businessman grasping block with faces to symbolize recruitment Source: Shutterstock

Many credit unions have decided that now is the best time to expand by hiring new talent rather than acquiring another credit union or bank. Recruiting can be used to expand existing operations, enter a new market or create a new line of business.

This trend is evident in the credit union industry’s frequent announcements of promotions, appointments, and hires. IC Federal Credit Union in Fitchburg, Mass., recently hired former Avidia Bank executive CarrieAnne Cormier as its next COO. Citadel Credit Union in Exton, Pa., successfully recruited a team of bankers from Santander Bank to launch a business banking division.

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