Business Resilience Planning: Preparing your Credit Union for Long Term Success

While no one could prepare for the impacts of COVID-19 on your business, you can celebrate the fact that your credit union has made it through the first wave. However, there is still a lot of uncertainty about what comes next. Letting your guard down is not an option for boards or management teams.

You are probably asking yourself "Is the worst of it over? Are our financial results as strong as they should be at this stage? How did we do in our crisis management compared to our peers?" It is normal to ask these questions and in fact, these are critical questions to ask as you pause and reflect on the last six months. 

Following a crisis, reflection can help ensure you are prepared for the future. Now is the time to learn and grow from your immediate response and put a critical eye to your activities and decisions that were made at one of the most stressful times any credit union has gone through.

To help credit union boards and management ensure they are prepared and on track from uncertainty to recovery, our business resilience team joins me for a 30 minute pre-recorded session to discuss common themes we have heard from our clients, the opportunities we are seeing, and what you need to think about in the short, medium, and long term.