League Partnership to Deliver Governance Assessment and Consulting Services to CUs

VACUL member credit unions will have access to assessment tools and consulting services designed to strengthen their governance. Using a proprietary online survey developed from a decade of work with credit unions across the US and Canada, this unique partnership will allow credit unions of all shapes and sizes to evolve their system of governance to meet the changing needs of the industry and growing sophistication of the marketplace.

These governance services will also specifically address pre- and post-merger challenges, ensuring that merging credit unions are aligned more than just operationally but also in their governance practices.

Further, the partnership will enable credit unions to assess their directors’ skills and examine the matrix of the board to guide and inform their succession planning and onboarding efforts.

Karima Freeman, Interim CEO of Virginia Credit Union League commented, “This partnership with Quantum Governance marks a pivotal advancement for our League, enhancing our governance strategies to better support our credit unions. Through this collaboration, we aim to equip our members with the critical tools and knowledge needed to excel in governance and strategic planning.”

Jennie Boden, Quantum Governance CEO also shared, “We are thrilled to be partnering with the Virginia Credit Union League to help credit unions of all shapes and sizes to grow and strengthen their board and executive leadership so they can continue to fulfill their commitments to the communities they serve across the Commonwealth. We are a mission-driven firm dedicated to helping advance the cooperative mission of the credit union industry, one credit union at a time.”

About Quantum Governance, L3C

Quantum Governance, L3C provides credit unions, nonprofits and associations with governance, strategy and ethics assessment, consulting and facilitation. For the last decade, Quantum Governance has been a trusted partner of hundreds of credit unions in the U.S. and in Canada. The firm is a unique L3C organization that integrates the best elements of both the for- and non-profit communities into one practice. It is a low-profit, limited-liability service organization dedicated to the public good and one of the very first such legal hybrid organizations in the United States. Founded by Mr. Michael Daigneault and under Ms. Boden’s leadership, Quantum continues to grow and innovate to meet the credit union industry’s demands and challenges in the areas of governance and strategy.

About The League

The Virginia Credit Union League is the state trade association representing the 99 member-owned, not-for-profit credit unions headquartered in the Commonwealth. Celebrating its 90th anniversary this year, the League provides regulatory, political, and public advocacy; professional development; and a range of informational and operational resources to ensure a thriving credit union industry since 1934. Learn more at vacul.org.