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Deposit Insurance Isn't the Only Safety, Soundness Issue

Credit union boards are to be commended for keeping credit unions out of the direct line of fire in the current financial crisis. Their experience and training has been crucial.

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Credit union boards are to be commended for keeping credit unions out of the direct line of fire in the current financial crisis. Their experience and training has been crucial.

Credit unions are predisposed to conservative tendencies by their very nature because they represent the good of the membership and not the profit margins of stockholders. This attitude has served them well. The volunteer credit union directors take on a heap of responsibility with little to no compensation.

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