Credit union boards are to be commended for keeping credit unions out of the direct line of fire in the current financial crisis. Their experience and training has been crucial.

Credit unions are predisposed to conservative tendencies by their very nature because they represent the good of the membership and not the profit margins of stockholders. This attitude has served them well. The volunteer credit union directors take on a heap of responsibility with little to no compensation.

For the sake of the credit union movement and the individual credit unions, maintaining and even supplementing board member education is critical. Budgets are tight as we all know, and travel is often the first to take the hit. In recognition of this, many organizations are now offering Webinars and other online tools for continuing education.