See that, behind me?
That's a credit union.
A credit union is owned
by members. Members are people like you
and me who save and borrow money at the credit union.
Members have to make important
decisions about how the credit union operates. To make those
decisions, they elect a group of people to represent them. These
representatives are called directors.
inside, and let's meet the directors!
Credit union directors
make a wide assortment of decisions. Usually they focus on general
issues, called strategies. They rely on the credit union's managers
to make specific, or tactical, decisions.
Some questions directors
- Whom should we serve?
- Are we lending money responsibly?
- Is the credit union's president doing a good job?
- Should we build a new office across town?
- Should we sponsor more community events?
- Are our loan rates competitive?