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Power of Association :: Consulting

Tuesday, December 03, 2013   (0 Comments)
Posted by: Susan Dyer
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With each Kansas credit union member, and every Kansas credit union, our voice is strengthened and together we can make a difference.

Sixth in the series of about the value of Association membership

In today’s changing economic environment, it is more challenging than ever for credit unions to remain competitive. Compliance burdens are heavy, margins are shrinking and interest rates remain at historically low levels. CEOs are retiring at a record pace placing additional stress on credit union operations.

KCUA Consulting helps you compete through its strategic and financial resources. Two full-time staff members work with you, your staff and volunteer Board of Directors to continue to improve your credit union strategically and financially. The Association’s consulting services are designed for all credit unions and many are supported by your annual dues and require no extra fee. 

Services available through KCUA Consulting include:
  • Industry Trends – The most current industry trends according to CUNA’s E-Scan is presented in relation to the current performance of your credit union.  These presentations can be combined with the latest technology topics in conjunction with KCUA’s Research and Development function.
  • Planning Sessions - KCUA can facilitate your annual planning session with staff and/or Board of Directors.  Sessions are custom-designed to fit your needs and provide the framework to create S.M.A.R.T strategic goals for the year.  
  • Succession Planning – KCUA can help your credit union develop a working succession plan for continuation of operations in the event of loss of management/key staff members.  Each succession plan is custom-designed to fit the needs of each credit union.  
  • Profitability Reviews – KCUA can review your expenses and look for ways to streamline your operations as well as provide suggestions to enhance your non-interest income and product/service offerings.
  • Financial Analysis – Assistance in other areas relating to financial analysis and performance, including account reconciliation, product profitability,budgeting, profitability planning, merger analysis.
In 2013, KCUA added a valuable online strategic resource - CU Analyzer. CU Analyzer is a financial analysis tool that allows you to easily compare your financial performance to user-defined peer groups, create custom charts and graphs and package the results into PowerPoint or Excel for presentation.

The League-credit union partnership is an integral element in the survival of credit unions. It ensures our financial health, supports our community efforts, and gives consumers a choice in choosing a financial institution.