regulatory and compliance issues and considerations

13. Evaluate the job performance of Credit Union management to ensure quality of
work and service to members.
14. Keep abreast of economic, regulatory, or industry changes which may affect the
Credit Union. Inform the Board of Directors regularly of such changers and of
their impact on the membership and on the financial condition of the Credit
Union.
15. Attend Board meetings and report on the activities of the Credit Union. Make
periodic progress reports concerning strategic plan and budget status. Maintain
effective and timely communications with the Board of Director’s Chairman.
16. Be responsible for the planning, development, and implementation of products,
services, and procedures as a means of achieving the goals and objectives set forth
by the Board of Directors.
17. Support and volunteer for Credit Union sponsored community activities.
18. Analyze data pertaining to the assets and liabilities of the Credit Union, including
the monitoring of the loan and investment portfolios, key performance ratios, in
order to obtain maximum return at minimal risk. Discuss data with the Board of
Directors and make recommendations on best course of action in relation to
achieving the overall goals and objectives established by the Board of Directors.
19. Conduct business development activities as a way to promote growth and
development of the Credit Union.
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20. Perform any additional duties prescribed from time to time by the Credit
Union’s Board of Directors or which may be required by circumstance.
SECTION THREE
A. Term. The term of this Agreement shall be three (3) years [with each “year” being
calculated on the basis of 365-days], commencing on or before the date first stated herein, unless
earlier terminated pursuant to the terms of this Agreement.
B. Renewal.
1. This Agreement shall automatically renew for one additional term of one year in
duration under the same terms contained herein unless, at least 180 calendar days
prior to the expiration of the initial term or any renewal terms hereunder, the
Credit Union notifies Executive in writing of its intent not to renew this
Agreement. This automatic renewal is limited to two renewals. Prior to the
commencement of any renewal terms hereunder, the parties hereto may enter into
Copyright©1994-2010 by Credit Union Resources & Educational Services, LLC. All rights reserved.
Revised February 2010
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