“A ship in the harbor is safe…but that is not what ships are for.”
Credit unions and community banks are inherently conservative. That’s a good thing…until it becomes a bad thing. Sometimes an overly conservative nature leads to taking no risks at all.
As John Maxwell wrote, “The moment you decide not to take a risk is when your competitors will pass you by.” And as the book Traction notes, “If you cannot risk, you cannot grow. If you cannot grow, you cannot become your best.”
There are certain community bank or credit union risks you should take. While you often associate taking risks with your loan portfolios, there are other critical areas that need a risk assessment too.
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