Through independent research and innovation, the Filene Research Institute explores issues vital to the future of credit unions and consumer finance.
“We only know two things about the future: (1) It cannot be known. (2) It will be different from what exists now and from what we expect,” said management sage Peter Drucker. What is obvious, even without a crystal ball, is that credit unions need to be lean and disciplined so that they are ready to face the certain uncertainties. We need to be sustainable.
More ...categories » Colloquium, Market Structure and Field of Membership, Mergers, Performance Measures
The colloquium, generously supported by CUNA Mutual Group and the California and Nevada Credit Union Leagues, brought together two UC Berkeley business professors – Jim Wilcox and Rashi Glazer – along with John Lass, CUNA Mutual Group’s SVP of strategy and business development, and Rukmini Banerjee a business process expert and vice president at CUNA Mutual Group.
Their presentations are available here for download. For Berkeley attendees or general Filene members interested in a customized sustainable growth analysis, please contact Theran Colwell: theran [dot] colwell [at] cunamutual [dot] com.
Image credit: Landmark Heritage Foundation
More ...categories » Colloquium, Economic Issues - Credit Unions, Mergers, Strategy, Sustainability
Conventional wisdom about mergers is that they reduce operational costs. And why wouldn’t they? After all, they assume advances like reductions in staff, consolidation of systems and vendors, more talented overall leadership, streamlined product structures, improved supplier pricing, and so on. Bigger is better, or at least marginally less expensive, right? But the answer, at least for credit unions, is merely “sometimes.” Find out more at Lunch with Ed: Mergers: Costs and Consequences.
More ...categories » Mergers