Technology taking credit union boardrooms by storm.
Farouk Wang, longtime board member at the $553 million University of Hawaii Federal Credit Union, died this past weekend at age 70.
San Diego board veteran helped lead North Island, Central, Camp Pendleton and WesCorp credit unions, as well as WOCCU, CUES, CUNA DCUC and CCUL.
In talking with other volunteers in the credit union industry, I find it interesting that we almost always face the same major issues.
To excel in today’s competitive environment, boards must be willing to make bold decisions. However, bold decisions can be risky, particularly for directors worried about protecting their personal assets. Directors should feel comfortable being decisive without the threat of litigation hanging over their heads.
Some veteran board members quip they can remember the days when their biggest challenge was choosing the color for the carpet at the newest branch.
Bell dies at age 54 after serving twice as CEO of Berkeley, Calif., credit union.
I enjoyed reading Sarah Snell Cooke’s support of paying directors. I think paid directors will give credit unions another tool to manage their credit union better.
Effective communication, especially related to meetings, increases productivity, saves time and most importantly strengthens organizational leadership capacity. Surveys of executives show that they can spend up to 40% or 50% of their time in meetings. Furthermore many executives observe that up to 50% of the time people spend in meetings...
Credit union people are an eclectic bunch. When they’re all in one place, variety becomes more pronounced.