As we prepare for a new year, understanding what drives employee burnout and how to help combat it at all levels is critical. Coming out of COVID and returning to work environments where team members [...]
Credit unions believe they have distinctive histories, folklore, personalities, products, markets, artifacts, business operations, and boards. Typically, people are proud of their credit union cultures or, at minimum, have learned how to operate effectively within [...]
As a credit union board, ensuring that your CEO is compensated fairly and competitively in the market, especially as the CEO approaches retirement or departure from the organization is essential. A compensation review is an [...]
The last couple of years produced a reflective perspective in leaders and board members that challenges fundamental beliefs and underlying assumptions about the phenomenon of leadership in today's organizations. In addition, the spectrum of shifts [...]
When two credit unions come together via merger, the main focus should be on doing what’s best for the members as well as the communities they serve. Members often benefit from a merger by [...]
A strong rationale for credit unions to merge is as a means of achieving growth. However, mergers are certainly not the only way to grow. Credit unions also can achieve growth organically by adding new [...]
COVID-19 was the pervasive consideration dominating virtually all short-term and many long-term business decisions in 2020. Among the questions that many credit unions asked during the early months of the pandemic was whether to proceed [...]
As a credit union leader, you’ve determined that proceeding with a merger is the best way to grow your financial institution. Perhaps you’ve even identified some potential merger partners. Now the question arises: [...]
Economies of scale have always represented a strong reason for credit unions to pursue mergers, and since the emergence of COVID-19, the rationale for achieving cost efficiency has become an even stronger motivation for mergers. [...]
From early conversations to transitional considerations, 25 credit union executives and board members provide a roadmap for navigating through the merger process in this white paper from DDJ Myers. The third part of this series [...]
The viability of a credit union merger frequently hinges on the question of leadership. A strong CEO is vital to the success of the post-merger organization, but so, too, is a senior management team that [...]
As we enter the post-pandemic age, mergers that had been placed on the backburner are now a top priority again. Gain an understanding on how credit union boards and executives should approach their merger strategies [...]
Of all the major decisions that loom in the wake of a credit union merger, perhaps none is fraught with more political and interpersonal ramifications than what the board of directors should look like after [...]
While the pandemic caused many credit unions to hit the brakes on potential mergers, the recovery has been an impetus for others to begin researching their viability. Learn about what credit union leaders expect in [...]
An inspirational quote by Dr. Martin Luther King, Jr., “The time is always right to do what is right,” led me to reflect on Lean thinking and practices within the workplace. How many times do [...]
