c. myblog

June 24, 2016

Don’t Hit Cruise Control on Auto Loans

Auto sales, which have been at record levels and hit a peak of 17.8 million units last year according to CU Times, may be reaching a plateau. If your earnings are heavily reliant on sustained and significant production in auto loans, think strategically about the following: There are indications of changing behaviors affecting market demand.  […]

June 9, 2016

Strategic Implementation: Huddle Daily for Strategic Success

Institutions are in a constant state of change. Core conversions, new products, and improving processes are just a few examples of change that credit unions go through to help support strategic initiatives; inherent in any of these changes is a need for behavior change. Often institutions focus on the change itself. The change is implemented, […]

May 26, 2016

FinTech Lending – Don’t wait for strategic planning to have this strategic discussion

While some FinTech lenders may be struggling, credit unions should not assume the threats are going away. FinTech lenders have taken a huge bite out of the lending pie.  Consider the following: It is no secret that FinTech lenders have recently taken a big hit.  However, even if Lending Club, Prosper, or OnDeck are not […]

May 19, 2016

CECL’s Threats To Your Business Model: Six Questions To Consider

CECL is a new set of rules that every credit union eventually will have to play by. While it may not be in effect until 2021, many credit unions could find that they need all that time to reposition their business models to prepare for its impact. Keep in mind that the impact being discussed […]

May 12, 2016

5 Things Not To Do With Your Investment Strategy

1. Don’t manage investments in a silo. Investments are an integral component of the business strategy. Investment strategy should be developed in light of a credit union’s unique financial structure and strategic objectives. Understand how the whole financial structure works together. For example, if the lending portfolio includes a significant amount of long-term loans, investments […]

Start typing and press Enter to search