Succession planning

Credit unions as an industry face a wave of CEO retirements, but experts say some institutions' succession plans don't stand up to scrutiny.

Koebler, the bank's head of consumer lending, will replace Jerome Lienhard, who is retiring.

Brad Hanson has been with the South Dakota company since founding its payment services division in 2004.

Mark Fierro, an 18-year veteran of the credit union service organization, will hold down the fort following Bret Weekes’ departure.

The high-profile Michelle Moore will step down at year-end, to be replaced by David Tyrie. More synergy between digital operations and consumer products, while maintaining financial discipline, seems to be an important priority.

Municipal's previous CEO, Kam Wong, was fired earlier this year after being charged with fraud and embezzlement. Mark Ricca will now run the institution.

Sarah Vega had accepted an offer to lead the four-state credit union league but has chosen instead to stay on as chief of staff to NCUA Chairman Mark McWatters.

Former Elevations Credit Union COO Jay Champion will take the helm at Westerra when CEO John McCloy retires in December.

Bret Weekses, CEO of eDoc Innovations, will take the helm at the Utah-based CUSO next month.

Victor Miguel Corro, a former WOCCU staffer, has taken the helm at Coopera following Miriam De Dios Woodward's move to PolicyWorks.

Mary McDuffie, who is currently Navy Federal's chief operating officer, will succeed Cutler Dawson, who is retiring.

Having spent 40 years in the credit union movement and the last 26 as CEO of True Sky CU, Steve Rasmussen has announced plans to retire later this year.

The appointment comes nearly two years after Davis said he was stepping down from the Minneapolis bank to pursue "another calling."

Mark Decello will take over for Gerald Guy, who has served as president and CEO at KEMBA for 30 years.

John Kolhoff will lead the Credit Union Commission of Texas starting in early December.

Several female executives accepted leadership roles throughout the industry and in regulatory roles during the past month.

Sarah Vega, chief of staff to NCUA Chairman Mark McWatters, succeeds Paul Gentile, who announced plans to leave the multi-state credit union league earlier this year.

Elliot Gregg, who led the institution for almost 20 years, will serve as president emeritus until his retirement in January.

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.