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CUNA Board Reviews System and Governance Report
Monday, September 21, 2015 6:45 AM

The Credit Union National Association Board of Directors met this week to review the System Structure and Governance Task Force’s findings and recommendations. The board distributed the report to member credit unions Friday and voted on several resolutions that will enhance the close partnership between CUNA and the leagues and further strengthen their shared advocacy efforts on behalf of CUNA’s member credit unions.

CUNA Board Chairwoman and Woodstone CU President/CEO Susan Streifel said, “While the board did not adopt all of the Task Force’s specific recommendations, we embrace what we consider to be the central conclusion of the report: Advocacy must be at the heart of CUNA’s purpose. In order to be the most effective national advocacy organization, CUNA and league interdependence is essential.”

The Task Force report cited credit union advocacy as the heart of its deliberations and recommendations, which included enhancing cooperation and interdependence between CUNA and leagues, streamlining the CUNA board structure, and offering credit unions choice of membership in CUNA and/or a league. Task Force members strongly believe that an enhanced, interdependent credit union system is critical to achieve the strongest advocacy results.

The board voted to adopt resolutions that will enhance advocacy efforts on behalf of CUNA’s member credit unions by strengthening the close partnership between CUNA and the leagues. The board believes the most effective advocacy model for credit unions is one in which credit unions are members of both their league and CUNA. As a result, the board took action to preserve the current membership structure.

"I am encouraged by the depth of their conversation and the results," said Cornerstone Credit Union League President and CEO Dick Ensweiler. "We are a tremendous credit union system when leagues and CUNA work closely together to provide the advocacy functions credit unions expect of us. This united system has served us well for many years. Encouraging even tighter interdependence between leagues and CUNA will surely enhance the strength of the partnership and what we can accomplish."

The Board also voted to maintain its current size of 24 directors. The board referred other Task Force recommendations regarding its nomination process and governance policies to an ad hoc committee to be appointed by Chairwoman Streifel. That committee will report its findings back to the full board.

For more on this development, please visit CUNA.