Corporate Governance in Credit Unions: What Matters Most to NCUA
Download MP3This Archive Thursday episode of With Flying Colors revisits a timely and important topic: corporate governance. Mark is joined by former NCUA colleagues Todd Miller and Steve Farrar to explore why governance issues are at the heart of many troubled credit unions.
They cover:
- How poor governance can sink an institution — and how strong governance can turn it around.
- The importance of tone at the top, ethics, and board oversight.
- Why diversity of skills, demographics, and perspectives matters for boards.
- The regulatory framework: NCUA’s limited guidance versus FDIC’s more robust tools.
- Resources for directors, including FDIC pocket guides, training, and self-assessments.
- Real-world stories from examinations, conservatorships, and boardrooms.
Whether you’re a director, executive, or examiner, this episode highlights why governance is more than compliance — it’s culture, accountability, and the foundation of credit union safety and soundness.
