In the article titled “Using Technology to Boost Member Participation,” François Henriquez discusses how credit unions may soon have the same ability as many other companies to use interactive technology to increase attendance and participation in shareholder meetings.
The article notes that the Washington state credit union regulator recently allowed credit unions in that state to let members participate “virtually” as long as some members were participating “live.” The federal credit union regulator is now seeking comment on whether it should allow federal credit unions to have the same authority.
François suggests that credit unions may want to have the option or at least give the technology a try. He argues that members who use online or mobile banking might like that addition to the member experience. To read the full article, click here.
About François Henriquez
François G. Henriquez II is a partner in the Miami office of Shutts & Bowen LLP, where he is a member of the Financial Services Industry Practice Group, practicing primarily in the section’s Credit Union Law Group. A Martindale-Hubbell AV® rated attorney, François regularly represents credit unions across the U.S. in regulatory and transactional matters. His background as a financial services and corporate lawyer are enhanced by his former experience as a financial institution senior executive.