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N.Y. league small CU planning project in third year
LATHAM, N.Y. (5/12/08)--For the third year in a row, the New York State Credit Union League initiated its Making the Strategic Connection program for small credit unions with a meeting of 12 credit unions newly chosen to participate.
Management Consultant Marge Kazz (standing) works with representatives from four of the 12 credit unions participating in the New York State Credit Union League’s program to help small credit unions with strategic planning. (Photo provided by the New York State Credit Union League)
The program, launched in 2006, was designed to assist small-asset-size credit unions with their strategic planning. It is funded by a grant from the New York Credit Union Foundation. The program was expanded this year to include applicants with under $20 million in assets. Last year, the program included credit unions with less than $10 million in assets. A number of New York credit unions have participated in the program, which includes strategic planning workshops, development of a marketing plan and corresponding budget, and a financial forecast. A league management consultant reviews each credit union’s forecast to help it stay on track and avoid pitfalls that may arise along the way. “The Making the Strategic Connection program is an essential management tool, which results in the creation of an effective strategic plan,” said Marge Kazz, league management consultant. “It not only sets the future course of the credit union, it sets the environment in which it operates.”


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