Survival of the smartest How credit unions can stay competitive in a changing industry - Published from Deloitte LLP

Amid the most turbulent economic environment in recent history, credit unions and caisses populaires are facing enormous challenges. As markets realign and the pace of consolidation accelerates, it is becoming increasingly imperative to consider new business models and strategic partnerships. More stringent regulatory scrutiny requires the adoption of improved compliance processes. Spiralling consumer demands mandate that you build scale, while staying true to your community-based roots. And the challenges don’t end there.

To help credit unions and caisses populaires respond to these market forces, Deloitte prepared a report entitled Survival of the smartest. In it, you will find details of seven key issues you must address in the coming years, along with a wealth of action items that can help you:

• Develop a strategy for consolidation
• Enhance regulatory compliance
• Prepare for industry transformation
• Attract new members
• Leverage IT to improve productivity and profitability
• Attract, manage and retain top talent
• Protect your members from fraud

To learn how credit unions and caisses populaires can position themselves for success in today’s volatile financial markets, download the report.

 Survival of the smartest: How credit unions can stay competitive in a changing industry  (2584.12 KB)