Every Credit Union Needs A Growth Plan

Growth — It’s a word synonymous with success for most businesses. In the credit union world, however, growth isn’t necessarily as cut-and-dry as building a bigger balance sheet. In today’s competitive marketplace, financial institutions are often considered successful when… Read More

5 Steps To Merger Success

5 Steps To A Successful Credit Union Merger

As a credit union leader, you should always have your eye on the competition. In today’s aggressive market, it’s not always just about making your credit union better than the rest; knowing who your greatest competitors are can… Read More

Considerations for Adding a Merger to Your Credit Union’s Growth Strategy

Adding a Merger to Your Credit Union’s Growth Strategy

In the credit union industry, size matters. Mergers offer credit unions a strategic opportunity to gain a competitive advantage through growth. Credit union mergers and acquisitions have been on the rise for several years. In 1969, there were… Read More

Millennials Are Key To Credit Union Growth

Millennials and Credit Unions

Millennials, that tenacious generation born during the late 80’s and through the 2000’s, are the driving force behind a significant upsurge in credit union growth. According to a study conducted by the TransUnion, the percentage number of millennials… Read More

7 Teams For Your Credit Union Merger

Credit Union Merger Teams

The credit union merger process is relatively complex and needs careful management to ensure a successful outcome. Apart from the merger team that oversees the entire process, a number of subsidiary teams are needed, each handling a different… Read More

7 Elements of a Strategic Growth Plan

7 elements of a strategic growth plan

Strategic organizational growth doesn’t happen by accident, or without plenty of care and nurturing. This is especially true with credit unions, where members benefit from growth, not third-party stockholders. Creating an intentional and forward-thinking strategic growth plan is… Read More

Gaining Competitive Advantage Through Mergers & Acquisitions

Gaining Competitive Advantage Through Mergers & Acquisitions

In the business world, mergers and acquisitions are often something feared by the masses. Credit unions, however, operate under a different umbrella where these activities should be seen as advantageous rather than detrimental. As a leader in your… Read More

Branches aren’t dead yet, invigorate your growth with mergers

Credit union branches and mergers

Chances are growth strategies will once again be the central topic of discussion at your strategic planning session this autumn. You’ve heard the prediction “branches are dead”. Stats show markets are over-branched. Banks are closing branches at a… Read More

Role of Board of Directors in Strategic Planning

Role of Credit Union Board of Directors in Strategic Planning

Directors of credit unions have the responsibility for setting the direction of the credit union and exercising overall control. As such, they are ultimately responsible for strategic planning and any other activities that contribute towards the overall financial… Read More

Time for a Strategic Planning Makeover?

Strategic Planning Makeover - Credit Unions

The Need for Change All industries face changes that require a strategic planning makeover, and the credit union industry isn’t much different. New market developments, client needs, along with various regulations, are most likely challenging you to find… Read More

6 Growth Strategies for Small & Medium Credit Unions

Credit Union Growth

Sustained growth can seem insurmountable as a small credit union or medium-sized credit union in a large market. Nearly 80% of industry membership growth is attributed to the 435 credit unions with over $500 million in assets according… Read More

Does Your Credit Union Need to Reinvent Its Swing?

Despite overwhelming success early in his career on the tour, Tiger Woods willingly took the risk of overhauling his swing in order to take him to the top of his profession. As credit unions enter the strategic planning process this year, credit union leaders also have the opportunity to reinvent their business strategies in order to take their credit unions to the next plateau of performance.