Originally published on cumanagement.com.

A guide for new board members to navigate governance, manage interest rate risk, and contribute effectively from day one.

Originally published on cuinsight.com By Deedee Myers What is your organization practicing? Too many organizations are increasing unneeded risk b [...]

In this CUES Podcast episode, host Carla Kalogeridis welcomes guests Deedee Myers, Ph.D., CEO of DDJ Myers, and Peter Myers, Senior Vice President at DDJ Myers, to discuss what it takes to be a great CEO in the credit union industry.
This episode provides valuable insights for credit union professionals interested in leadership development, board members involved in CEO succession planning, and current CEOs looking to enhance their performance.

Originally published on cutimes.com

By Peter Myers & Tom Sievewright

Begin by defining your objectives before jumping into evaluating specific plans. The dynamic nature of top-tier talent and an ongoing evolution of industry practices are pushing more credit unions and their boards to refine their compensation philosophies.

Originally published on CUInsight.com

By Deedee Myers

Credit unions believe they have distinctive histories, folklore, personalities, products, markets, artifacts, business operations, and boards. Typically, people are proud of their credit union cultures or, at minimum, have learned how to operate effectively within them. In the weeks before signing a letter of intent, the CEO and executive team of Credit Union A and Credit Union B share their cultural attributes.

Originally published on CUInsight.com

By Deedee Myers

As we prepare for a new year, understanding what drives employee burnout and how to help combat it at all levels is critical. Coming out of COVID and returning to work environments where team members had to reconnect with other people hasn’t been easy. We’ve all had to learn to lead differently, and this work is far from complete. Many people are feeling the effects of employee burnout today as they plan for 2024 while concurrently closing out all their 2023 projects.

Originally published on CUInsight.com

By Deedee Myers

Change is happening at an increasing rate, and for many credit unions, if they haven’t already been operating as a high-performing organization, it can be very difficult to catch up. This is leading to burnout at all levels. Some of these changes are happening “to us” because of AI, digitization, increased competition, remote working, higher expectations for speed and ease-of-use by members of Gen X and Gen Y, and rapid interest rate fluctuations, to name a few.

By Peter Myers, Senior Vice President, DDJ Myers, Ltd.

We at DDJ Myers sometimes need to ask board members or a board chair, “What are the historically unmentionable topics that your board should discuss?” In response, we often hear “board composition” and “succession.” The way people frame the topics of board-level board composition and succession planning can make them difficult to discuss.

By Peter Myers, Senior Vice President, DDJ Myers, Ltd.

A few years ago, we started working with a CEO who had only been in the role for a few years. They wanted to implement a professional development program that would thrust the organization forward, strategically and culturally. It was time to unshackle the organization from its sleepy history.

By Peter Myers, Senior Vice President, DDJ Myers, Ltd. 

A board chair’s effectiveness can dramatically impact an organization’s trajectory. A strong chair facilitates an environment for a CEO to maximize their potential, propelling a credit union toward achieving strategic goals at an accelerated pace. Conversely, a weak chair premises a CEO’s mediocrity, leading to subpar organizational performance. This article frames the impact and criticality of the board chair role with relatable archetypes to call upon when the situation arises.