MADISON, Wis. (8/27/14)--The influence of credit union chief lending officers (CLO) extends beyond lending responsibilities into leadership and business strategy roles, according to a new white paper from the CUNA Lending Council.
The CLO helps establish goals in conjunction with the senior leadership team, and those goals are accomplished through the efforts of employees across the organizational chart, according to the white paper, "The Chief Lending Officer: An Examination of the Role and How to Get There." CLOs should be able to get employees excited about their vision, while at the same time, communicate key policy and product details.
The paper identifies six reasons why a credit union employee would strive to reach the CLO position.
To download the white paper, use the link.