With the mass exodus of credit union executives today — especially CEOs, the time is ripe for new blood to take over the reigns and drive this industry to new heights for the next couple decades. If this is you or you know somebody in this position or you’re a credit union looking for a new CEO, check out this episode with DDJ Myers Vice President Peter Myers explaining how to prepare to be a CEO in today’s credit union environment — which is much, much different than it was 10, 20 years ago — maybe even 5 years ago.
The credit union industry is seeing a mass exodus of CEOs like never before. This widespread retirement is a double-edged sword for CUs, as experienced executives leave to start new chapters of their lives and new blood comes in to introduce new ideas to keep the industry relevant. But finding this new blood is a challenge for most credit union boards looking to make the right hire to ensure another couple of decades of quality leadership.