Excerpt from CUToday – published on May 20, 2019. “There is a side of CECL many are overlooking,” said Sally Myers, principal with c. myers corporation. “CECL requires a mindset shift. Initially, it is counterintuitive. Perhaps not to you, but certainly to other C-Suite executives and board members. There will be a disconnect between your […]
In a past edition of our c. notes, we discuss the Key Competencies of Strategic C-Suite Teams. While in the c. notes we explore 7 key competencies, in this blog we focus on the 6th competency – masters of the “so what” of the numbers and data to strategically drive the credit union forward, so […]
This excerpt comes from a webinar conducted by CUES where we discuss deposit acquisition. In less than 4 minutes, we discuss 4 questions you should answer if deposits are declining. To view the entire 1-hour CUES webinar, titled Dust off Your Deposit Acquisition Strategy, click here.
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 […]
Shortly after the Fed met a few weeks back, some credit unions likely breathed a sigh of relief. Deposit pressures were building and the cost of funds seemed positioned for a sharp increase. But with almost perfect timing, in came the Fed indicating no further rate increases in 2019. While many have changed their market […]