Is the millennial challenge a matter of age … or mindset?

In the current no-limits world, winning companies have limitless imagination.

Throughout the halls of most credit union events, you will hear someone issuing to the organization’s leadership an imperative to recruit younger board members, which will help solve the aging membership issue.

As a scholar/thinker/strategist, I ask, is the recruitment of younger board members actually going to solve the problem, or is the problem based on another, masked issue? Having posed that question, I decided to study the leadership ages of companies that are currently winning millennials. The results are shown in the table.

Based on this, one can definitely see that leading millennial companies have similar leadership ages to that of credit unions; therefore, how are they winning when credit unions aren’t?


continue reading »