CEOs Plan Retirement but No Shuffleboard
Sharon Custer may ditch her watch.
Rob Givens wants to explore Civil War sites.
Givens, who will retire in January after more than 10 years as CEO of Mazuma Credit Union in Kansas City, Mo., is another credit union CEO who won’t immediately post a “For Sale” sign on his current home.
Like Custer, Givens and his wife–who just retired–want to travel and enjoy retirement while they are still healthy. When he first arrived at Mazuma, he and the board put in place a retirement package anticipating he would retire when he reached 66 and a half and became eligible for full Social Security.
Steve Winninger at Lake Trust Credit Union in Michigan picked his retirement date 15 years ago. If that sounds as though it was the result of applying some sophisticated algorithm, it wasn’t.
By early next year he will have served 20 years as CEO, and that simply seemed a good, solid number. He turned 65 after 19 years as CEO, but somehow 19 didn’t sound the same as 20. He did think about issues such as paying for his children’s education, but they are now 26 and 30, therefore that responsibility is past.