Limits on credit union CEO compensation present a recruiting disadvantage as the industry braces for massive turnover.
PHOENIX — As baby boomer CEOs retire, boards are increasingly replacing them with chief financial officers, D. Hilton Associates President/CEO David Hilton told attendees during his breakout session at the CUNA CFO Council conference May 20 at the Wild Horse Pass Resort.
PHOENIX—Of the 255 CEOs hired by credit unions in the past 18 months, 64% have promoted or hired CFOs.
The last few years have been very interesting to comment on the news and, while some things have slowed down, now is no different. Many issues from credit union management to matters in Washington continue to evolve and deserve commentary.
The $1.7 billion GECU of El Paso, Texas, just selected GECU Executive Vice President and Chief Operating Officer Crystal Long to succeed President/CEO Harriet May following her retirement on March 31. Meanwhile, the $5 billion, Palo Alto, Calif.-based First Tech Credit Union is saying goodbye to President/CEO Benson Porter, who...
Many issues from credit union management to matters in Washington continue to evolve and deserve commentary.