X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Compensating credit union board members–It’s an idea whose time has come! This is another example of a much-needed modernization to ensure credit unions remain viable financial institutions. Paul Gentile was absolutely right when he said in his August 8, 2007 column, “It’s all about the members, not the volunteers.”

Compensating board members will help to ensure credit union boards are well balanced professionally and demographically to reflect the members they serve. The increased competition to fill vacant board seats will give credit unions the broadest and best selection of available talent. As an industry or as a movement–take your pick–we need the most qualified, and they may not always be the most available. We need to establish added motivation for new board members; motivation that will bring a variety of skills to our industry to better ensure its continued growth, profitability and expanded member services.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.