2 minute read – The following blog post was written by c. myers and originally published by CUES on November 26, 2019. Make the roadmap for the new institution clear and use it as an unbiased filter every day. When a much smaller institution joins a larger one, it’s obvious whose strategy, business model, and … Continued
3 minute read – Heading into 2020, consumer experience continues to be a top focus for credit unions and banks. Delivering the experiences that target markets value is almost universally understood to be foundational to a sustainable future. As financial institutions make critical choices in where to focus their consumer experience efforts, more are using their … Continued
If it is, you’ll successfully implement your plan. Is strategy or implementation more important? Yes! That’s a slightly nonsensical way of saying that these two components are so critical and dependent upon each other that both must be successful for your well-crafted plan to become a reality. For that to happen, strategy and implementation must … Continued
Perfection. It sounds so desirable, but while most know that perfection is not possible, many leaders still strive for it. The question is, Should a leader strive for perfection all the time? Striving for perfection means targeting that tiny pinpoint in the middle of the bullseye. While some situations call for pinpoint perfection, the rest … Continued
If you’re tired of feeling scattered and stressed about implementation, try the following tips: 1. Break the cycle of everyone scattering to get back to “work” after strategic planning As you are scheduling your strategic planning process, simultaneously schedule solid blocks of time for key stakeholders to get together and think strategically about implementation. One … Continued
We live in a data driven world, but the data is far more useful if it is accessible and reliable. Ask yourself – do you view the reliability and accessibility of your data as a competitive advantage or a frustrating drag? Do you have multiple sources of information that sometimes show conflicting information, especially when … Continued
Among the many financial institutions that have implemented new loan origination systems (LOS), core systems, or other systems, a number of them find they’re really not getting what they wanted out of the new technology. Having heard so many implementation stories, we wanted to share a few of the lessons learned and, hopefully, save you … Continued
Being an Asset/Liability Committee (ALCO) member is one of the most exciting roles in the credit union. If you have the urge to roll your eyes right now, read on. Asset/liability management (A/LM) touches almost every area of the credit union and connecting all those dots is not only exciting, it can be hugely impactful. … Continued
