National Council of Firefighter Credit Unions Inc (NCOFCU)

305.783.3544 | [email protected] | www.ncofcu.org

In this episode, we explore an innovative approach to leadership in the credit union industry: sharing a CEO between two credit unions. As smaller credit unions face financial and operational challenges, this model offers a practical solution to maintain financial health and enhance service delivery.

We discuss the rationale behind this approach, highlighting its benefits such as cost efficiency, access to experienced leadership, and enhanced community engagement. By splitting the costs of a CEO, credit unions can redirect funds to improve member services and technology. Additionally, a shared CEO brings valuable strategic insights and leadership skills, fostering collaboration and operational synergy.

Despite its advantages, the shared CEO model also presents challenges, such as managing conflicting interests and navigating regulatory complexities. The episode outlines key steps for successful implementation, including conducting assessments, engaging stakeholders, and establishing clear communication strategies.

Join us as we delve into how sharing a CEO can transform credit unions, paving the way for a sustainable future and stronger community ties.