The Rapid Change of Delivery Channels:
Why Omni Channel Optimization is Key

Bill Goedken, MBA CPA CMA CGMA Best Practices, idea5 Discoveries, Strategic Planning 0 Comments

Consumers are fickle. Consumers constantly change their minds. Consumers want it now, fast, and for free. OK, what else is new? If you just built a nice new branch and now are wondering why your credit union’s members are not beating down the doors to “experience” your new facility we have news for you – the electronic experience has taken over.

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Strategic Planning Tips:
Ideas for “What-if’s” for Projections 2017-2020

Bill Goedken, MBA CPA CMA CGMA idea5 Discoveries, Strategic Planning 0 Comments

As banks and credit unions begin to wrap up their Strategic Planning season for 2016, I am often asked by the C suite “Bill, what type of what-if’s should we be running in our projections/ALM model?” This is a very valid question, as financial institutions look ahead and want to know what they would look like if their goals and strategies are implemented and successful.

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Third Quarter 2016:
Board/ALCO Background Review

Andy Neid Best Practices, idea5 Discoveries, Strategic Planning 0 Comments

If you at all have been listening to the presidential debates, you might have heard: “America doesn’t win anymore. We keep doing bad deals with the rest of the world. It is time to make America great again.” Well, no matter which side you agree with, the vast majority of Americans see the upcoming presidential election as the single greatest threat to the country’s well-being, according to a new report published by Bankrate. About 6 in 10 Democrats and 7 in 10 Republicans said “the outcome of the presidential election” would be the “biggest threat to the U.S. economy over the next six months” out of more than 1,000 respondents surveyed in Bankrate’s latest poll.

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Strategic Planning – Is the Juice Really Worth the Squeeze?

Martin Webster, EMBA idea5 Discoveries, Strategic Planning 0 Comments

Strategic planning – Is it really worth the trouble? Given the time and resources required to implement a structured planning process, is the juice worth the squeeze? Over the years, we’ve heard many financial executives ask themselves that same question. They’ll say things like: “We’ve never really had a formal process and we do just fine.” “It’s too late in …

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Just Released!
The 2017 – 2020 Strategic Planning Kit for Financial Institutions

Martin Webster, EMBA Best Practices, idea5 Discoveries, Strategic Planning 0 Comments

The 2017 – 2020 Strategic Planning Kit for Financial Institutions is READY. “We’ve spent the last 30 years providing strategic planning services for banks and credit unions, and have developed many best practices. Now, we’ve put our knowledge into a Strategic Planning Kit to help you lead an actionable planning process for your organization.” Bill Goedken, CEO, idea5 | Stratezy

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Second Quarter 2016 Board/ALCO Background Review

Andy Neid idea5 Discoveries 0 Comments

This analysis refers to information and graphs provided separately as a pdf. Click the thumbnail or click here to access the pdf. National Trends (Slides 1-11): Folks who sold off their stock portfolios after temporarily losing a fortune in the “Brexit” fallout likely will be kicking themselves this week after America’s major stock indexes posted record performances. The late-June Brexit result …

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First Quarter 2016 Board/ALCO Background Review

Andy Neid idea5 Discoveries 0 Comments

This analysis refers to information and graphs provided separately as a pdf. Click the thumbnail or click here to access the pdf. National Trends (Slides 1-12): The U.S. economy is again off to a “sideways” start to the year, clouding the outlook and validating the Federal Reserve’s wait and see posture on raising interest rates. This is nothing new for the …

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Fourth Quarter 2015 Board/ALCO Background Review

Andy Neid idea5 Discoveries 0 Comments

This analysis refers to information and graphs provided separately as a pdf. Click the thumbnail or click here to access the pdf. National Trends (Slides 1-12): As we turn the calendars to the New Year, there is enough conflicting data about the state of the economy to discount any market prognosticator. Late last week, the U.S. Census Bureau reported that …

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Third Quarter 2015 Board/ALCO Background Review

Andy Neid idea5 Discoveries 0 Comments

This analysis refers to information and graphs provided separately as a pdf. Click the thumbnail or click here to access the pdf. National Trends (Slides 1-11) Just as the recent swings in your stock portfolio suggest, the latest economic news continues to send mixed messages on the overall health of the economy. On a positive note, real GDP increased 3.9% …

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Second Quarter 2015 Board/ALCO Background Review

Andy Neid idea5 Discoveries 0 Comments

This analysis refers to information and graphs provided separately as a pdf. Click the thumbnail or click here to access the pdf. National Trends (Slides 1-8): Short version: Slow growth in the economy overall. Some good growth in the housing and commercial sectors depending on where you are in the country. Longer version: GDP retracted a bit in the first …

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The Banking Regulatory Burden Visualized

Martin Webster, EMBA idea5 Discoveries 0 Comments

A newly retired banker and good friend of mine just bought into a daycare in our city. During lunch recently, he jokingly said he had bought into one of the few businesses with more regulations than banking. While there may be truth in this, the regulatory burden financial institutions face today is not particularly funny. The extent of this increasing …

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Heard On The Street: Is The New Regulatory Environment Limiting Product Choices?

Bill Goedken, MBA CPA CMA CGMA idea5 Discoveries 0 Comments

Earlier this month, I attended and also spoke at the American Banker Association’s National Conference for Community Bankers. One of the education sessions dealt with the new banking “business model” and how the regulatory changes were affecting community banking. The moderator asked the audience to respond with a show of hands on several questions. One question was “Is the new …

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Best Practice Observation of the Month: Cybersecurity – the New Reality

Martin Webster, EMBA Best Practices, idea5 Discoveries 0 Comments

We have all seen the news about data breaches at Home Depot, Neiman Marcus, Target, even Sony. Banks and credit unions are also being targeted, with institutions like Citibank, Bank of New York, and JP Morgan reporting major security breaches. The after effect of these breaches are now hitting main street financial institutions. As an example, credit unions in Ohio …

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