Millennials, mergers and margins

If your credit union is looking to improve its leadership development programs or create an organization-wide succession plan, one place to start is with a young professionals group.

“YP” groups, as they’re often called, can be informal or formal programs designed to bring your CU’s younger employees together to work on projects, share ideas across departments and network with like-minded co-workers. They also provide an opportunity for employees to build relationships and friendships at work.

$148 million Border Federal Credit Union in Del Rio, Texas, runs a group called “The Pulse” for its younger employees. While leadership development is the group’s main focus, equally important are the opportunities for community involvement it provides. Millennial employees frequently say they want a job that allows them to make a positive impact on social issues. Offering young employees a chance to develop their careers and serve the community can be a very strong recruitment and retention tool. Read more in “The Movement Within the Movement”.

Given that millennials are drawn to volunteering and serving, why are there so few younger board members?

 

continue reading »