According to the CUNA 2009-2010 CEO total compensation survey,63% of credit unions with $100 million or more in assets have asuccession plan in place that specifies how the CEO will bereplaced.

Among credit unions with $100 million in assets or more, 19% ofcredit union CEOs plan to retire in the next five years, down from29% in 2008, says the new CUNA report.

CEOs across the nation are delaying retirement, either becausethey experienced a loss in retirement savings or they are investedin seeing their organization through these trying times.

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