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Nine is the Lucky Number for CU Boards

WASHINGTON-If consistency is a key to success, credit unions have it. Almost half of credit union boards are composed of nine members, according to NAFCU's November Flash Report. Another 34% have seven and 6% have 11 board members. The Flash also found that 6% of credit union boards have five...

By Staff Writer | Updated on December 09, 2003

WASHINGTON-If consistency is a key to success, credit unions have it. Almost half of credit union boards are composed of nine members, according to NAFCU’s November Flash Report. Another 34% have seven and 6% have 11 board members. The Flash also found that 6% of credit union boards have five board members and just 4% have more than 11 members. Only 1% of respondents said that they planned to adjust the number of board members at their credit union in the coming year.

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