- Credit Union juices its earnings with loan securitizations and asset sales. It is more Wall Street than Main Street to justify egos and large salaries of the junta running the show. Just wait to those markets slow down and house of cards come tumbling down.
- Tries to be innovative but isn’t.
- Tries to do too many initiatives. Then panics when things don’t go well
- Too many cooks in the kitchen when it comes to initiatives.
- There is a limited career path or succession planning to Team Lead, Director, VP or higher positions. If you don’t get it coming in, then good luck. They have actively made it harder for team members to make it into these leadership positions. This is causing frustration and turnover among the smart hard working team members.
- Tremendous amount of turnover in the last six months particularly in headquarters positions.
- IT has had at least five (lost track) CIOs in four years. Recently brought in an outsider to run in interim basis. Knows nothing about credit unions or how progressive technology teams should run.
- Credit Union is run by junta (CEO, CFO, COO) if you are personally blessed by them then you are good. If not watch your back
- Check out the salaries. It’s public record. Lots of six figures and one seven figure salary.
- Very, very political organization. Be prepared.
- Senior management is too busy managing up (kissing the ring) to run their teams. Causing morale and turnover
- Technology is out of date.
