planning has taken on more importance during the past few years. Nearly half of
all credit union CEOs plan to retire in the next 10 years, about one quarter of
them in the next five years. A good succession plan charts a plan of action for
the board and employees that covers a variety of situations including the death
of a CEO, accidents, disability, termination, or retirement. Boards play a
critical role in succession planning by ensuring that the credit union will
serve members effectively even if key staff or directors are unable to continue
in their positions.
This is a CUNA
Volunteer Achievement Program course.