Benefits of Strategic Planning
Customer/Member Benefits
Cost effectiveness yields better interest & deposit rates
Improved/increased customer service
Safety & soundness of deposits
Board Benefits
Increased ability to make decisions that will assure long-term financial institution
survival and growth
Increased ability to control long-range direction
Allows Board to focus on key strategic issues, as opposed to management problems
Management Benefits
Allows management to evaluate future assumptions & alternatives
Management can look at the company in total rather than focusing on their individual
responsibilities
Individuals in the credit union will strive harder to achieve objectives they help set
Improved planning eliminates ambiguity and enhances teamwork and culture
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More Info |
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What
Clients Are Saying |
"When Glenn
Christensen facilitated our strategic planning retreat, he did a good job of adapting to
our process. During the session, he used his expertise to help us focus on the
important areas...he did a good job of including everyone in the discussion"
Bill Hayes, President/CEO
NW Federal Credit Union |
Related Information |
Market Research Services
Financial Analysis |
Strategic
Planning
Success Stories |
- "Our capital ratio is growing and we have a unified strategy for
managing growth"
- "When current results are questioned relative to previous years
results, I can now reference the directions from the planning session"
- "My relationship with the Board has improved"
- "We were able to work though decisions in the planning session that we
were unable to reach a decision on previously"
- "Both the Board and I have a much better sense that what we are doing
is a professional thing, it is now less ‘what’s in it for me’"
- "Loan demand has finally picked up"
- "The auditor and examiner are very pleased, the plan leaves the
impression that we know what we are doing"
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