Succession planning

Irish League of CUs President Brian McCrory formally succeeded Daniel Burns as chair of the World Council of Credit Unions board.

Credit unions are hiring and promoting new loan officers to ramp up a key area of their operations.

Kennedy, who succeeds retiring CEO Lee Hancock, has served in executive positions at a variety of other credit unions.

Clearing services, assets under custody and administration and other parts of the trust bank's operations rose in the second quarter, all good news as it shifts leadership from Gerald Hassell to former Visa CEO Charlie Scharf.

One CU taps a new CFO and other leadership changes throughout the industry.

The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure.

Why choose a former Visa chief to run a custody bank? Because to survive long term, Bank of New York Mellon will have to look more and more like a payments company.

Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon.

Bob Aresti will retire in November, and the credit union has retained Giombertti Associates to conduct a search for its next leader.

A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen Hassan.

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.