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Posts in category "Performance Management"

12/20/2018

New Wave: Is the Explosion of Neo-Banks Really a Threat?

Neo-banks are creating industry disruption, but how worried should community banks and credit unions be? What’s the risk of becoming the next Blockbuster or Toys R Us as consumers increase their adoption of digital-only alternatives? Thus far in 2018, American neo-banks have received four times as much funding as they did last year, the New…

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12/19/2018

What the 2018 elections mean to Financial Institutions

No matter which side of the political aisle you’re on, one thing is for certain: The 2018 midterm elections took us all on a wild ride. Now that the dust has settled, recounts have been completed and the newly elected politicos — a more diverse group than ever before, with more women, people of color,…

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11/29/2018

Credit Union Puts Data and a Dashboard into More Hands

Chaffey Federal Credit Union of Rancho Cucamonga, CA is expanding its use of Dashboard across the institution. It’s part of a deliberate strategy for Chaffey FCU to increase the use of data to make decisions at every level. The credit union first started using Dashboard to improve the speed, ease, and accuracy of the budgeting…

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11/19/2018

The importance of succession planning at community banks

According to AARP, approximately 8,000 Baby Boomers are reaching retirement age (65) every day in the United States. Look around at your bank’s leadership and ask yourself – how many of them will be getting there shortly? Depending on your answer, you might also ask – how solid is your succession planning? If you’re wondering…

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11/15/2018

Wild ride: Stay in control during unpredictable conditions

Babies were crying. Strangers were holding hands and praying. Seat belts were pulled tight to the point of impinging circulation. “We’re going to have to ride this out,” the pilot had said. I suspected the 757 was on autopilot, the sophisticated electronics constantly adjusting to the turbulent conditions. “How nice that would be,” I thought….

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10/24/2018

The Gumshoe CFO: Before You Forecast, Do Some Sleuthing

Building an accurate forecast relies heavily on your historical data. But it’s the hands-on business knowledge you apply to the forecast that helps make it a more predictive and actionable roadmap for your institution. Before you start your forecasting process, take the time to gather updated information. For example, you should: Consider future business decisions…

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10/23/2018

How the CFO Fits into Top Banking Priorities

The ABA Community Bankers Council recently asked the top officers of community banks nationwide about their top priorities for the year ahead. Will they be focusing on technology? Adding new products and locations? Transforming the customer experience? Recruiting and developing a stellar workforce? Creating new business partnerships? Check all of the above, and then some….

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