The Credit Union League of Connecticut is creating a management program to help credit unions develop a new generation of CEOs.
Discussions about the yet-to-be-named management program began soon after Jill Nowacki took over as the league's president/CEO in December 2013. Making it her goal to meet with Connecticut's 114 cooperatives, she visited with more than 70 of them and plans to catch up with the rest over the next few months.
"Something that came out of those conversations is the concern about succession planning for CEOs," Nowacki said. "So often with credit unions, when a long-time CEO is ready to retire, they either don't have the in-house talent ready to go or the board hasn't searched for a new CEO in decades and is not really sure how to go about searching for that right talent."
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