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
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
How will you respond? Imagine a world where member deposits are harder and harder to come by—a world in which slow leaks in the potential deposit pool have become a steady drain. As you imagine that world, the time to think strategically about how you could respond is now, before it actually happens. People have … Continued
Becoming an organization that is good at project management is not simple. While the basic concepts of project management are easily understood, there are a myriad of reasons why those concepts are not consistently and effectively put into action. Here are 2 of the most common misconceptions that get in the way: 1) A good … Continued
4 minute read – Have you ever noticed how projects start out so well with everything on track until suddenly, out of the clear blue sky, there’s a giant problem? The project is unexpectedly off track and you’re scrambling to slow the resulting domino effect. What happened? It’s likely that things weren’t nearly as on … Continued
