Avoid Mergers With Strategic Planning That Includes Succession Planning

Strategic succession planning is part of providing excellent member service now and for the future of your credit union.

By Bo McDonald | September 12, 2022 at 09:00 AM

"succession planning" written on chalkboard with coffee and magnifying glass

Week after week, this very publication reports on the various mergers happening among credit unions and each time I read one my soul dies a little. Many of these credit unions are what we call "boutique" credit unions, which of course can have their resource challenges and are notorious for avoiding risk. I would argue that in some areas they can take more risk.

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