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Voting Poll Results: Credit Unions Should Employ Multiple Methods to Find CEO

WEST PALM BEACH, Fla. - Credit unions shouldn't confine themselves when it comes to finding ways to find a new CEO. That's the take of voters in Credit Union Times' recently expired voting poll delving into the issue of how to replace the CEO. Some 60% of voters said CUs...

By Staff Writer | Updated on October 26, 2004

WEST PALM BEACH, Fla. – Credit unions shouldn’t confine themselves when it comes to finding ways to find a new CEO. That’s the take of voters in Credit Union Times’ recently expired voting poll delving into the issue of how to replace the CEO. Some 60% of voters said CUs should use some combination of succession plans, external search firms, board committees to look within the CU, and classified ads to find successors. The question and results are as follows: What’s the best way for a board to find its new CEO? * Succession plan where someone internally is ready to fill the job

22.63% * Use an external search firm and look nationwide spanning multiple industries

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