Search: technology strategy

Strategic Budgeting/Forecasting Questions: Connect Strategic Initiatives with Financial Direction

Strategic initiatives impact results – members may be better served and membership may grow, assets may grow, and earnings and net worth may increase. Some strategies may cause temporary or long-term reductions in membership, assets, earnings, or net worth. Budgets and forecasts should incorporate the anticipated impacts of strategic initiatives and establish common expectations for […]

What-Ifs Help the Budget Process

Testing ideas and running what-ifs is a powerful way for decision-makers to understand the impact of decisions under consideration in real-time (for more on this, please refer to our blog, Has your ALM technology Emerged from the Dark Ages?).  The power of what-ifs can also be applied to the budgeting process, and help link decisions […]

CUES CEO/Executive Team Network Conference

Linking Strategy and Measures of Success Rapid-fire changes in technology, uncertainty about interest rates, and non-traditional competitors are challenges faced by the credit union industry today.  Understanding future environmental forces and the actions your credit union can take in order to prevail and flourish in the face of these challenges is the first step in […]

A Tough Question in a Short Message

Why is it critical to position for quality deposit acquisition, NOW? Because: The competitive environment is complex and changing at lightning speed. Technology companies are redefining banking for just about everyone—not just Millennials. Many credit unions have more than 65% of their deposits with members who are 60 years old or older. Hopefully the traditional […]

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