2 Ways To Ensure A Smooth Board Transition

Associate and emeritus positions prepare new members for board responsibilities and pass on institutional knowledge from veteran members.

By Sharon Simpson  Creditunions.com
When BMI Federal Credit Union ($386.6M, Dublin, OH) faced the challenge of how to make the most out of board vacancies, it developed two programs geared toward facilitating a smooth succession and retaining the invaluable experience of long-time board members. The first program — an associate board member position — gives newcomers the opportunity to learn about credit union operations and board responsibilities before becoming a full-fledged board member while the second program — an emeritus board member position — allows experienced board members to stay involved and pass on important knowledge.
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