c. myblog

June 29, 2017

Strategic Budgeting/Forecasting Questions: Linking the Appetite for Risk

The fifth entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses the institution’s appetite for risk and how it should connect to the budget or forecast. Question 5 – How is the budget and forecasting linking to our appetite for risk? A few short months from now, every credit union will be going […]

June 22, 2017

Strategic Budgeting/Forecasting Questions: Establish Appropriate Measures of Success

The fourth entry in our 6 blog series about Strategic Budgeting/Forecasting Questions addresses measures of success, and how they should connect to the budget or forecast. Question 4 – Are our financial measures of success handcuffing the credit union strategically? There are many examples of appropriate and inappropriate measures of success as they relate to […]

June 14, 2017

Strategic Budgeting/Forecasting Questions: Consider Key Forces

This is the third entry in our 6 blog series about Strategic Budgeting/Forecasting Questions. Question 3 – What key forces could impact our forecast? Every good forecast should have a sound rationale and basis for the assumptions. If the current forecasting approach involves simply taking last year’s growth rates and assuming they continue, that will not […]

June 7, 2017

Strategic Budgeting/Forecasting Questions: Representation of Strategic Initiatives in the Budget and Forecast

The second entry in our 6 blog series about Strategic Budgeting/Forecasting Questions builds on an understanding of Question 1. Having identified the financial direction of each strategic initiative, decision-makers are better positioned to look at the budget and see how the initiatives are represented and, of course, ask “why” questions. Question 2 – How are […]

May 25, 2017

From Operational to Strategic CFOs

The questions of relevancy and sustainability have never been more important. In this rapidly changing environment, today’s CFOs need to be multidimensional, competent, and forward-thinking leaders. CU Today and Credit Union Magazine each published a recap of Sally Myers and Rob Johnson’s speech at the CUNA CFO Council’s annual meeting on May 22, 2017 on […]

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