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Credit unions have an illustrious history. For a century credit unions and financial cooperatives, have made retail finance
attainable and affordable for millions of American consumers. Today many credit unions have transformed themselves from plain
vanilla, single sponsor organizations to complex institutions that offer a broad array of products and services to their membership.
While the number of credit unions continues to decline, the number of members continues to grow and so do assets under their
management.
With the financial services industry being one of the most competitive aspects of the American economy today, attracting and
retaining excellent executive talent is necessary for success. With credit unions having to compete against banks, savings
and loans, brokerage houses and many other institutions for every customer dollar, it all comes down to how well you manage
your operation. Credit unions are also faced with the added challenge of needing to attract, retain and reward executives
while operating as a not-for-profit entity. This means there is no opportunity to share in equity growth, so employers must
offer other incentives to be a magnet for qualified, skilled executives.
These factors have changed the way executive promotions are viewed by the industry, with more institutions going across traditional
lines and not necessarily moving people up within the same industry segment.
Evergreen Consulting, Inc. can help you design customized executive benefit plans that will help Recruit, Reward, Retain,
and Retire the key talent required to ensure success!
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