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What Can Be Learned From the Crisis?

The world as we know it is in a continuous state of change for credit union directors.

Stuart R. Levine

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? 

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