article thumbnail

Assessing Board Performance: Best Practices for Community Banks

Board Effect

Behind every community bank or credit union is a hardworking board. Community banking organizations can only get an accurate view of board performance through annual board evaluations that incorporate best practices for board assessments , with attention to individual performances and the board as a whole.

article thumbnail

A Board Effectiveness Checklist Helping Community Banks Better Fulfill Their Responsibilities

Board Effect

Recognize all of these challenges facing your community bank? Addressing these requires community banks to be nimble, innovative, and focused on building strong relationships with their customers. How does your community bank measure up against these top 10 characteristics on our board effectiveness checklist?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Board Effectiveness Checklist Helping Community Banks Better Fulfill Their Responsibilities

Board Effect

Recognize all of these challenges facing your community bank? Addressing these requires community banks to be nimble, innovative, and focused on building strong relationships with their customers. How does your community bank measure up against these top 10 characteristics on our board effectiveness checklist?

article thumbnail

Setting Community Bank Board?Expectations to Increase Effectiveness

Board Effect

As a CEO or board director of a community bank, you have a personal stake in improving the effectiveness of your board. Enhancing decision-making, strategic planning, and governance practices within your board can directly contribute to the success of your bank in serving customers and making a positive impact on the community you serve.

article thumbnail

Unlocking Success: Empowering Community Banks with Governance Management Software

Board Effect

While “data governance” may not be a term we hear that often, it has immense influence on how community banks and credit unions collect and utilize data to drive their operations. Community bank boards and senior executives use data to control, influence and regulate people, actions and events.

article thumbnail

How VCs, Accelerators, and Coworking Spaces Put Communities in Buildings vs. Buildings in Communities

This is going to be BIG.

I'll bet you don't know where the Center of NY's Tech Community and Center of Creativity is. In fact, it is "well-known internationally as the original home of New York's technology community.". Sun's space was for it's customer assistance unit and Cornell just had a demo space patched into a supercomputer back on campus.

Community 124
article thumbnail

6 Ways Credit Unions Can Reach Data Maturity with Smart Technology Use

Board Effect

By tapping into data analytics, Delta Community Credit Union (DCCU) in Georgia has built a comprehensive view of members’ preferences and needs. These types of collaborative partnerships, powered by technology innovations, are one way that organizations can work together to both use data and serve communities.