Technology improves board governance

Today’s fast-paced financial services environment is forcing credit unions to be more responsive — and more flexible — than ever before. For a credit union’s board of directors, this means having a secure channel to streamline communications between board members that can facilitate quick, seamless responses to planned and unplanned events as they arise and increasingly, credit unions and their boards are leveraging board portal technology to achieve this.

Why Board Portals Matter

First and foremost, a board portal provides a secure channel for credit union executives to access institution information anywhere, at any time. Board members no longer have to wait for a printed board packet to arrive in the mail, as they can now access all of their documents digitally, through a laptop, or even a tablet, if they so choose. This benefits members as it affords them additional time to prepare for meetings through prior review of the agenda, consideration of critical decisions beforehand, and input of any changes ahead of the meeting. From a convenience standpoint, this also allows them to directly access important information while they’re mobile and on the go. For credit unions with board members not in the same geographic location, board portals save time and money on travel, while allowing executives to engage in secure discussions from literally anywhere in the world.

 

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