Succession planning

WSFS is implementing a new internal audit program and shoring up the succession planning in its risk department.

With wave after wave of credit union CEOs retiring, new issues are being raised about best practices in succession planning, including whether the former CEO should stay on in some capacity after a replacement takes over.

TruStone taps a pair of new leaders, a CEO earns honorary degree and more credit union executives in the news.

Marshall has managed the young professional mentorship program since 2012, helping earn it a Herb Wegner award. Culp takes the reins having participated in the group's "Crash the GAC" and Filene's i3 program.

Crane CU recognizes top teller, execs elected to key boards and more CU reps in the news.

Bob Marquette led the credit union for 31 years, overseeing an increase in assets from $400 million to more than $3.6 billion.

Sellers may shy away from partnering with banks that rely too heavily on one individual for their success, so buyers must show they are ready to handle unexpected departures or illnesses involving key personnel.

CUNA CFO Council announces excellence awards and more credit union professionals in the news.

Rebecca Reynolds Lytle will take the helm of the Bay Area CU on July 17.

Rice is retiring after more than 18 years of service and turns the reins over to the CU's vice president and compliance officer.