School may be out, but given the ongoing fintech evolution, digital transformation and cybersecurity threats, credit union leaders must provide a learning environment for staff and add directors with specific competencies for better board composition.

Take into account the customary fiduciary and regulatory aspects of their duties, plus the fact 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 tricky.

Brandi Quinn, SVP of enterprise reporting at the 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:

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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