Effective governance practices form the foundation and direction for how a credit union operates. A credit union’s financial discipline, risk appetite and execution of strategy are centered around sound decision-making by the Board. Member-elected Boards need to ensure that they have the skills and capabilities to deliver on their fiduciary accountabilities. Financial institutions need to ensure they are making prudent decisions while facing ever increasing, and sometimes competing demands, from both internal and external factors. We keep up to date on industry best practices around governance because we understand how vital it is to you and your members.
Our team is well positioned to assist with:
- Conducting board evaluations to help your Board assess its performance, regulatory compliance and recommended actions to enhance existing governance practices.
- Facilitating board training and workshops in the areas of credit, enterprise risk management, capital, liquidity, governance, and more.
- Assisting your Board with completing competency assessments and succession planning so that your Board remains at full strength to plan for the future.