Credit Union Governance

Credit union governance involves the systems and processes that ensure the credit union operates responsibly, ethically, and in members’ best interests. It includes a board of directors elected by members who make strategic decisions, oversee management, and ensure compliance with laws. Governance also involves transparent reporting, risk management, and adherence to policies that safeguard members’ savings. Good governance promotes stability, trust, and effective decision-making, ensuring the credit union remains financially sound and focused on serving its members rather than profit.