BALTIMORE — It's no secret that credit unions lacking a succession plan may be setting the stage for mass chaos should a CEO retire or suddenly die.
Without a strategic plan that addresses what will happen should a shakeup occur at the president/CEO spot or even within the senior management ranks, a credit union can instantly fall into being held "hostage," said Nancy Lewis, president of Progressive Techniques, Inc., a Fayetteville, Ga.-based training and human resources consulting firm.
"The only thing that is constant is change," Lewis said yesterday at the African-American Credit Union Coalition's annual meeting. "Sometimes you have to get out of the way."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
