KBID 832 Date Created: 12/2/2003 Date Modified: 12/2/2003
Major Responsibilities
The Board of Directors has the responsibility to maintain the general direction and control of the credit union. This includes directing the credit union in accordance with the federal or state credit union act, the bylaws, sound business practices and other rules and regulations. The Board is also required to perform additional actions and powers that might be necessary as laws and regulations change. The Board generally meets once per month.
Through the ongoing management process of planning, organizing, directing, coordinating and controlling the Board serves five major functions:
•
Specific Duties