With autumn approaching, the New York Credit Union Association is reminding member credit unions that the Association’s management consultants are available to assist with strategic planning.
Formal strategic planning can help credit unions: assess and improve their financial condition; allow management to assess, prioritize and minimize risk; improve communication; capitalize on opportunities; comply with regulator or insurer demands; and provide a cohesive, high-level framework to direct the entire organization.
The Association provides straight-forward strategic planning facilitation and consultations that are customized to meet the needs of each individual credit union.
Planning sessions may include financial trend analysis and competitive reviews; pre-planning surveys; an assessment of the credit union’s strengths, weaknesses, opportunities and threats; environmental analysis to review national and state trends; and development of strategic priorities and goals for the credit union.
For more information on the Association’s strategic planning consultation services, credit unions should contact their assigned management consultant or Association SVP/Chief Engagement Officer Ronald McLean at (800) 342-9835, ext. 8191, or firstname.lastname@example.org.