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Ask Questions About Your D&O Coverage

January 31, 2011
Federal credit union directors face redefined fiduciary duties and additional indemnification limitations. READ MORE

NCUA Rule Requires Board Financial Literacy

January 01, 2011
The NCUA Board approved a final rule clarifying credit union directors’ fiduciary duties and providing additional provisions for insured credit union conversions and mergers. READ MORE

Rely on Valid Compensation Survey Data

December 09, 2010
Board compensation decisions will continue to be a point of emphasis in today’s regulatory environment. READ MORE

Optimize Your Board’s Meeting Agenda

December 01, 2010
Spend more time on strategy and less on operational matters. READ MORE

CEO Succession Plans Lacking at CUs

November 02, 2010
Survey says boards don't spend enough time preparing for succession. READ MORE

Five Strategies for a Peak-Performing Board

October 10, 2010
Your directors contribute—good or bad—to your CU’s legacy. READ MORE

'It's Not a Bailout'

September 30, 2010
It's important to correct any misperceptions about the corporate credit union and legacy asset plans. READ MORE

Raising the Board Bar

September 29, 2010
Following the calamities on Wall Street, regulators worldwide are taking a closer look at governance. READ MORE

Succession Planning: Have a Strong Bench

September 29, 2010
Many CEOs delayed retirement to steer their CUs through tough times and to replenish their recession-depleted retirement funds. READ MORE

Revisit CU Emergency Preparedness Plans

September 24, 2010
With an active hurricane season well underway, it's a good reminder for boards and CUs to revisit business continuity and disaster preparedness plans. READ MORE
May Cover

Credit Union Magazine

• May digital edition

May 2013

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Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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