Four Ways to Ensure a Good Merger Fit

Four Ways to Ensure a Good Merger Fit

One factor that credit unions search for when choosing a merger partner is a “good fit.” But what does “fit” mean? It’s not like trying on a pair of shoes where you can tell instantly if the fit is comfortable or not. With mergers, there are several ways to consider whether the fit is good. Here are four criteria to consider.

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Stuck Between Gears – Vision matters.

Stuck Between Gears – Vision matters.

Vision matters. Looking further ahead, planning, and shifting in advance would have made an enormous difference. You can guess what happened next. Keeping my eye on the road ahead, anticipating inclines and declines, engaging the chainring effectively, using my momentum on the incline’s approach, and dropping through the gears quickly and smoothly was the plan of action to ensure an enjoyable ride through the hills. Each hill was more easily navigable with a mindset of looking ahead, strategizing, and improving my shifting.

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Board renewal and recruitment: A profound need to modernize the process

Board renewal and recruitment: A profound need to modernize the process

The COVID-19 environmental disruption, the call to enhance and expand member digital services, #blacklivesmatter, and the retirement of board members comprise a profound confluence of opportunities. These opportunities should not become issues with the right actions. Two years ago, a significant percentage of board members (30-40%) declared they would retire in three to five years.

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Nine Hallmarks of a Strategic CEO Evaluation

Nine Hallmarks of a Strategic CEO Evaluation

Few board responsibilities have more potential for positive organizational impact than evaluating CEO performance. When done well, this process can generate ongoing powerful and meaningful conversations between directors and the chief executive and align them all in the same strategic direction.

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Build a Better CEO Evaluation Methodology

Build a Better CEO Evaluation Methodology

Move your board’s performance review process from routine to dynamic.
There are two types of board-CEO relationships in our industry—good relationships and bad relationships. At either end of that spectrum, revamping the CEO evaluation process could help your credit union step up its game.

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Looking Ahead For Successful Succession

Looking Ahead For Successful Succession

Leadership development and continuing education efforts today lead to smooth transitions tomorrow. Succession and internal development are a “major focus” for $400 million Century Federal Credit Union in Cleveland, says CUES member Sharon Churchill, CPA, CCE, president/CEO of the organization.

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The Critical Mindset of the Board Member

The Critical Mindset of the Board Member

How you can add consistent value by using critical thinking Speech is the primary mode of communication in the boardroom. It is extremely important for board members to be able to articulate their thoughts and opinions in a thoughtful and articulate manner. So, would...

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