New Brunswick Credit Union Honoured for Management Leadership
MIRIMICHI – A Miramichi-based credit union is being honoured as a global leader in business management leadership.
Beaubear Credit Union CEO Andy Richardson has been named World Client of the Year by Leadership Management International (LMI), a premier provider of leadership development programming and delivery.
“It’s a real honour to receive this recognition on behalf of the great people within Beaubear Credit Union,” said Richardson. “Together, we have succeeded in creating a proactive culture, with measurable bottom line results stemming from our investment in leadership development of all of our people over the past four years.”
The investment paid off. The credit union achieved double industry average growth by changing corporate culture with help from Leadership Management International. They had growth of just over 5 per cent; the Atlantic credit unions average is 2 per cent.
Richardson credits corporate culture change as a key factor in achieving success.
Through the LMI system of setting goals, measuring results, and learning how to create a renewed culture of transparency, accountability, and an environment that allowed people to bring their best to work each day, the two-branch credit union undertook significant culture change.
“We had to face the reality of our financial challenges, stabilize revenues, rationalize expenses, and generally, measure everything we did,” said Richardson. “Our management team and front-line staff embraced the training, the expectations, and now we can see the results. I’m extremely proud of our people.”
Richardson will travel to Orlando, Florida in early April to accept the award on behalf of the Beaubear Credit Union team.