Tennessee becomes second state in past two months to take up whether to allow credit unions to compensate board members.
Measures go before House, Senate panels in Olympia; supplemental capital proposals dropped from bills.
Make clear to new board members what their responsibilities are, what’s expected of them if they are to serve the credit union. Set those standards high.
Access to supplemental capital and expanded investment options also in proposed legislation.
Connecticut regulator Mary Ellen O'Neill replaces Idaho regulator Mary Hughes on association board.
Hank Halter, a current board member at Delta Community Credit Union, has been named interim president/CEO effective Jan. 1 while the $4.3 billion cooperative continues its search for a permanent successor to replace retired CEO Rick Foley.
Louisiana credit union's Taylor succeeds Randy Smith, retired president/CEO of Randolph-Brooks FCU in Texas.
Proposal was part of 5300 Call Report changes but pulled after public comment.
Risk evaluation, insurance and bond solutions for directors and officers among services offered.
Chartway Federal Credit Union in Virginia Beach, Va., said Tuesday that it was mourning the loss of longtime board member John “Jack” McGrath.