I work with and help small credit unions ($50 million or less in assets) by preparing strategic/business plans, evaluating their financial and member performance and by training new CEOs, including first time CEOs.
I just reviewed 39 credit union executive job postings being offered through executive recruiters. The average asset size is $1,180,076,923 ($1.18 billion). There were only 3 job postings for credit unions that had assets below $100,000,000 ($100 million). Are there no additional vacancies in small credit unions of $100 million and less in assets? Do they not post these vacancies? Do they not work with executive recruiters? If we're going to save our small credit unions, we need to do something about this, otherwise these credit unions will continue to merge when their leaders retire or leave!
My guess is, for the most part, it’s too expensive.
Josh McAfee
3mo
I have an instinct that the recruiters would take the posting if the smaller CU wanted to go national with their search, but the recruiter is probably doing the honest thing and letting these smaller CUs know their sub-$100k job isn’t going to move someone across the country for the opportunity. It’s tough!
Todd Weiden
3mo
Great point - we’re filling that void at Clouds Talent Group. No joke, we’re maniacal about talent + offer some of the fastest + affordable solutions out there for this space.
Good insight!
President at Community Plus Federal Credit Union
3moMany small credit unions assume recruiters aren’t interested in working with smaller credit unions because salaries are lower