Credit Union Bylaws: Understanding & Assessing Your Governance Documents
Bylaws are the rules adopted by the board that govern the internal operation of the credit union. From the relationship with members, to board duties and Supervisory Committee powers, to dividend declaration, the bylaws control the essential elements of credit union affairs. Unfortunately, this important document is an often-overlooked guidance source. More troubling is the fact that some credit unions fail to update their bylaws with new board resolutions leaving them incomplete or, worse, inaccurate. The importance of bylaws has grown because they have been re-incorporated into NCUA regulations and have become the subject of increased regulatory examination to protect “fundamental member rights.” Bylaws must meet the credit union’s needs and pass regulatory scrutiny. Will yours pass the test?
Recorded Thursday, January 22, 2015
- Understanding the role of governance documents
- Key decision points in bylaws selection
- Essential elements of bylaws review
- Recent regulatory guidance
- Avoiding governance landmines
- TAKE-AWAY TOOLKIT
- Bylaws review checklist
- NCUA standard bylaws
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for executives, Board members, Supervisory Committee members, compliance staff, internal auditors, and anyone interested in credit union governance.
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