Visa recently awarded $1.5 million in research grants to Filene Research Institute and Credit Union Executive Society over the next four years to bolster the talent pipeline in the credit union industry.
“Credit unions are crucial to the financial health of our communities, and Visa is committed to their success through meaningful and impactful talent initiatives,” Oliver Jenkyn, group executive North America, Visa Inc., said. “With this investment, our goal is to provide a sustainable benefit to credit unions that will strengthen the next generation of leaders and ensure the future success of these important organizations.”
Through its partnership with the nonprofit, Filene Research Institute, Visa will sponsor “The War for Talent Center of Excellence.” This initiative is dedicated to studying the talent gap in the credit union industry. The four-year commitment brings together both industry and academia to conduct research and generate reports on attracting, developing and retaining top performers.
Visa will also invest in the Cooperative Trust’s “Crashers” program, which provides millennials in the credit union industry with networking opportunities and access to senior leaders.
Through the remaining grants, Visa will sponsor the Credit Union Executive Society’s CEO Institute program, which provides education resources for future credit union cheif executive officers.
These initiatives build on Visa’s long-time commitment to the credit union industry.