The beginning of 2020 took the world in a completely unexpected direction with the outbreak of COVID-19. Countries all over the world shut down in an effort to slow the spread of the coronavirus as the pandemic grew. We are now six months into this global pandemic and while COVID-19 cases continue to occur, credit unions are eager to resume their daily operations and begin the recovery process. The social, public health and economic challenges created by the coronavirus require a strategic business reassessment for financial service providers like credit unions.

Recruiting During COVID-19: What You Need to Know

According to the Pew Research Center, the COVID-19 unemployment rate is comparable to the one reached during the Great Depression of the 1930s, which is estimated to have reached 25%. Even though overall unemployment rates are at a record high, unemployment for senior-level executives has remained low. During the current crisis, many organizations are finding solid leadership and technical experience more valuable than ever before. This has made executive recruiting a priority for credit unions. Organizations are vying to retain their leaders because they bring stability and unified management to the business.