STRATEGIC PLANNING & FINANCIAL PROJECTIONS
Your Strategic Planning Document is a living breathing document
It underpins your every decision and you report on the key performance indicators and goal achievement on a monthly and quarterly basis…. or is your strategic plan gathering dust on a shelf?
The strategic vision of the Registrar is “Strong Credit Unions in Safe Hands”. The foundation on which this strategy is built is on the belief that strong, well-governed Credit Unions, led by volunteers and retaining their local identity should remain an important part of the financial landscape of Ireland.
In February 2019 The Central Bank issued it’s guidance report on the Business Model Strategy for the sector. (Download directly using button below)
Detailed within the report are the ten interrelated components to be considered when you are completing any business model risk assessment. We are now using these headers to assess all Strategic Plans.
Does your strategic plan adequately assess challenge all of the below items?
If your credit union has not completed a detailed review of it’s business model and strategic plan then you may benefit from a third party assessment.
We can also assist management teams and Boards to effectively collect their strategies and goals into a fit for purpose reporting format.