A Direct Line - A Blog addressing issues and topics of interest for Montana credit union board members
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Our weekly blog addresses issues and topics of interest for Montana credit union board members. 

Is Your Board Doing its Job?

In early July, CUToday.info reported on a recent presentation on internal fraud that attorney Chrisopher Pippett gave to a group of credit union directors. Pippett believes that many credit union boards are not duing their jobs when it comes to overseeing employee theft, and to prove his assertion he points to the fact that the CEO or manager perpetrated 17 of the 23 cases of internal fraud at credit unions since 2013. Read the entire article to find out what Pippett says about the role credit union boards can take to combat internal fraud. He also lays out a number of key policies and procedures boards should make certain are in place to regularly monitor for fraud.

At the bottom of this 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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