Conference attendees were spitting bullets and seemed ready to pummel various matters, and a few people, that got in the way of slaying the beast.
What was billed as a presentation on essentials in credit union board financial education essentials evolved into discussion of topics ranging from the NCUA's director education requirements to peer comparisons.
Credit union boards must be shaped for the present and the future because credit union history is unlike anything we have seen.
The NCUA’s financial literacy regulation for board members seeks to ensure that those delegated to carry out the operations of the credit union have the necessary skills, knowledge and experience. In addition, directors must understand essential accounting principles and correctly interpret their credit union’s balance sheets and income statements. These...