Search: "business model"

Appropriately Managing Risks to Net Worth

Many risks are present in credit union structures and business models today. Interest rate risk, liquidity risk, credit risk, compliance risk, regulatory risk, business risk, fraud risk—the list can go on and on. Increasing regulatory pressure to ensure that all risks are understood and quantified heightens the stakes for all involved in the risk management […]

Make “Silo” Thinking a Thing of the Past: A/LM Education and Decision Filters

One of the challenges of running a successful credit union, and any business for that matter, is “silo” thinking in which talent is focused solely on individual areas and has lost sight of the bigger picture. Making decisions in isolation can be detrimental to the overall success of an institution. However, effective A/LM education and […]

Can Your Credit Union Absorb A Change to NCUA Risk-Based Net Worth Requirements?

Debbie Matz, NCUA Chair, recently announced in The NCUA Report that “NCUA staff is developing an approach targeted to the types of risk held by different credit unions. A net worth ratio of 7 percent would remain the floor… However, credit unions with assets over $50 million would be subject to improved risk-based capital requirements. […]

Execution: A Strategic Plan’s Worst Enemy

  Many credit unions are heading into their annual strategic planning process.  Successful strategic planning requires credit unions to answer tough questions.  For example: Is our business model relevant or does it need to be fine-tuned or completely overhauled?  Are members changing the way they use our delivery channels and, if so, what do we […]

Linking Strategy With Desired Financial Performance

The strategic planning season is right around the corner. At the end of their overall strategic planning process, many credit unions believe they have linked strategy with their desired financial performance. Some credit unions decide on targeted financial ratios and believe they are linking strategy with financial performance, but not high-functioning credit unions. They simulate […]

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