LAS VEGAS — When is it obvious that a director is "micro-managing" operations and the paid staff of the credit union? Is standing in the lobby asking questions of members and staff an example of "micro management."

"Certainly not," declared Bob Kravetz, chairman of the Department of Labor FCU in Washington responding to heated questions during an exchange at the National Directors Convention Thursday.

Kravetz, moderator of a break-out session on "Governance Basics for New Directors," told attendees he routinely spends time in the branch lobby chatting with members about CU services and if he receives negative comments he passes those on to the CEO.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.