Post-Boomers Wait Not So Patiently for Corner Offices
A recent CUNA survey found that one in five credit union CEOs will have retired by the end of 2012, causing board members sleepless nights wondering who will take the reins.
But some in the industry would respectfully say, “It’s about time.”
As Gen X slowly fills the departing shoes of the boomer CEO’s, Gen Y is still, for the most part, looking through the window with longing.
Gen Y, which is quickly becoming the most educated age group in the country, can fill any number of positions at growing and hiring credit unions. Approximately 31% of Americans ages 25 to 29 held bachelor’s degrees in 2009 compared to the 30% of all Americans, which is a record level, according to the U.S. Census Bureau’s February 2011 report.