Perspectives: What you need to know to serve on a credit union board

Like many people involved in the movement, the idea of serving on a credit union board is enticing. Depending on your individual goals, career ambitions, and aspirations of doing important work for a good cause, serving on a board can be challenging but also highly rewarding.

If you’re serious about becoming a board member or are just thinking about it, we’ve compiled a great general primer to aid your understanding. We’ll look at the following questions:

• Why are board members called “volunteers”?
• What are the qualifications of board members?
• What are your duties and responsibilities?
• How much time will be required of board members?
• If elected, how long would I serve on a board?
• Are there potential liabilities for service a board?

Get the answers to your questions about volunteering for your credit union board in our latest edition of Perspectives magazine, available now online.