UNDERSTANDING FIDUCIARY DUTIES

It is critical that directors and volunteers fully understand their fiduciary roles within the credit union. This is especially the case in the current economic, regulatory and legal environments. Join attorney, credit union consultant and former NCUA Chief of Staff Kirk Cuevas as he provides a complete assessment of the fiduciary duties associated with being a credit union director. Topics covered will include the following:

• General Fiduciary Duties of Board Members, including Duty of Obedience, Care and Loyalty
• Board Member Liability Exposure
• Impact of Recent Changes to Part 701 of NCUA Rules and Regulations
• Fundamental Responsibilities of Directors