#2633: Why There's a Critical Need for Young Professionals to Join Credit Union Boards...

7/29/2021

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Watch the clip above and check out the full episode located below the show notes for all the details.

Securityplus Federal Credit Union’s CFO Bill Kennedy joined us on the show to share his message regarding the critical need for young professionals not only as paid credit union staff but occupying seats on credit union boards, as well. Bill stresses the urgency for credit unions to get younger -- both from members to staff and Boards.

Bill discusses why this critical need is so urgent today, how young professionals can position themselves to get on a credit union's Board, the necessity of young professionals on Boards, and the many benefits young professionals can gain by being on a Board -- putting them on quicker path to becoming a CEO. He gave the example of Navy Federal Credit Union's former President/CEO Cutler Dawson starting out his credit union career as a Board Member prior to his leadership position at Navy Fed.

Bill's passion for this topic is nothing short of galvanizing, as he has mentored -- and is still mentoring -- many young credit union professionals to become industry leaders to help this industry get younger professionally and remain relevant to the next generations.

Check it out and let us know your thoughts. And be sure to watch the entire conversation with Bill below for all the details.

Isabel Gomez

8/2/2021 11:49:47 am

Great message Bill! Thanks for your efforts toward continuous improvement to our industry. Always appreciated.

Jeff Rice link

8/2/2021 01:15:32 pm

I think this is a topic that is very fundamental, CU Leaders need to be reminded of it often. Younger board and/or team members will offer an alternative perspective but also assist in maintaining the "CU Bench Strength". With that stated, while I think the input of younger board/team members is most definitely needed, these folks must also understand that its necessary that they learn a few things from their elders/mentors prior to aggressively establishing their case. In other words, tactful young representation on the board would be most appropriate.

Phillip Paterno

8/3/2021 04:42:57 pm

Bill makes a great point for the need of YP in leadership positions.The average age of a board members are those who are in their 60s. For this reason, I think most YP are intimidated by the fact of the sheer experience of their predecessors, or simply are just unaware. YP's are energetic and eager to progress their careers, which should only be encouragement to apply to a board. With most board members on the verge of retirement, Bill explains perfectly the opportunities that could be available.

Ben Otieno

8/7/2021 08:59:22 pm

Bill has highlighted the obvious gap between CU boards/ leadership and YPs which, left unaddressed, does not bode well for the industry. In fact the mergers within the industry may be due to lack of vision- direct consequence of not mentoring YPs into leadership and board positions.

We should indeed be worried that retiring baby-boomers would be spearheading strategies to attract millennials into CU memberships without their own involvement. With many other options available to YPs, it behoves current CU boards to take the initiative to identify mentees wherever they may be, and to provide incentives to reassure succession plan woes for the Credit Union Industry.

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#2633: Why There's a Critical Need for Young Professionals to Join Credit Union Boards...

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