CU 2.0 Podcast Greatest Hits #21 Steve Winninger on CEOs and Boards

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.

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