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Strategies to Diversify and Design the Board of the Future

How does a credit union recruit, attract and fully develop younger board members?

By Meridith Elliott Powell | Updated on May 12, 2017

Recently, I have been doing a lot of keynoting and consulting for credit unions and organizations that have volunteer boards. One of the biggest questions I get asked is: How do you diversify the board? In other words, how do you recruit, attract and fully develop younger board members? It is a hot topic and seems to be top of mind for almost every credit union.

Well, it is great that most leaders recognize you need younger board members. In order for an organization, especially a credit union, to grow and compete, your board needs to be reflective of your future members.

Millennials have now surpassed baby boomers as the largest generation. Adding to that, they are entering that phase of life where their lifestyle needs are most in alignment with what credit unions have to offer. They are getting married, having children, buying cars, paying off debt, changing jobs and needing to save for their future.

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