Collaboration is one of the keys to success for credit unions.
But making collaboration work requires that you make the CHOICE to collaborate.
This short video outlines the core principles Credit Union Strategy recommends for credit unions as they explore new collaborations.
1. Engage your strategic planning team in brainstorming possible collaborations that will help you grow your credit union.
2. Consider doing two separate brainstorms. The first to identify collaborations that would help you reduce costs and improve efficiency, and the second focused on new ways to generate revenues and returns.
3. Remember–get the ideas on the table first, then evaluate them against the CHOICE principles presented in the video.