Worthy of Note

ORLANDO - Neil Goldman also had these observations during Grow Show:

Processing Content

* In every major competitive category with the exception of checking, there is a focused financial provider who owns that market. The problem with being a PFI is that it’s not very focused.

* There may not be a direct line between happy employees and happy members, but can you think of a credit union where the employees are really unhappy and the members are happy.

* If you want to grow, create a member experience and find a way to measure it.

* A lot of credit unions have a tentative decision making culture, yet we want to implement a culture quickly. What falls down most often is the sales compensation programs.

We don’t involve them in the planning and then we’re surprised when they’re not on board. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More