OMAHA, Neb. (2/11/15)--The Nebraska Credit Union League has opened Shared Management Solutions (SMS), a subsidiary that will offer permanent, temporary and emergency management services.
In Nebraska, nearly 40% of credit union presidents or managers are 60 years of age or older, with a high number of leaders considering retirement within in the next few years, according to a recent membership survey conducted by the league.
"Succession planning for credit unions has been a major topic of discussion and concern for quite some time," said J. Scott Sullivan, league president/CEO. "The league decided to turn that talk into action by offering credit unions the opportunity to leverage their resources by spreading the cost of managerial needs across multiple credit unions, making the services much more affordable."
In addition to permanent, temporary and emergency management services, SMS is looking to offer emerging leadership training and human resource solutions for credit unions, the league said.