For some credit unions, it may be taking longer to fill senior lending positions because candidates may lack the ability to think strategically, said Bill Vogeney, secretary and treasurer for the CUNA Lending Council.
"There are a lot of people who know how to make a good loan. Management and administrative skills are often thought to be a given, so it's hard to stand out from the crowd based on those qualities," wrote Vogeney in a June 14 CUNA Lending Council article. He is also senior vice president/chief lending officer at the $3 billion Ent Federal Credit Union in Colorado Springs, Colo.
Vogeney said the CU industry is lacking candidates for top-level lending positions at larger credit unions who possess the ability to come up with strategies to compete beyond offering better pricing.
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