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BECU To Pay Stipends To Directors, Audit Committee

SEATTLE (11/12/13)--The nation's fourth-largest credit union announced it plans to compensate its directors and Audit Committee members beginning in 2014.

Seattle-based BECU, which has more than 825,000 members and more than $11.5 billion in assets, informed members of the plans Nov. 5 on its News Center website. It noted that effective this past July 28, state law allows state-chartered credit unions such as BECU to reasonably compensate directors and Audit Committee members. Read more.

new — Cautionary Tales from the Boardroom

In the sixth installment of this series, Jeff Rendel of Rising Above Enterprises shares another difficult situation from a credit union boardroom. Jeff talks about a board chair with a skewed sense of his responsibility. Hear what the problem was and a variety of ways to work in a more functional way. See other installments of Cautionary Tales from the Boardroom.

WHITE Paper — Enterprise-wide Risk Management IS the Board's Fiduciary and Legal Responsibility

Directors Newsletter

Good Communication Overcomes Obstacles Successful

marketing campaigns often rely on getting back to the basics.

Credit Union Magazine

A CUSO Evolution

CU service organizations (CUSOs) have come a long way during the past few decades. In the early days, CUs formed CUSOs so they could provide services that, at the time, they weren't allowed to offer themselves, such as investment services. Today, you can find CUSOs that do just about anything CUs need.