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Building Succession Plans Critical with Baby Boomers Beginning to Retire

An effective succession plan can minimize turmoil often associated with a credit union's planned or unplanned senior level personnel vacancies, particularly when a shrinking labor pool makes finding qualified talent difficult. Garry Modrell and Charles Shanley, executive consultants with John M. Floyd & Associates, Inc. Executive Search Group, delivered that...

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AUSTIN, Texas — An effective succession plan can minimize turmoil often associated with a credit union’s planned or unplanned senior level personnel vacancies, particularly when a shrinking labor pool makes finding qualified talent difficult. Garry Modrell and Charles Shanley, executive consultants with John M. Floyd & Associates, Inc. Executive Search Group, delivered that message to credit union professionals at an educational breakout session during Texas Credit Union League’s Annual Meeting April 12.

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