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Ep. 90 - 1-On-1 With Andy Jaeger of CU of New Jersey
Manage episode 498375601 series 3316827
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Want to learn how credit unions thrive through collaboration? Curious about leading a low-income designated institution? In this episode of Credit Union Conversations, host Mark Ritter sits down with Andy Jaeger, CEO of Credit Union of New Jersey, for an insightful 1-on-1 conversation. From his unexpected start in the credit union industry to driving financial wellness and youth engagement through initiatives like the Greenlight debit card, Jaeger shares his journey and vision. Discover strategies for succession planning, fostering emerging leaders, and supporting small credit unions to ensure a vibrant future for the industry.
IN THIS EPISODE:
- (00:00) Intro: meet Andy Jeager
- (02:55) Andy Jaeger shares his origin story into the credit union space
- (09:05) A low-income designated credit union with $475 million in assets, focusing on members
- (15:02) Fostering credit union philosophy by indoctrinating new employees to maintain industry spirit
- (19:31) Succession planning strategies, training emerging leaders and identifying talent gaps
- (24:21) Small credit unions should collaborate and partner to overcome economic challenges
- (29:16) Credit Union of New Jersey’s priorities: financial wellness, youth engagement via Greenlight debit card
KEY TAKEAWAYS:
- Collaboration is vital for the credit union industry's future. Andy Jaeger emphasizes partnerships, like those with business lending CUSOs, to help small credit unions deliver services cost-effectively while maintaining their identity.
- Succession planning is critical to sustain the credit union's philosophy. Jaeger advocates for identifying and training emerging leaders through regional programs and networking to preserve the industry's mission.
- Financial wellness and youth engagement are priorities for Credit Union of New Jersey. Initiatives like the Greenlight debit card aim to attract younger members and promote long-term member services and community impact.
RESOURCE LINKS
Credit Union of New Jersey - Website
BIOGRAPHY:
Andy is the longtime CEO of Credit Union of New Jersey. Andy is an accomplished credit union executive and is a former chair of the New Jersey Credit Union League.
KEYWORDS: Credit Union, Collaboration, Succession Planning, Member Services, Financial Wellness, Low Income, Community Impact, Youth Engagement, Greenlight Debit, Credit Union Philosophy, Board Training, Emerging Leaders, Small Credit Unions, Member Business Financial Services, Business Lending CUSO, Greenlight debit card
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