Each year there are plenty credit union turnaround stories -- those that manage to avoid merging as a strategy or merging as a necessity or closing their doors altogether. These stories are wonderful and provide great tools and strategies for others that are looking to turnaround and succeed, as well.
We have one of them on the show today and that's Riverfront Federal Credit Union. A few years ago, things weren't looking so good for the Reading, PA-based shop. Then Tim McLeod arrived as Riverfront's new President/CEO and decided things needed to change if the credit union was to survive.