Private Chat

Thanks for coming into my office. You know, over the years I have worked with dozens of credit unions and hundreds of volunteers. Great people. Dedicated to the success of their credit union. Many have served for 10-15 years or more. But the greatest strength of the credit union movement is often also its greatest weakness. Most volunteers I have worked with do not understand the finances of the credit union, nor are they experienced in governance, hiring or shaping executive compensation. This is not a knock at them in any way. It is that exact cultural trait that makes credit unions the people's choice and the favorite of many when it comes to seeking loans or feeling appreciated by ones financial institution. I know there are countless volunteers with very strong financial skills who can speak the financial language of the institution. But we both know that is the exception more than the rule.

That's where the Credit Union Management Succession Plan Manual comes in. A CEO leaving suddenly or becoming incapacitated can lead to chaos and a nervous staff and membership. This manual gives the Board and Supervisory Committee a step by step guide to handle the situation from start to finish, up to and including hiring the new executive. You may want to look at this manual as an insurance policy. Hopefully, an emergency will never arise where it is needed. But should the unexpected occur, you will have an inexpensive safety net available and will be ready to act with calm, orderly procedures to manage the transition.

The bottom line is this. Give your Board and Supervisory Committee this "insurance policy" to help them do their jobs better. Volunteers simply can't be experts at everything. This manual is an important tool for them to have at their disposal to manage what would be one of the most traumatic events a board could experience. Order the manual today, and get copies for each Supervisory Committee member. I will offer you a special discount to help keep costs down.

Thanks for listening. I hope this makes you feel better about your decision to protect your credit unions future.

Order Now!! Click Here to purchase the manual as either an immediate electronic download or order a physical manual which will be shipped to you with rush delivery available!


Donn's management tips should not be interpreted as legal advice, as the strategies discussed are the opinions of Donn Eurich. Legal counsel should always be consulted before initiating any activity which potentially creates liability for you or your association.

You are welcome to reproduce this information, or share it with other parties. If reprinted, please give editorial credit to Donnelly Eurich.