41% of CEOs are planning to retire within the next 5 years and candidate pipelines are limited with 2.4 job openings per unemployed person in the financial services industry as of April 2023. Without proper succession plans for these inevitable executive retirements, credit union boards put their organization at risk for many adverse effects including loss of expertise and organizational knowledge, unexpected leadership gaps, damaged member relationships and trust, and an inability to achieve their mission. To avoid these risks and set your credit union up for success, it is vital that both the board and current CEO work together to tackle the monumental task that is a succession plan development.

Join our Credit Union experts as they discuss:

• Defining Succession Plans
• Components of a Successful Succession Plan
• Common Pitfalls and How to Avoid Them
• Succession Planning Best Practices