I was working on cleaning up old notes and found some advice we gave to a client a few years ago. Still relevant so I thought I'd share. When mergers don't lead to improvements in income, expense control, efficiency, or…
Why Merge?
Managing PESTs in a Virus Pandemic
One of the great tools for planning, often used along with a VRIO analysis, is a PEST analysis. PEST stands for Political (or Regulatory), Economic, Social, and Technological, and a PEST exercise is a helpful way to identify current and…
What is Essential to Your Competitive Advantage?
In times of crises companies often cut “nonessential” programs, services, or resources. But sometimes “nonessential” is really just what is easiest to cut or put on hold - and what is cut may really be essential to stability and recovery,…
Structure: The Chief Engagement Officer
Are you like most credit unions? Do you have some aspiration to be your members' "primary financial institution?" How are you doing? If our experience with credit unions across the country is a reliable proxy, our guess is that you…
How Many Cars Does a Young Person Own!?
It seems everyone has an anecdote today about young people and cars. I've heard some variation of this statement so many times over the last year: "My (son/daughter/grandchild) will never own a car. They don't even want to get a…
