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.
This provocative topic is the focus of this preview from next week's print edition of Credit Union Times.
Call Ed Speed, CEO of $1.8 billion Texas Dow Employees Credit Union in Lake Jackson, Texas, a maverick. That is a reputation he has won as he has pulled his institution out of credit union industry mainstays such as CUNA and the Texas league.
CUES has tapped nine industry experts as advisers to the new Center for Credit Union Board Excellence.
The Filene Research Institute is taking a closer look at effective board governance and needs input from current and former credit union board members.