Boxing legend Mike Tyson once famously said “Everybody has a plan until they get punched in the mouth.” Sound familiar for your community bank or credit union strategic plan?
For most credit unions and community banks, this thought is extremely poignant when thinking about your strategic plan as it existed pre-coronavirus. More than likely, you had what you thought was a functional strategic plan that was serving your goals at some level until earlier this year when it took a vicious right uppercut from the coronavirus.
So, there lies your community bank or credit union strategic plan, flat on the mat with the ref working into his ten-count. What are you going to do?
Think like another great boxer (albeit from the world of fiction). Rocky Balboa remarked “… it ain’t about how hard you hit. It’s about how hard you can get hit and keep moving forward; how much you can take and keep moving forward. That’s how winning is done!”
continue reading »