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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
August 2014 digital edition
Guide Members to Financial Health
Defining the Social Media ROI Debate
You Can't Freeze Out CU Folks From a Good Fundraiser
Synergy Separates Great Boards from Good Boards
Transforming the Branch Manager
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
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
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