Principles of Credit Union GovernanceAfter many
months of research and study, WOCCU completed the International
Principles of Credit Union Governance. These Principles address the
challenges of organizational power within credit unions at three
separate levels: external, internal and individual. The board and
managers, as a cohesive unit, ensure the credit union’s compliance with
issues related to external and internal governance. To achieve this
goal, each board member has a duty to adhere to the principles of
individual governance.
Commitment to GovernanceWOCCU
began its commitment to Governance in December 2003 when the Board
agreed to add the development and promotion of principles of good
governance for credit unions as WOCCU’s fourth mission.
To achieve this mission, WOCCU committed to the following:
- Establish the International Credit Union Governance Principles;
- Survey members on national governance practices; and
- Develop an online database of governance resources, materials and best practices
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