New Rules Present New Risks For Credit Union Directors

CUNA Mutual Group writes that the establishment of new fiduciary and financial literacy rules for directors of federally chartered credit unions, coupled with economic challenges and more litigation, has greatly increased personal risk exposure for credit union decision-makers.

Golden Parachute Rule Curtails Payouts at Troubled CUs

The rule also limits a federally insured credit union’s ability to provide indemnification.

CUNA Mutual Answers Volunteer Indemnification FAQs

With volunteers’ fiduciary duties changing, CUNA Mutual suggests questions to ask your liability policy provider about your D&O coverage.