Compliance Officers Plug Leaks, Bail Water Aboard the Good Ship Credit Union
My father recently asked me what I do for a living. I help fix leaks, I told him. As usual, he shook his head and walked away.
Paternal disdain aside, I think the analogy is perfect. Credit unions can be seen as a boat. The board of directors picks the destination, and the CEO dons a captain's cap and gets to work. What does compliance do on the U.S.S. Credit Union?