SAN FRANCISCO--(BUSINESS WIRE)--Visa Inc. (NYSE:V) is pledging $1.5 million over the next four years to Filene Research Institute and Credit Union Executive Society to support research and education opportunities that will strengthen the talent pipeline in the credit union industry.
Similar to many industries, credit unions face challenges engaging, retaining and recruiting young talent. New talent contributes energy, creativity and leadership to the businesses. Young talent also helps ensure products and services are relevant to younger members, which is critical to the longevity and viability of credit unions.
“Credit unions are crucial to the financial health of our communities, and Visa is committed to their success through meaningful and impactful talent initiatives,” said Oliver Jenkyn, group executive North America, Visa Inc. “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.”
In support of the credit union movement, Visa will sponsor three initiatives:
- Visa will partner with the nonprofit, Filene Research Institute, to sponsor The War for Talent Center of Excellence, leading research dedicated to studying the talent gap in the industry. This four-year commitment brings together both industry and academia to create a wide variety of research, reports and colloquia on attracting, developing and retaining top performers.
- Visa will support the Cooperative Trust, an initiative that focuses on cultivating young leaders in the credit union industry. Visa will also sponsor the “Crashers,” a group of the brightest young leaders in the credit union industry, in an effort to provide millennial talent the networking opportunities and access to credit union senior leaders.
- Visa will sponsor the Credit Union Executive Society’s CEO Institute program, which provides education resources for future credit union CEOs. These courses will enhance credit union employees’ experiences and expand their roles in the industry.
Visa has supported the credit union industry since its inception. The latest initiatives continue to build on the company’s commitment to the industry that will benefit credit unions for decades to come.
About Visa Inc.:
Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.