Duties and Responsibilities of Credit Union Directors
September 23, 2010
Pennsylvania Credit Union Association’s Credit Union Attorneys Conference
1:30 p.m. – 3:30 p.m.The economic and legal climate places increased pressure on credit union directors to discharge their duties. This course reinforces the application of fiduciary duties to directors and officers of credit unions. Further, it offers a detailed examination of regulatory proposals issued by the National Credit Union Administration that will incorporate state, corporate-law concepts of the duty of loyalty and the duty of care into Federal regulations. New financial literacy standards applicable to directors will be discussed. Finally, the session explores governance issues relevant to credit union mergers or acquisitions, as well as charter conversions.