<![CDATA[Mitchell, Stankovic, and Associates - MEDIA ]]>Tue, 03 May 2016 20:25:57 -0700Weebly<![CDATA[Stankovic Speaks on Four Strategies for Fostering a Long-Term Talent Roster at CUTimes.com]]>Wed, 06 Apr 2016 21:03:15 GMThttp://mitchellstankovic.com/media/-stankovic-speaks-on-four-strategies-for-fostering-a-long-term-talent-roster-at-cutimescom
What is more important to the longevity or health of a credit union than cultivating the next level of CEO leadership? You would think every institution in our industry would have a long list of viable alternatives eager to claim the throne. Yet, unfortunately, an alarming number of credit unions are faced with a skills gap between the CEO and the ungroomed, ill-prepared top executives. Nearly half of all organizations have no viable internal candidate to permanently replace the CEO if required to do so immediately. In fact, we have even worked with institutions that hesitate to name interim CEOs during the transition process to avoid giving too much authority to an incapable C-suite executive.
 
However, certain organizations do succeed in developing a deep understanding and enduring bench strength. At Mitchell, Stankovic and Associates, we work with institutions all over the country through their leadership transitions, and we have found common factors that contribute to a leadership transition's success. What do these institutions do to create success in their succession planning and leadership transitions? They combine professional development and growth with the methodical and regulator driven process of succession planning in order to create a sustainable and long-term roster of talent. In this article, we will examine four strategies for success in succession management to help take your organization to the next level and create a pipeline of strong internal chief executives.
 
FULL ARTICLE HERE 
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<![CDATA[Lost Purpose? Just One Agenda Item, Part V of UNDERGROUND WEEK at CUToday.info]]>Wed, 06 Apr 2016 21:01:05 GMThttp://mitchellstankovic.com/media/lost-purpose-just-one-agenda-item-part-v-of-underground-week-at-cutodayinfo
WASHINGTON–How can credit unions shift the end-game in the debate over the future of four critical areas: CEO succession, lost purpose and mission, CRA for credit unions, and private vs. federal deposit insurance?

Those diverse issues were all part of the discussion at the UNDERGROUND Conference here and it was, in turn, the subject of some spirited debate itself. The UNDERGROUND Conference was hosted by Mitchell Stankovic & Associates, and CUToday.info is providing coverage of the unique meeting as part of UNDERGROUND Week. The meeting, held at the Newseum in Washington, sought to create a forum where executives to get together and share ideas that were outside the mainstream.

FULL ARTICLE HERE 
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<![CDATA[Don't be Put Off by the Energy of Your Young Puppy Executives! Part IV of UNDERGROUND WEEK at CUToday.info]]>Wed, 06 Apr 2016 20:37:21 GMThttp://mitchellstankovic.com/media/dont-be-put-off-by-the-energy-of-your-young-puppy-executives-part-v-of-underground-week-at-cutodayinfo
WASHINGTON–How can credit unions shift the end-game for themselves? With an attitude change and better CEO and management development, according to two people.

Those two views were shared as part of the discussion at the UNDERGROUND Conference here and it was, in turn, the subject of some spirited debate itself. The UNDERGROUND Conference was hosted by Mitchell Stankovic & Associates, and CUToday.info is providing coverage of the unique meeting as part of UNDERGROUND Week. The meeting, held at the Newseum in Washington, sought to create a forum where executives to get together and share ideas that were outside the mainstream. Other coverage can be found herehere and here.

“Reflecting on the UNDERGROUND Conference and the presentations and dialogue of the dynamic speakers and attendees, I was struck by two things:  The passion and the pessimism,” noted Frank J. Diekmann, Cooperator-in-Chief at CUToday.info and moderator of the final panel discussion of the day at the UNDERGROUND Conference.

FULL ARTICLE HERE 
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<![CDATA[Innovation is Not Just About Technology- It is About Responding to Internal and External Environmental Considerations, Part III of UNDERGROUND WEEK at CUToday.info]]>Wed, 06 Apr 2016 20:35:37 GMThttp://mitchellstankovic.com/media/innovation-is-not-just-about-technology-it-is-about-responding-to-internal-and-external-environmental-considerations-part-iii-of-underground-week-at-cutodayinfo
WASHINGTON–Just what would a “radical reframe” of the credit union community look like?
That question was put to a diverse panel of people from the credit union community, each of whom took a crack at offering their own view on the issue during the UNDERGROUND Conference hosted by Mitchell Stankovic & Associates here. CUToday.info is providing coverage of the unique meeting as part of UNDERGROUND Week. The meeting, held at the Newseum in Washington, sought to create a forum where executives to get together and share ideas that were outside the mainstream. Previous installments in this series can be found here and here.

Mitchell Stankovic said what it meant by “radical reframe” was a willingness to go against the status quo, and recognition that innovation is not just about technology and standard adaptation of business practices. It is also about responding to internal and external environmental considerations that are impacting members and consumers within a credit union’s market area. 
FULL ARTICLE HERE
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<![CDATA[Credit Unions Ought to Start Acting Like Credit Unions, Part II of UNDERGROUND WEEK at CUToday.info]]>Tue, 29 Mar 2016 23:54:33 GMThttp://mitchellstankovic.com/media/credit-unions-ought-to-start-acting-like-credit-unions-part-ii-of-underground-week-at-cutodayinfoFrom a macro level, just what needs to be done to move the credit union industry forward?”

That provocative—and broad—question was posed to credit union leaders participating in the UNDERGROUND Conference hosted by Mitchell Stankovic & Associates here. CUToday.info is providing coverage of the unique meeting as part of UNDERGROUND Week. The meeting, held at the Newseum in Washington, sought to create a forum where executives to get together and share ideas that were outside the mainstream. 

The question of what can be done to move credit unions forward was asked of a panel that included Stan Hollen, CEO of CO-OP Financial Services; Todd Lane, CEO of California Coast Credit Union; Dave Doss, CEO of Arizona State CU, and Susan Mitchell, CEO of Mitchell Stankovic.

“Collaboration is important to achieve economic scale,” commented Stan Hollen.  “The big CUSOs were formed when a group of CEOs saw a need, came together and said we need to do something. Collectively, our industry is just not big enough. We pale in size to the big banks. None of us has the resources to spend the money a very large bank spends on R&D.  It is imperative that we collaborate.” For Lane, the issue is where the “tipping point” may lie.

The complete story can be found here: http://www.cutoday.info/THE-boost/Bringing-The-Underground-Above-Ground]]>