CEO succession planning is becoming a priority as the economy recovers, retirement savings rebound, and more CEOs decide to retire.
Due to a lack of candidates with leadership skills in the current job market, credit unions without formal succession plans are finding themselves in an unenviable position as they scramble to find replacements for CEOs who leave without a lot of notice.
If your credit union has a succession plan (and twothirds do), review it to make sure it’s still relevant.
Succession planning is more than replacement planning. It’s a way to ensure the continuity of your credit union’s performance and culture.
Having the right leadership in place is crucial to your credit union’s success. Make sure your credit union is prepared to activate a formal succession plan that facilitates a smooth leadership transition.
The new mortgage servicing rule from the CFPB clarifies the frequency of required written early intervention notices. A mortgage servicer must provide notice to a delinquent borrower no later than the 45th day of the borrower’s delinquency.
It is imperative that Congress take action to eliminate the negative consequences of last year’s changes to the Telephone Consumer Protection Act, CUNA wrote to a House subcommittee conducting a TCPA hearing Thursday.
CUNA Chief Advocacy Officer Ryan Donovan discusses this week's congressional activities, as well as advocacy strategies for the CFPB's short-term, small-dollar loan proposal in this week's Advocacy Update video.