by Feminella, Amy | Apr 10, 2022 | Credit Union Advisors, Insights
The most common way credit unions recruit board members—the annual call for nominations and/or word-of-mouth from current directors and staff—is the least effective, according to Jeff Rendel, CEO of Rising Above Enterprises. So, how can you use other strategies to...
by Feminella, Amy | Mar 2, 2022 | Credit Union Advisors
Did you know individuals are 88% more loyal to a company that supports social or environmental issues?* As a credit union, your mission to help people is an integral part of your establishment. Looking back on the past two years and the wide range of challenges that...
by Feminella, Amy | Jan 23, 2022 | Credit Union Advisors, Insights
Welcome to the fifth and final part of our strategic growth series. Throughout our preceding posts, we’ve discussed various topics, including: The rate at which your credit union needs to grow annually just to stay relevant in the CU movement: 9.2% How we arrived at ...
by Feminella, Amy | Nov 16, 2021 | Credit Union Advisors, Insights
In our prior posts we’ve described the need to grow – both from a market relevance standpoint (9.2% per year – sustainably) and from an operating efficiency standpoint (all things being equal, operating expense per unit goes down as assets go up). Now, we...
by Feminella, Amy | Oct 31, 2021 | Credit Union Advisors, Insights
Welcome to post three in our five-part series on strategic growth. In the first part of this series, we introduced the figure 9.2%—the approximate rate at which your credit union must grow annually for the foreseeable future just to keep place with its peer group! In...
