America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule
In response to the NCUA’s proposed rule on succession planning, America’s Credit Unions has spoken out against the organization’s plans and asking them to reconsidering, calling the rule redundant and harmful, reports Emily Claus.
Succession Planning: Prepare Your Next Generation
A lack of succession planning can be a credit union’s downfall. Becky Frankowski urges credit unions to begin developing a succession plan now to set their credit union up for success in the future.
NCUA Board Approves Proposed Rules and FCU Loan Interest Rate Ceiling
Last week at a meeting of the NCUA Board of Directors, the members voted 2-1 in favor of two proposed rules: one on incentive-based compensation and another a revised proposal on succession planning. The incentive-based compensation rule addresses requirements laid out in the Dodd-Frank Wall Street Reform and Consumer Protection...
ORNL Federal Credit Union President to Retire
ORNL Federal Credit Union recently announced that President & CEO Colin Anderson has informed the ORNL FCU Board of Directors and employees of his intention to retire on September 30, 2023.
Protect Your Credit Union’s Future with a People Development Life Cycle
What is your credit union’s long term vision for its staff? CUSO Magazine’s Esteban Camargo discusses why you need a People Development Life Cycle to manage succession events and protect the future of your organization.
Are You Prepared for Succession Events?
Is your organization prepared for unexpected employee departures or even expected retirements? If one of your staff left tomorrow, do you know who would take over their responsibilities? Amber Overla explains how best to prepare for known and unknown succession events.
Trust the Future to Those Willing to Lead
With the NCUA passing a proposed rule 2-1 requiring succession planning at all federally insured credit unions, Randy Karnes shares his thoughts on what “broad discretion” actually means and what credit unions should be focusing on.
Talk Is Cheap, NCUA Involvement Isn’t
NCUA is going to discuss credit union succession planning, and credit unions may come to regret it, says CUSO Mag Supervising Editor Esteban Camargo. Is NCUA involvement a good thing or will it just be one more expense line?
NCUA Board to Consider Succession Planning Rule on Jan. 27
The National Credit Union Administration board will consider a proposed rule governing succession planning at credit unions on Jan. 27, reports David Baumann of the Washington Credit Union Daily.
New CU*Answers CEO Geoff Johnson Shares His Optimism for the Credit Union Industry
As he prepared to step into his new role as CEO of CU*Answers, Geoff Johnson sat down with the CUSO Magazine team to discuss the paths that led him here, his thoughts on the industry, and what he envisions for CU*Answers in the coming years.
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