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.
Weak economy, low interest rates and most of all, regulatory burden, cited in responses.
Ned Wertimer was 30-year-plus volunteer at AFTRA-SAG FCU in Burbank, Calif.
No job is harder for a board of directors of a credit union, but no job is more crucial than knowing when to separate the cooperative from a lagging chief executive officer and having the strength to act.
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.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
Lacamas Community Credit Union breaks ground for new branch in Vancouver, Wash.