Search: technology strategy

FinTechs vs. Traditional Lenders – Is There a Difference?

TransUnion recently released a study comparing FinTechs to other lenders, and used personal loans issued between 2014 and 2016 as the basis for the study.  The study’s objective is to answer the question, “Are FinTechs different from other lenders?”  Interestingly enough, this is a question credit unions have been speculating on for years in an […]

What’s the Real Promise of Artificial Intelligence (AI)?

In our blog of December 7, 2017, we asked the question, “How long do you believe it will be before AI will impact your business model and strategy?”  With options of less than 2 years, 2-5 years, 5-10 years, and greater than 10 years, the responses were heavily weighted toward the shorter end of around […]

Elevate Your Budgeting Process

The following article was written by c. myers and originally published by CUES on November 20, 2017. More and more credit unions are recognizing the value of elevating budgeting to expand strategic thinking and drive better business decisions.  The strategic budgeting process is an ideal avenue for connecting strategy, desired financial performance and risk appetite. To […]

Three Practical Ideas For Intentionally Strategic Boards

The following article was written by c. myers and originally published in the CUES Professional Development Library on August 14, 2017. Board governance is a hot topic, as it should be. Effective boards and board members are essential to the success of the credit union industry. And it’s a fact that boards need to continue […]

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 […]

Start typing and press Enter to search