The times are changing, and the UFirst Federal Credit Union Board is doing its part to adapt accordingly.
According to UFirst FCU Board Vice President Virginia Brady, like the majority of credit union boards, one of the greatest challenges in terms of governance is clarifying the role of the board.
"Determining the difference between the board role as a planning group and having maybe more of a division of labor, where the board needs to be more focused on planning and strategic goals as opposed to the day-to-day operations of the credit union is something we work hard on," said Brady. "It's important to make sure we don't get enmeshed in the responsibilities of the CEO or management team of the credit union. Those roles should be clearly delineated."
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