Vice Chairman Hood Highlights Board Development and Succession Planning
During Conference in Asheville, NC
July 24, 2006, Alexandria, VA- National Credit Union Administration (NCUA) Vice Chairman Rodney Hood served as a featured speaker for the SE Regional Director’s Conference in Asheville, North Carolina today. Vice Chairman Hood commended the dedicated service of credit union volunteers and discussed the importance of board development and succession planning to ensure continuity of leadership within credit unions.
“It is truly an honor to address those attending the SE Regional Director’s Conference in my home state of North Carolina,” said Vice Chairman Hood. “Volunteers generously give their time, energy, and expertise to serve an important cause, often times at a significant sacrifice. Credit unions embody the spirit of volunteerism and it is symbolized in those who voluntarily provide leadership to their boards. “
In addition to commending credit union board volunteers for their service during his speech, Vice Chairman Hood also emphasized the importance of succession planning in credit union board leadership, and the development of core competencies essential to developing trends in the credit union industry. “The safety and soundness of credit unions greatly depends upon maintaining healthy continuity of leadership on their volunteer boards, “said Vice Chairman Hood. “I encourage all credit union board officers to make the development of future volunteer leadership a key priority of their service.”
After the SE Regional Director’s Conference, Vice Chairman Hood met with Doug Roth, President and CEO of United Services Credit Union in Asheville, NC. “I enjoyed meeting with Mr. Roth,” said Vice Chairman Hood. “It is wonderful to see first hand a credit union that truly personifies the spirit of serving the underserved.”
The National Credit Union Administration is the independent federal agency that charters and supervises federal credit unions. NCUA, with the backing of the full faith and credit of the U.S. government, operates the National Credit Union Share Insurance Fund (NCUSIF), insuring the savings of nearly 85 million account holders in all federal credit unions and majority of state-chartered credit unions. NCUA is funded by credit unions, not tax dollars.
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