The world as we know it is in a continuous state of change for credit union directors. The new proposed NCUA regulations will require increased board leadership, transparency and communication that is different than a "check the box" mentality. What important leadership lessons are to be learned so that your board can make better decisions and maintain member trust?

Poor decisions made by managers of financial institutions during the recent economic crisis have impacted many and led to a significant lack of trust in our country's financial system and our country's regulatory oversight. What do you need to do as a credit union board member and what does your board need to do to be ready? 

Governance may appear to be a vague term that has more relevance to publicly traded companies than credit union boards. I would respectfully encourage credit union board members to expand their knowledge about governance and the impact it will have on your credit union and the members your serve. There are many forward-thinking credit unions who buy into the need for good governance, and probably just as many that are slow to adapt to the changing landscape.