Into the COVID-19 Fire to Make Things Better for Members and Staff
A strong alignment of the CEO, senior leaders and the board enabled early, effective action. We were talking with one of our clients, F&A Federal Credit Union in Monterrey Park California, the other day and were struck by their early, decisive actions in the face of the COVID-19 pandemic. (F&A was chartered in 1936 to…
Read MoreThe State Of Credit Union Governance 2020
Key findings include diversity as a priority and a desire to increase focus on strategy. For years, we’ve dreamt of studying the state of credit union governance. We know what you’re thinking: Dream bigger. Some people dream of European vacations. Fast cars. Beach houses. But for governance geeks like us, it’s often all about the…
Read MoreGood Governance: Did You Dust Off Your Old Pandemic Plan?
Key ideas about response oversight and future strategy If you’re like most in this world today, you likely feel like you’ve lived a lifetime in just the last week. I know that we have. As we write to you safely from our home offices, we send well wishes to you and everyone in your circles…
Read MoreGood Governance: The Importance Of A Truly Independent Supervisory Committee
If you’re shifting to an ‘audit’ committee instead, be careful not to sacrifice independent oversight at the altar of efficiency. We’ve seen an important trend relevant to a good number of state credit unions nationwide. It’s one of those quiet trends that we believe could—in the long run—have significant governance consequences, perhaps for the entire…
Read MoreThe Importance of Prioritizing and Valuing Diversity
Coming Together for the Common Good.
Consider multiple perspectives and build consensus— not unanimity—to ensure your CU is making good decisions. If you Google “decision-making,” we think you’ll be amazed at what comes up in the search results: “The Top 5 Decision-Making Models You Need to Know,” “Models of Decision-Making: Rational, Administrative and Retrospective Decision-Making Models,” the “Most Popular Decision-Making Models,”…
Read MoreGood Governance: An Antidote For Shifting Sands
Your strategic planning process is as important as the plan and should be ongoing. Recently, Henry Meier, SVP/general Counsel at the New York Credit Union Association penned a blog addressing “Why D.C.’s Policy Pronouncements are the Key to Economic Growth.” In it, Meier discusses the shifting sands of today’s political environment, as well as the…
Read MoreGood Governance: Being Chair Is More Challenging Than You Think
In addition to playing an important role in managing the CEO, the chairman also plays a key role in managing the board itself. When we work with credit union boards, and in particular with chairs, we’ll often start by asking the provocative question, “Should boards manage?” Immediately the resounding response, of course, is “No!” But…
Read MoreGood Governance: The Board And The CEO Should Play Doubles Tennis
The constructive partnership between directors and the chief executive is a lot like teammates on one side of the court. If you’ve spent any amount of time with us folks at Quantum Governance—either at a large, general session at a CUES conference or in a private, retreat setting, you know that we talk a lot…
Read MoreBalancing Impartiality With Voting
A best practice for chairs is to help the board look at the big picture while still having a specific opinion. At the September 2018 Board Chair Development Seminar, we asked the more than 60 attendees from all over the United States and Canada to share with us whether their board chairs voted on regular matters.…
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