Written by Frank Diekmann & Originally published on thecudaily.com
SAN DIEGO–Credit unions and their boards have begun to take the question of board governance much more seriously, as it can be a defining factor in whether a CU prospers, stagnates or even ends up filing its final 5300.
But what makes for good governance practices, what is happening in credit unions right now, and what should they be doing in 2026 and beyond?
Two people who are immersed in the issue are offering their insights.
Board governance is the system of rules, practices, and processes that guides a board of directors in directing and controlling an organization, is one of the core areas of expertise offered by DDJ Myers, the leadership consulting and executive search firm that says it helps CUs with talent management, governance, cultural change, and optimizing both human capital and financial performance. […]
