The proliferation of mobile and digital technology tools, including tablets, smartphones, apps, social networking and the cloud, has led in recent years to a shift in communication, governance and management practices.

Using mobile and virtual technology, board portals are enabling board members to perform their duties anytime, anywhere. This includes credit unions, whose boards of directors are under more pressure than ever to help the institutions thrive while embracing new, efficient technologies. While most credit unions today offer their members person-to-person payment apps and state-of-the-art mobile capabilities, credit unions are now beginning to recognize that secure board portals enable boards to become more reliable, save money and ensure more effective decision-making.

New technology helps credit unions turn data into information, information into insights and insights into solid decision-making and effective governance. With the Dodd-Frank Act closer to full implementation, financial services firms need even more efficient operations to ensure compliance.

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