Basic Duties and Responsibilities of Every Board

RELEASE DATE: JULY 21, 2025
DURATION: 70 MINUTES

Giving new directors early training on how a Board’s legal role can help that new director get off to a good start. This course will help a new director understand their role, the essential legal requirements spelled out in the Credit Union Act, the NCUA Rules and Regulations, and in your own bylaws. With this training, a new director can become an effective contributor to your board much more quickly.

After taking this session, new directors will:

1. Understand how credit unions differ from banks and why that is so important
2. Know the duties and responsibilities of a director
3. Be able to engage effectively in what makes a director and a Board valuable to a credit union

This session is ideal for first-term directors and associate directors who aspire to a board position. It is also great for long-term directors who need a refresher on effective governance.

MEET THE SUBJECT MATTER EXPERT

Author, consultant and speaker Tim Harrington has worked with credit unions all over the world. His progressive ideas and broad knowledge of credit union issues has made Tim a valuable resource for credit unions nationwide.  Since 1996, Tim has been President of TEAM Resources, a firm providing consulting, strategic planning, and training to credit unions from coast-to-coast. TEAM Resources’ clients range from a few million to the billions in assets. Tim’s book A Credit Union Guide to Strategic Governance has helped boards and CEOs keep a strategic focus at the board level, develop a system to help boards strengthen their governance skills, and while remaining on the Strategic Level, help push their credit union to greater success.

Tim was formerly a partner with the nation’s 3rd largest auditor of credit unions, known today as CliftonLarsonAllen. He has been working with credit unions since 1989 when he directed the internal audit of a large credit union in Tucson, Arizona. Prior to that, he was with a national accounting firm and has been practicing accounting and consulting since 1980. Tim was also appointed to the board of a troubled credit union. As chair, helped the credit union dig out losing $2 million per year to earning nearly $2 million a year within a short period of time.

Delivery Method: This training is available as an on-demand webinar, organized into chapters. Learners can choose to watch individual chapters or complete the entire program. Unlimited testing is provided as the last chapter.

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