A fiduciary duty or obligation exists whenever a relationship—in this case the relationship between a credit union and its members—involves a special trust, confidence, and reliance on the fiduciary to exercise discretion and expertise. Credit union employees and volunteers hold a legal and ethical relationship of trust with their members. This session is an overview of the laws, rules, and regulations that guide the credit union’s overriding duty to guard the assets of its members, balancing the interests of the individual member and the overall membership.