Co-Founder, Partner @ Compass Consulting | Creator of the Community Bank & Credit Union Wealth Management Blueprint for Success
Picked up several thought-provoking tidbits from this piece. "First and foremost, you have to focus on growing. We’re in a competitive environment where everything is commoditized, so your focus needs to be on how you better serve your members. You have to invest in the technology your current members want and your future members will demand. And you’ve got to be smart about it, with a good strategy and plan behind everything you do." - B. Dan Berger I can't speak to all aspects of running a credit union, but I do know wealth management inside CUs. Study after study tells us that consumers trust credit unions more than almost any other type of financial institution. Placing a higher priority on your credit union's wealth management platform has proven to be one way to better serve CU members' needs that helps grow all lines of business inside the CU. If you run a credit union without an internally controlled wealth management platform, you are at a significant competitive disadvantage. Reach out if you want to learn more about how Compass Consulting can help with that. #compassconsulting #compassinsights #wealthmanagement #communitybanking #creditunions #responsibleinvesting https://lnkd.in/d8u47bJG
