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"Who shall lead" is a key merger question


“Who shall lead” is a key merger question
The viability of a credit union merger frequently hinges on the question of leadership. A strong CEO is vital to the success of the post-merger organization, but so, too, is a senior management team that has the talent, expertise, and experience to carry out the strategic directives that will drive the credit union forward.
Will the CEO of the merging credit union be part of that team? Oftentimes, the answer is no because the main reason the merger came about in the first place was because of the CEO’s pending retirement. In many cases, it’s a long-tenured CEO who was the backbone of the credit union for decades. Upon the announcement of that CEO’s retirement, the board and senior management may come to the realization that this is the perfect time to seek a merger, especially if there is no clear line of internal succession and seeking an outside candidate would be cost-prohibitive. ....

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Local News Briefs


Local News Briefs
AAA Region 9 offering HEAP 
CAMBRIDGE - The Area Agency on Aging Region 9 via the Ohio Development Services Agency is offering a Home Energy Assistance Program for those at or below 175 percent of the federal poverty guidelines for payment of heating bills.
Applications will be accepted through May 31 and benefits can be applied to heating bills after Jan. 1. Applications and more information are available at energyhelp.ohio.gov. One must provide most recent utility bills, list of household members, proof of income and citizenship and proof of disability if applicable.
For more information on that program, call 800-282-0880 or go to energyhelp.ohio.gov. ....

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