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Board Governance
Board Financial Training
According to a recently-passed NCUA regulation, credit union board members must “have at least a working familiarity with basic finance and accounting practices.” HRN Performance Solutions understands that this regulation may not describe all your credit union board members, so our Strategic Services is here to teach boards how to meet this requirement and provides testing and a certificate of completion at the end of training.
Board Governance Training & Maintenance
The goals of our Board Governance Training are to help your credit union focus more on your membership, reduce the length of board meetings, enable you to give more time and attention to your staff and discourage “renegade” activities. Utilizing the Carver Board Governance model, we can help your credit union:
- Rewrite policies to clarify the roles of the board and CEO
- Streamline board and CEO authority and approval activity
- Outline the benefits your members receive and implement a plan to grade success
- Decrease liability for your board and CEO
Board and Management Strategic Performance Assessment
Promoting best practices at your credit union should include a performance assessment of your board and CEO. Our Strategic Performance Assessment program can help your credit union set goals in a balanced scorecard format, evaluate your success and determine what you need to focus on in the future. A well-balanced plan should include goals to benefit your membership, financial responsibility, board achievements and management oversight. The end result? A stronger board and credit union.
Mergers & Acquisitions
If your credit union is exploring the pros and cons of a merger, our consulting experts can guide you to make the best decision for your credit union and its members. We’ll advise you on:
- How the process works
- How to determine if a potential merger partner is a good fit for your credit union
- How to protect the staff and board
- How to market and brand the merger for success
- What forms to complete for NCUA and state approval
- How to finalize the conversion – and much more!
