By the looks of things, Baby Boomer credit union CEOs are nearing retirement age, which used to mean boards had to have their succession plans in place—-but wait just a minute.

Boomers are now staying put! As the poet Dylan Thomas wrote, “Do not go gentle into that good night.”

Older executives who were set to retire are putting it off because their nest eggs have been decimated by the plummeting stock market, which doesn’t bode well for the generations waiting in the wings.

But to stay in their jobs, CEOs need to get up-to-date with technology, which has become more important over the years because of the need to compete on economies of scale with larger financial institutions and the credit crisis. (more…)