Credit union junior boards aren’t just for fun

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Michael G. Daigneault, CCDA new idea has been popping up lately among credit unions: the development of junior boards. No, I’m not talking about associate board member programs, whereby potential directors are groomed and trained for a year or two before becoming full-fledged members of your credit union’s governing board. Junior boards are a whole different animal.For example, consider the junior board of $827 million U.S. Eagle Federal Credit Union, Albuquerque, N.M., Its junior board is composed of eight teens – all upper-class high school students or college freshmen. In a recent Albuquerque Business First article, Director Pamelya Herndon, CPA, says it was “an idea to get more young women involved…What we try to teach is financial literacy, and to get other board members to come in and talk about what they do.”Here are some possible benefits of junior boards, both for the credit union and the junior board members:Junior board members can serve as a bridge (ambassadors) between the credit union and the late teen-early 20s age market. continue reading »last_img

Leave a Reply

Your email address will not be published. Required fields are marked *