What do you do as a board when you hear the words from your CEO of some 20-plus years, “I am planning to retire within the next few months?"
Credit Union League of Connecticut President/CEO Tony Emerson has been named the new president/CEO of the $465 million IC Federal Credit Union in Fitchburg, Mass.
Jeff Russell, longtime card executive and innovator with TMG Financial Services, is leaving the card business to take a position as CEO of a dental insurance firm.
Connecticut league CEO takes top job at Massachusetts credit union.
Jeff Russell had steered TMG Financial Services in Des Moines, Iowa.
A Tennessee CUSO has won the core processing business of a group of 10 Southern California credit unions. The contract win pushes the client list at Memphis-based Share One Inc. past the century mark, with 104 clients now committed to its New Solutions core platform.
The best criteria for finding your next CEO is finding the best fit between what the credit union must do strategically and the person who can transform the credit union in the near future.
For credit union executives planning a core banking system conversion, feelings of fear and stress are common. Throw another factor into the mix, like a merger, and the conversion process becomes that much more overwhelming and complex.
League says interim CEO to be hired before permanent replacement selected.
Current vice president for programs Pamela Owens takes helm while search ensues for Clifford Rosenthal successor.