Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CUNA committee releases board succession planning paper

MADISON, Wis.  (2/15/12)--A new white paper from the Credit Union National Association (CUNA) reveals that most credit unions do not have a reliable system for attracting the next generation of board members.

CUNA's paper examines the demographics of community credit union board members, the issues that arise from the findings and strategies for successful board succession and retention.

The paper, "Effective Credit Union Board Succession Planning," commissioned by CUNA's Community Credit Union Committee, evaluates the changing demographics of community credit union board members and notes that many boards struggle to reflect the growing diversity of their members, with women and minorities being underrepresented.

Through credit union case studies and a list of expert recommendations, the paper shows how successful board succession planning looks in the real world, discusses what credit unions can do to reverse certain negative trends and provides instructions for how credit unions can prepare for the future.

Some example topics include:

  • Creation of an associate director program;
  • (Re)consideration of term limits;
  • Development of an "evergreen" list; and
  • Continuing education requirements.

"CUNA's Community Credit Union Committee has done an excellent job of identifying and addressing a critical issue facing many credit unions," said Todd Spiczenski, CUNA vice president for the center for professional development.

"Many credit unions face serious problems if board succession plans are not effectively put into place and changes are made to attract new board members," he added. "This white paper provides many practical tips and suggestions that any credit union can incorporate into its daily operations to reverse the worrisome trends seen in board demographics."

To view the full white paper, at no cost, use the link.

To learn more about CUNA's Community Credit Union Committee and its mission, use the link.



RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
17 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
18 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
20 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
22 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
22 hours ago