CU 2.0 Podcast Episode 96 Steve Winninger Talking Boards and Governance

by Robert McGarvey

Steve Winninger is the man to talk with about credit union boards and governance.

A longtime credit union CEO – 20 years at Lake Trust – now a $1.6 billion institution based in Michigan – plus he also served as CEO at IBM Lexington and since retiring from Lake Trust he has put in stints as CEO at four credit unions (only one of which merged out of existence).

But Steve is a rare CEO.  He loves talking about the role of the board and – done right – a board should be crucial in a credit union’s prosperity.

But many CEOs grumble about board meddling. In other credit unions – mainly larger ones – it’s the board that grumbles that they are ignored.

Sigh.

Hear Winninger’s views on that dichotomy in this podcast.

In this podcast Winninger spells out the four steps a good board must take. Must. No exceptions.

We also talk about whether boards are ready and able to help in the immensely difficult decisions that loom as credit unions wrestle with the economic fallout of the Covid-19 pandemic.

In this podcast we talk about some writing I did on Partners Credit Union – click the link and read about it.  There’s a mention of Maine Harvest Credit Union, also the effort to form a student credit union at George Washington University.   Follow the links to hear the CU 2.0 Podcasts.

Listen to the Winninger podcast here.

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Find out more about CU2.0 and the digital transformation of credit unions here. It’s a journey every credit union needs to take. Pronto