If you were to describe your leadership style, what would you say? If you were to define the leadership style of your credit union what adjectives would you use? Like it or not, we all have a leadership style and if your credit union has not defined their preferred leadership style you have many varieties and some styles likely conflict with others styles.

Why is leadership style important?

One of the main reasons for failures in succession plans results from significant leadership style differences. Recently a $B credit union went through a painful succession plan fail when the “heir apparent” to a retiring CEO brought an entirely different leadership style. It was so far from the prior leadership style that the credit union suffered from a significant brain drain, the exit of several key employees because of this leadership climate change. The board was required to retract on the succession plan and start new CEO search.

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