They improve member service, speed up the loan process and comply with open-ended lending regulations.
"We compensate board members more out of a sense of fairness than anything else,” explained Lin Hodges, president/CEO of Associated Credit Union of Norcross, Ga.
Part two of this analysis of credit union board compensation by Credit Union Times. From our July 10 print edition.
The reaction among the roomful of credit union board members was shock and awe. Explanations for board pay vary as do questions raised.
Part one of this analysis of credit union board compensation by Credit Union Times. From our July 3 print edition.
Developing innovations to help credit unions improve members' financial lives is focus of project.
Funeral services set Saturday in Texarkana, Texas, for Joe Glenn Thornton, a former president/CEO of Texar FCU and a past director of CUNA.
The prospect of credit unions building a stronger housing finance industry received some good news last week when a new CUSO, Mortgage Liquidity Solutions, announced its first sale of participations in CU-originated mortgage loans.