Attendees of CUNA's 2015 National Credit Union Roundtable for Board Leadership share their takeaways:
►A strong credit union doesn’t necessarily equal a strong board.
►Focus on growth!
►Interesting discussion on board compensation. Be careful what you wish for, however. How do we balance that expense when it might mean raising rates and cutting dividends for members? Are paid board members necessarily smarter?
►The trend toward more oversight—not less—is frightening, especially for small credit unions.
►The idea of making the best use of your tax exemption resonates. A lot of community banks in our areas say we don’t pay taxes, and one of our responses is that yes, we pay taxes by performing community service.