The big cheese, the big kahuna, the head honcho, the top dog… for the most part anyway. You still have to answer to the credit union’s board of directors who are elected from the credit union membership; they’re your real boss. In fact, your job as President/CEO involves being able to plan, direct, and control all credit union activities in accordance with the plans, policies, and directives established by the credit union’s board of directors. You’ll also be responsible for making sure the credit union is financial stable and the member’s remain satisfied. Being the President/CEO is a balancing act between making decisions that are within the best interest of the members, as well as the employees, and the credit union itself. Yep, being the President/CEO of a credit union takes a lot of hard work. But if you’re looking to offer strategic direction, vision, and leadership to an organization then becoming a President/CEO of a credit union is a goal you need to place on your life’s to-do list.
Major Duties and Responsibilities
- Direct all credit union operations, which include planning and implementing programs, policies, and procedures.
- Individually and/or through subordinates, provide strategic and/or administrative direction and management in all credit union functions.
- Manage the day-to-day operation of the credit union and establish office procedures to use staff and facilities most efficiently, to promote products and services, to provide outstanding member service, and to achieve the goals of the credit union.
- Ensure that the credit union is in compliance with the federal laws and regulations set forth by the National Credit Union Administration and other State and Federal regulatory agencies.
- Recruit and select quality applicants for management vacancies, ensuring that the credit union is adequately staffed with competent employees. Also, evaluate the job performance of credit union management to ensure quality service to members.
- Provide direction to the Board on compensation philosophy. Plan and recommend appropriate wage and salary structure in accordance with that philosophy.