Meanwhile, it is essential to apply real name policy to some special financial services provided by banks, like loss reporting of deposit certificate and advance withdrawal of term deposit, which require customers to produce identity cards or other identification document in compliance with relevant rules, because it can not only decrease economic disputes arising from anonymous or fictitious accounts, but also facilitate the production and living of the masses and protect the fund security of the public and legitimate rights and interests of banks.
Third, Board members or those aspiring to be Board members may want to strengthen their understanding of the laws and philosophy governing credit unions, their ability to read and interpret financial statements and to acquire some knowledge of risk management; and Four, the recent passage of the Anti-Money Laundering legislation also applies to credit unions.