A blog addressing issues and topics of interest for Montana credit union board members. Read a new post every week.
What an exciting time to be involved with a credit union! The latest CUNA Environmental Scan (no, not a paper on the acid levels of your parking lot soil, but a high level overview and snapshot of the environment of the credit union industry) notes that “After years of recession-induced cost-cutting, it’s time to position your credit union for growth.”
This is similar to the message I heard from many of the CEOs I have spoken to this year. They feel like it is time to stop being reactive (to over-regulation, high delinquency, poor economic conditions, etc.) and to start working proactively moving their credit union forward. This can only benefit your membership, and in turn, the communities you serve.
So, what is going on that might affect your direction and decisions? These are five of the top 10 trends the report lists to influence the next 12 to 18 months. (Note: I will cover the other 5 in the July 23 blog.)
Watch the July 23 blog for discussion of the remaining five trends. If you are interested in borrowing a copy of this year’s CUNA Environmental Scan (or E-Scan for short) book, or watching the accompanying DVD, contact us.
Donya Parrish is the VP-Dues Based Services for the Montana Credit Union Network. She would welcome any questions or comments on this material. You can email Donya or call her at 800-745-5546, ext. 122.