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Building a Board for Today’s Credit Union Challenges

PRINT PREVIEW: Experts give some ideas for building a credit union board better suited for the future.

School is out, but given fintech evolution, digital transformation and cybersecurity threats, credit union planners must provide a learning environment and add directors with specific competencies for better board composition.

Add in the customary fiduciary and regulatory aspects of its duties, that most board positions remain unpaid, and the financial services landscape is becoming increasingly difficult to navigate, and choosing credit union board members can be difficult.

Brandi Quinn, SVP of enterprise reporting at St. Petersburg, Fla.-based CUSO PSCU, which has established its own set of criteria for building a successful and knowledgeable board, passed along some ideas to help credit unions with their board decisions:

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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