Credit union boards are beginning to request clearer explanations of where AI is deployed across the institution, how models are evaluated, and how member data is being used. This is prompting many CUs to develop simple AI governance frameworks and prepare internal “model inventories.”
The goal isn’t full regulatory compliance — it’s clarity. Boards want confidence that leadership understands the technology and its risks.
Consultants say this trend mirrors what happened with cybersecurity several years ago: oversight is becoming a standard expectation.