Persuading the Board on Executive Retirement Packages

convincing credit union board of directors of SERP value

The overall environment is gloomy, volatile, inflationary, and mired in recession. How can credit union executives work with boards to agree on market-rate executive retirement packages? It used to be that credit unions didn’t feel the heat of competition. They had a monopoly on their SEGs and there was general parity for technology across other […]

5 Generations of Credit Union Leaders, Compensation, and Recession

generations of credit union leadership

The times, they are a-changing. In fact, 5 generations ago, credit union leadership was completely different. Most leaders were volunteers with little expertise in running a financial institution. Today, leaders have more skills, experience, and support than ever. And, when it comes to finding a good credit union leader, you get what you pay for. […]

Credit Unions Competing with Fintechs in the Talent War

cu fintech executive talent war with kirk kordeleski and om financial group

Imagine you are a Millennial or Gen X credit union executive. You have spent 10–20 years honing your impeccable tech and financial industry skills. You understand ACH, routing numbers, loan participations, Asset and Liability Management, and Reg D/E. You love credit unions and the industry. Sure, sometimes we are a little slow to make decisions, […]