Succession Planning Creates Quality Leadership.(Statistical Data Included)

CUs should start now to find the right people at the right time for executive positions.

now more than ever, the success of a credit union depends on quality leadership. Yet executive talent is often in short supply.

In the past 25 years, the number of credit unions declined by more than half, yet the number of members more than doubled. Credit unions numbered 10,687 and had 79.7 million members at year-end 2000, compared with 22,677 credit unions and 31.3 million members at year-end 1975, according to CUNA & Affiliates' economics and statistics department.