The five fundamentals of a credit union strategic plan

by Shawn Temple, On The Mark Strategies

There’s a lot going on in today’s financial industry. Institutions want to implement AI as it rapidly develops. Profitability is a concern as many fees come under attack. Fraud is a bigger and bigger threat to your balance sheet.

And it’s easy to get hung up on these developments…sometimes at the expense of the basics.

It’s time to return to the fundamentals of successful community financial institutions. The building blocks of success. Because without a firm foundation in the fundamentals, you won’t be prepared to deal with more complex issues on the horizon.

In Part One of this blog series, the focus is on community bank or credit union strategic planning. Let’s look at the five essential keys to a killer strategic plan.

 

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