The NAFCU Journal September-October 2020 - 29

organization's strategic needs," Myers
"It's a real challenge for boards to look
advises CEOs. "If you do that regularly,
beyond the kind of CEO they currently
have and figure out what kind of CEO
the training and project-assignment
they need for the next five to 10 years,"
responsibilities will be more front-ofMyers
says. "In addition, most directors
mind for executives in a positive way. For
example, as new projects come along, they aren't hiring CEOs every year. They may
will be thinking of who should take the
only do it once every 10 or 20 years;
lead in terms of the training opportunities. they're not well practiced at this. If the
current CEO is doing a great job, the
If you can do this regularly and often, this
easiest approach is simply to go looking
approach becomes an ongoing methfor
a CEO that will be just like that. But
odology rather than something done in
the
outgoing CEOs themselves - at
annual - or even less frequent - spurts.
least
the ones that are humble enough
It is that methodology that cultivates
to
admit
it - may believe that it would
future leaders."
be better to bring in someone different,
someone with an extremely different
Managing the Challenges
skill set to take the organization to the
Many boards will be tempted to look at
next
level."
the role of the current CEO and seek a
successor whose skill set and mindset fit
Some credit unions may balk at the
that same mold. But this might be a miscommitment of time and money
take. The kind of leader who brought an
involved
in managing a long-term
organization successfully to the present
program
dedicated to employee develmay not possess the skills needed for the
opment
and
succession planning. After
years ahead.
THE NAFCU JOURNAL  SEPTEMBER-OCTOBER 2020

all, there is no guarantee the employee
will stay and contribute to the organization. "My argument is that, more
often than not, it doesn't turn out
that way," Rudolph says. "And, quite
honestly, if you don't invest in the
development of your team and your
talent, they'll just go elsewhere for
opportunities anyway."
In fact, for Holzgen, being on the receiving end of employee development has
been transformative for her career. "One
of the reasons I wholeheartedly believe in
this approach is because I've experienced
it in my personal career path," she says.
"Somebody took an interest in me and saw
something in me that I didn't see myself.
As a result of their investment, I was able
to launch my career further than I could
even imagine."
Robert Bittner is a Michigan-based freelance journalist.
29



The NAFCU Journal September-October 2020

Table of Contents for the Digital Edition of The NAFCU Journal September-October 2020

The NAFCU Journal September-October 2020 - Cover1
The NAFCU Journal September-October 2020 - Cover2
The NAFCU Journal September-October 2020 - 1
The NAFCU Journal September-October 2020 - 2
The NAFCU Journal September-October 2020 - 3
The NAFCU Journal September-October 2020 - 4
The NAFCU Journal September-October 2020 - 5
The NAFCU Journal September-October 2020 - 6
The NAFCU Journal September-October 2020 - 7
The NAFCU Journal September-October 2020 - 8
The NAFCU Journal September-October 2020 - 9
The NAFCU Journal September-October 2020 - 10
The NAFCU Journal September-October 2020 - 11
The NAFCU Journal September-October 2020 - 12
The NAFCU Journal September-October 2020 - 13
The NAFCU Journal September-October 2020 - 14
The NAFCU Journal September-October 2020 - 15
The NAFCU Journal September-October 2020 - 16
The NAFCU Journal September-October 2020 - 17
The NAFCU Journal September-October 2020 - 18
The NAFCU Journal September-October 2020 - 19
The NAFCU Journal September-October 2020 - 20
The NAFCU Journal September-October 2020 - 21
The NAFCU Journal September-October 2020 - 22
The NAFCU Journal September-October 2020 - 23
The NAFCU Journal September-October 2020 - 24
The NAFCU Journal September-October 2020 - 25
The NAFCU Journal September-October 2020 - 26
The NAFCU Journal September-October 2020 - 27
The NAFCU Journal September-October 2020 - 28
The NAFCU Journal September-October 2020 - 29
The NAFCU Journal September-October 2020 - 30
The NAFCU Journal September-October 2020 - 31
The NAFCU Journal September-October 2020 - 32
The NAFCU Journal September-October 2020 - 33
The NAFCU Journal September-October 2020 - 34
The NAFCU Journal September-October 2020 - 35
The NAFCU Journal September-October 2020 - 36
The NAFCU Journal September-October 2020 - 37
The NAFCU Journal September-October 2020 - 38
The NAFCU Journal September-October 2020 - 39
The NAFCU Journal September-October 2020 - 40
The NAFCU Journal September-October 2020 - Cover3
The NAFCU Journal September-October 2020 - Cover4
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