quiet trends that we believe could—in the long run—have significant governance consequences, perhaps for the entire…

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Coming Together for the Common Good.

Consider multiple perspectives and build consensus— not unanimity—to ensure your CU is making good decisions. If you Google “decision-making,” we think you’ll be amazed at what comes up in the search results: “The Top 5 Decision-Making Models You Need to Know,” “Models of Decision-Making: Rational, Administrative and Retrospective Decision-Making Models,” the “Most Popular Decision-Making Models,”…

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Good Governance: An Antidote For Shifting Sands

Your strategic planning process is as important as the plan and should be ongoing. Recently, Henry Meier, SVP/general Counsel at the New York Credit Union Association penned a blog addressing “Why D.C.’s Policy Pronouncements are the Key to Economic Growth.” In it, Meier discusses the shifting sands of today’s political environment, as well as the…

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Good Governance: Being Chair Is More Challenging Than You Think

In addition to playing an important role in managing the CEO, the chairman also plays a key role in managing the board itself. When we work with credit union boards, and in particular with chairs, we’ll often start by asking the provocative question, “Should boards manage?” Immediately the resounding response, of course, is “No!” But…

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