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ceo performance review
Articles Tagged with 'succession'
Top 10 Strategic Planning Trends
June 10, 2013
CUs can expect growing loan portfolios due to an improving economy, rising consumer confidence, and less deleveraging.
Prepare for the Brain Drain
September 13, 2012
The average age of a CU CEO is 53.4 years.
CUs Search for the Next Generation of Board Members
September 01, 2012
CUs will find it hard to compete in the future without new blood on the board.
Succession Planning: The Urgency Builds
September 01, 2012
Approximately 10,000 baby boomers will turn 65 every day for the next 18 years, reports the Pew Research Center.
Plan for Key Staff Transitions
June 22, 2012
It's important to build a compensation structure that will maintain the executive team and provide stability during a time of transition.
Four Steps to Successful Succession
June 05, 2012
In effective succession plans, two main elements work together: executive development and incentives.
Include ‘Golden Handcuffs’ with Succession Plans
May 12, 2012
Build ‘bench strength’ so your CU has a top-notch CEO in waiting.
CEO Succession Planning Can’t Wait
August 22, 2011
Planning now will help ensure you have ‘the right people on the bus’ moving forward.
Giving Good Governance
July 01, 2011
If everyone looks like you in the boardroom, your board needs a greater diversity of skills and experience.
Create a Board Succession Plan: Seven Steps
June 22, 2011
Explain that a succession plan is designed to find
directors, not weed out
Credit Union Magazine
July 2014 digital edition
Slide Show: The Daily Duties of a Home-Based CU Manager
Regulators Focus on Interest-Rate Risk
Five Cyber Security Considerations for CUs
Advocacy Puts Board Members on Offense
Win Employee Love: Four Steps
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
I would respectfully disagree that transactional data is a good place to start. In my opinion, relationship data is a much better starting point. Transactional data tends to require more "mining" of thousands/millions of transactions to identify opportunities or threats. Relationship data, however, involves identifying and profiling your high-value relationships (those profitable relationships with multiple products/services, for example) and leveraging that information to attract/cross-sell similar members. Generally involves a bit less effort and quite a bit higher return.
Congratulations on a fine article. Perhaps the best advise is unsaid but exemplified throughout the article - namely avoiding the use of the term "Financial Literacy." The term is insulting and counterproductive because it implies that those who take the training are "Illiterate."
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