"And by the end of 2016, the credit union had lost $3,000,000 in 3 years, and they were on the verge of insolvency. So I came in right in the middle of it. And my job at that point was we need to change culture."
I had an incredible conversation with Michael Abernathy, President & CEO at Buckeye State Credit Union, this week on Mind Matters! Michael's journey is truly inspiring. Watch & listen to the episode now!
Watch: https://lnkd.in/gKmV_NpC
Listen: https://vist.ly/ymcw
Episode Overview:
Michael brings a wealth of knowledge and a heartening narrative of transforming challenges into triumphs. Join us as he opens up about the demanding financial choices he faced, the strategic targeting of underserved groups, and the turning of tide for a company on the brink of insolvency.
From a staggering loss of $3 million in three years, Buckeye Credit Union underwent a profound cultural shift, championed by Michael, that brought them back to profitability and sustainable growth.
We'll hear Michael's personal journey from areas of turmoil to senior leadership, his approach towards long-term organizational planning, and his focus on nurturing a positive internal culture.
Get ready to learn how controlled scaling, innovative tech like interactive teller machines, and placing members first helped double his company's size from 2019 to 2022.
So, buckle up for a story of resilience, mentorship, and a future-forward outlook in the banking industry.
#ceo #finance #business #leadership
SR. Commercial Banker at Movement Bank
1moIt was an honor to speak with the Jr class this year!