Plan for sustainability

first_imgFive steps to help small CUs succeedby: Mike SchenkWe recently posted a fresh economic and credit union forecast on our new Web page. Although this outlook isn’t much different from last quarter’s, one defining characteristic demands attention: the disconnect between large and small credit unions.Smaller credit unions continue to report operational challenges while most of their larger counterparts seem to have fully recovered from the Great Recession. As we enter the strategic planning season, we should ask, how can credit unions both large and small increase the likelihood of success and sustainability?I recently posed that question to members of CUNA’s Small Credit Union Committee and to state credit union leagues. While opinions differ, one thing is abundantly clear: there are no silver bullets. Hard work and an ability and willingness to change are common refrains.Beyond this, I’ve identified five main themes:1. Focus your missionIf you’re surrounded by other financial institutions trying to serve the same market, you’ve become a commodity. Identify and seek out consumers that other institutions aren’t serving—or aren’t serving well.Be a problem-solver, not an order-taker: What are your member’s problems and how can you help? Realize that differentiating on price exclusively can be a losing proposition, particularly for the small shop with relatively high expenses. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Governor Wolf Statement on Recent Events in Louisiana, Minnesota, and Texas

first_img National Issues,  Statement Harrisburg, PA – Governor Wolf released the following statement:“I’m greatly saddened by the horrific acts of violence that have taken place over the past several days.“We have to ask ourselves, is this the type of country we want? I believe the answer is no.“We must treat each other with compassion and understanding. We must seek to understand each other, our similarities and our differences. And we must never, ever let violence beget violence.“When incidents like those in Louisiana, Minnesota, and Dallas happen, it raises concerns and questions, and we must demand change and action.“It is unacceptable for people to live in fear because of the color of their skin. There is no justification.“Law enforcement has a trying and dangerous job to do, and they keep us safe. As officers were bringing out the best in ourselves by protecting protesters and preserving their right to assemble, they were attacked. There is no justification for that either.“All of us must take steps – community leaders, elected officials, public safety professionals, each and every person – to build the country we want so that all people feel safe in their interactions with their fellow citizens. We all must denounce violence unequivocally and embrace peace. We must ensure that justice is served to those who commit attacks and gruesome crimes against fellow citizens and law enforcement. We must demand better of our country and our fellow Americans.” SHARE Email Facebook Twitter Read Governor Wolf’s flag order to honor the five police officers who were killed in the line of duty on Thursday, July 7, 2016 in Dallas, Texas.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf Governor Wolf Statement on Recent Events in Louisiana, Minnesota, and Texascenter_img   SHARE  TWEET July 08, 2016last_img read more

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