MADISON, Wis. (9/12/13)--A new series of board effectiveness tools are available through the Credit Union National Association's partnership with The Paragon Group.
The Paragon Group, based in Olympia, Wash., provides board effectiveness evaluations that allow directors to regularly review board performance and make changes while keeping essential traditions alive.
"Credit unions are a great fit for the Paragon attitude toward effective board performance," said Kevin Smith, CUNA director of learning events. "Credit union boards need members capable of strategic decision-making, who can ask questions and incite change, all while upholding traditional credit union ideals."
The assessment tools include:
Board competencies. Board members identify the competencies needed, assess the current level of skills and identify areas that need strengthening.
Board effectiveness. Board members evaluate the performance of the board of directors to identify strengths and areas of improvement.
Personal contributions. Individuals evaluate their contribution to the credit union board to develop professional development plans.
Peer evaluations. Board members evaluate the performance of their peers to ensure high performance standards and establish performance criteria for renomination.