Search
 
Commentary

Nips and Tucks Needed for Aging CU Boards

Recruitment of younger board members was a topic of much debate at the recent gathering of the National Association of Credit Union Chairmen.

By Sarah Snell Cooke | Updated on October 12, 2010

At the recent National Association of Credit Union Chairman’s annual meeting in Baltimore, the idea of board member diversification drew heated comments as it pertained to age. The agency and others, including this blogger, have been encouraging credit unions to recruit people of varying ages, educational background, ethnicities and genders to credit union boards.

Some at the conference expressed concern that they couldn’t get someone with an IT background or marketing or HR up to speed on financials within the NCUA’s proposed 90 days. I’d have to disagree; the NCUA isn’t asking IT and HR specialists to become CPAs in that time period. All the agency is seeking with its proposed reg is a baseline understanding of the financials at the credit union. And, just because someone doesn’t crunch numbers all day for a living doesn’t mean they can’t understand the financials if they want to.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Why Your CU Needs a Chief Data Officer

Why Your CU Needs a Chief Data Officer

Henry C. Meier, Esq. |

There are too many data-related questions to answer and legal issues hanging around to not have a data chief at the helm.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.