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||In this Q&A, Hank Hubbard describes the segmentation strategy of Communicating Arts Credit Union, Detroit. A CUES member, Hubbard is president/CEO of the $30 million CU.
Why CUs should stress test balance sheets and more in today’s economic environment
Daigneault explains that boards should engage in the evaluation of their CEO on two different levels: annual strategic goals and ongoing goals
From ALM to Reg Z, attorney takes inventory of 53 guidelines (up from 41 in 2011) that directors must set for their CUs.
How would you introduce assessments into your governance process? It could be formal or informal.
They’re not just for fun.
Build a strong board.
Plan for success.
Improve fiscal oversight.
Learn how to mitigate risk.
Strengthen board/CEO alignment.
Enhance committee effectiveness.
Influence public policy affecting credit unions.