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Strengthen Your Financial/Operational Effectiveness with the Strategic Assessment Initiative
Thursday, July 27, 2017 7:00 AM

Following an examination, audit, or even a strategic planning session, credit unions are often in need of beneficial resources. Knowing where to find those resources is half the battle. If you are in search of resources that can help you strengthen the financial and operational effectiveness of your credit union, check out the Strategic Assessment Initiative

This program offers a robust library of resources that credit unions can utilize to enhance their operations. The library is categorized into eight critical focus areas:  financial, lending, compliance, human resources, business continuity, technology, marketing, and volunteers. Within these categories, credit unions have access to numerous resources, tools, educational opportunities, and vendor information.

In addition, the Strategic Assessment tool will provide a snapshot of financial performance and allow credit unions to compare their ratios to peer. This site also offers an insightful presentation titled “How to Impact Key Ratios,” which provides industry standards for 10 ratios that address the key financial areas of capital, asset quality, and earnings, and it addresses the factors that adjust the outcome of each ratio.

Access this complimentary member-exclusive resource, here.