The key elements of strategic planning sessions for credit unions

Strategic planning is one of my all-time favorite activities. There is nothing better than getting management teams and boards offsite, out of their routines, and thinking about the future.

As an entrepreneur, I live in the tomorrow as soon as we paint its future. When I worked at a credit union, our planning process was always a bit challenging. Each year, we would pile new initiatives onto our existing pile and then struggle with yet another list of tasks. But good strategy shouldn’t determine only what can be added—it should also identify what can be cut out.

Having facilitated a number of credit union strategic planning sessions, we have found a formula that works pretty consistently.


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