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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.
CUs could see their capital buffers cut by
billions if proposal advances, CUNA says.
Credit Union Magazine
Risk is the four-letter word first and foremost in every regulator's mind.
That's why it's critical for CUs to pay attention to new developments in
each of the seven risk factors NCUA identifies in its Examiner's Guide. These developments
might affect your examinations.