Author Archive for: ksmith

Entries by Kevin Smith

Take Responsibility for Your Financial Literacy

Take Responsibility for Your Financial Literacy (This post is also available in the March 2017 edition of the CUNA Directors’ Newsletter.) Regulators hold volunteers accountable for understanding key measures and ratios that indicate a CU’s health. Picture this scenario:  It’s time for the annual exit interview with credit union regulators. You’ve been told they finished […]

The Governance Spectrum: Balance Between Too Strong & Too Weak

(From the forthcoming TEAM Resources publication: A Basic Credit Union Governance Guide for Credit Unions, by Tim Harrington and Kevin Smith) In our experiences, there is a range of board member behavior, from too weak to too strong. This represents the Governance Spectrum. The left side of the spectrum represents boards that are too strong, too involved […]

Mind the Gap: Communicating the Strategic Plan

We’re headlong into planning and budgeting season, and after reviewing a few plans, a couple of things have occurred to me about communicating the strategic plan. Have you ever noticed that no one ever has a new strategic planning document that simply says, “Just keep doing what we’re doing. Things are going great”? And rightly […]

Board Leadership: Preparing the Chair

  In a recent survey of nonprofits, 51% of board chairs said they “did nothing specific to prepare” for the role of chair. That’s a pretty staggering number. The survey “Voices of Board Chairs” from the Alliance for Nonprofit Management reported on the experience of 635 nonprofit board chairs from across the United States. Of […]

What About Us?! Supervisory Committees: The Stepchildren of the Credit Union World

Guest Post: Kevin Smith, Publisher/Consultant, TEAM Resources There’s no lack of training opportunities for credit union volunteers, from the exotic to the pragmatic. But if you look carefully at the training, you’ll see that it’s generally not as inclusive as the word “volunteer” is supposed to imply. (Volunteer = directors, ALCO members, credit committee members, […]

Governance & Mergers … or Mergers & Governance

D’oh! I just said the “M” word. Shhhhhh! We don’t want to talk about that. The leadership in the credit union movement treats merger talk as verboten. You don’t see much on conference agendas, or on webinars. And I get it – talking about it might come across as endorsing it, and there’s a school […]

The Role of the Board Chair

The Role of the Board Chair Recently I had the chance to spend some time with a great group of board members at that National Association of Credit Union Chairmen (NACUC) – Leadership Development Seminar. One of the things we talked about was the role of the board chair. I thought this well worth putting […]

How to Make the CEOs Job More Difficult Than It Has to Be

Guest Post by TEAM Resources Publisher, Kevin Smith Nobody disputes the fact that credit union CEOs have tough jobs. There are millions things to keep up with in a challenging environment; technologies, economics, regulations, leadership, staff issues and development … oh yea and “managing” a board of directors made up of volunteers who (generally) don’t […]

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