More than one-third of chief executive officers in the credit union industry could retire in the coming years, and the percentage of executives on senior management teams who could retire is even higher.

These numbers are staggering, and Credit Union Resources’ research has revealed that 78% of all the current CEOs are baby boomers, and 19% of all CEOs belong to Generation X (ages 31 to 49).

What does this data tell us? Well, if a large percentage of the industry’s CEOs may retire in the coming years, credit union leadership and boards need to have a reliable source to obtain executive talent. They need definitive and effective means of fulfilling those vacant positions with not just good hires, but the best hires.


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