Succession planning

A first-time chief executive will take the helm of the Texas-based credit union next month.

Credit union boards need to spend more time on formal CEO succession planning.

Russell Cole will take the helm at CUSO Home Lending, succeeding John Reed, who is retiring from the position.

Joseph Whitaker will take over as president and CEO of SkyOne Federal Credit Union later this month.

Shay Santos, who has been with the Madison, Wis.-based credit union for nearly three decades, succeeds John Lowrey, who passed away in June.

From posts with the CFPB to internal specialists in lending, IT and more, here's the latest in credit union staffing.

Gerri Sexsion, who has led the credit union since 1997, is set to retire in early 2019.

Paul Yonamine will succeed Catherine Ngo as the company's leader next month. Ngo will continue to run Central Pacific's bank.

Trading floor layoffs may be ahead as revenue declines; Goldman Sachs to expand its consumer bank to the U.K.,

Tracy Ashfield, a veteran of the mortgage industry, will take over at American Credit Union Mortgage Association when Bob Dorsa retires in January 2020.