Role and Responsibilities of the Board Policy Template for Credit Union

The Board is the ultimate legal authority within the governance structure of the Credit Union, but it can only act through the majority consensus of its individual Board members, who are charged with making decisions as fiduciaries in the best interests of the Credit Union and its members. 
The Board acts collectively through its Board members and speaks “with one voice,” once the Board has reached a consensus decision through the individual votes of its Board members. Once a Board has voted, it is the duty of each Board member to uphold the decision of the Board, regardless of his or her individual vote on the matter.