CUNA's Community Credit Union Committee just released a new white paper - “Effective Credit Union Board Succession Planning.” It examines the demographics of community credit union board members, issues that arise and strategies for successful board succession and retention.This paper evaluates the changing demographics of community credit union board members and reveals that most credit unions do not have a reliable system for attracting the next generation of board members. Further, many boards struggle to reflect the diversity of their members. Through a series of case studies and expert recommendations, the paper:
- illustrates how successful board succession planning looks in the real world
- what credit unions can do to reverse negative trends, and
- provides concrete instructions for how to prepare for the future.
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