As credit unions look ahead to 2018, there’s a lot on their minds. Many of the challenges will be the same that credit unions have faced in the past, including growth and profitability, compliance, cybersecurity, new technology, and increased competition from FinTech startups. American credit unions are also facing a problem of perception, as many Americans remain confused by the credit union “membership” model, perceiving it as a barrier to entry. In Canada, credit unions are facing new regulatory hurdles that include getting rid of banking terminology from their business. Boards of directors will be busy facing these challenges while also looking inward at board-related issues like diversity on the board, recruiting younger directors, and the security of board-level documents. [Read more…] about New Developments In Board Portals For 2018
Originally posted on December 8, 2017 @ 7:50 am