
Are Credit Unions Ready for the NCUA Succession Planning Rule?
Succession planning is essential for credit unions to ensure smooth leadership transitions and maintain operational stability. With the recent NCUA Succession Planning Rule, all federally insured credit unions must have a formal succession plan. But how prepared are credit unions to meet this new requirement?
During a recent webinar about the new Succession Planning Rule, 70 credit unions participated in poll questions assessing credit unions' readiness and resulting in some key insights.