For many credit unions, a long-tenured board is a normal course of business. However, in today’s evolving world, it’s critical that board members stay current, informed and well-educated. Indeed, nonprofit board members are legally bound by what we often call the three D’s: the Duty of Care, the Duty of Loyalty and the Duty of Obedience. Together, the three duties require today’s board member to actively participate, be (always!) informed, and ensure that the organization compli...
