A Direct Line - A Blog addressing issues and topics of interest for Montana credit union board members
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Starting with our "Welcome aBoard" post, our weekly blog addresses issues and topics of interest for Montana credit union board members. 

Featured ResourceDirectors' Insurance Coverage

Credit union boards should be regularly reviewing their credit unions' liability protection insurance program, and they should make sure that review extends to evaluating directors' protection against personal liability as well.  The recent article from CUNA Mutual Group -- Directors' Insurance Coverage Must Reflect Today's Risks -- lays out three important questions for credit union boards to ask and cautions directors that they should not "underestimate the possibility that regulators -- or any other plaintiff -- will come after [their] personal assets." It's a stark, but important, reminder that changes in the regulatory climate might also be changing your risk exposures.

Additional Resources

At the bottom of the page, you'll find links to past blog posts organized (loosely) into four categories. Feel free to browse. The blogs are all fairly short and provide food for thought in the areas of directors' duties and responsibilities, advocacy, working with the CEO, and ideas for strategic planning.

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