Board Essentials Module 5: Board Membership Basics

The credit union’s board of directors has ultimate responsibility for the general direction and control of the credit union.  The board is responsible for appointing qualified persons as officers and for evaluating the officers’ management performance.  The credit union’s officers report directly to the board and must be approved annually.  Other major board responsibilities include:

Moreover, board members must adhere to high standards of ethics and confidentiality which require them to avoid conflicts of interest and self-serving practices.  This program will explain directors’ compulsory legal responsibilities.