Credit Union Strategy
Glatt Consulting Group's process-based strategy solution empowers credit unions to develop and implement comprehensive, actionable strategic plans that drive sustainable growth, enhance market relevance, and strengthen competitive positioning.
Our Approach
We guide your credit union through a journey of discovery, analysis, and strategic planning resulting in a comprehensive roadmap to enhance your market relevance, strengthen your competitive positioning, and achieve sustainable growth.
1. Environmental Risk Assessment
We work with you to meticulously examine the external landscape, identifying potential threats and opportunities that could impact your credit union. This includes analyzing market trends, competitive forces, regulatory changes, and emerging technologies to provide a comprehensive understanding of the challenges and possibilities that lie ahead.
2. Business Model Strategy
With a clear picture of the environment, we collaborate with you to define a robust business model strategy. This involves analyzing your current business model, identifying areas for improvement, and exploring new approaches to create sustainable competitive advantage and drive future growth.
3. Objective and Key Results
We guide you in establishing transformational objectives that inspire and motivate, painting a compelling vision of the future you aim to create. We then define the key results that will demonstrate progress towards those objectives, providing a roadmap for success and a framework for accountability.
4. Strategic Initiatives
We help you translate your strategic objectives into actionable initiatives. This involves designing and prioritizing specific projects and activities, allocating resources effectively, and establishing clear implementation plans to ensure your initiatives are successfully executed and deliver tangible results.
Crafting a winning strategy is a journey of discovery. It begins with a deep understanding of the surrounding landscape and the opportunities it holds, and unfolds through collaborative discussions and informed decision-making.
Critical Questions
This section addresses common inquiries from prospective strategy clients about our processes, pricing, and typical timelines. We encourage you to review this information to gain valuable insights as you consider partnering with Glatt Consulting Group. Should you have additional questions, please contact us directly. Our team is here to assist you.
Process and Timeline
How long does the strategy development process typically take? What level of involvement is required from our team? How often will we meet with your consultants?
The strategy development process typically takes six to nine months. Your team will actively participate by completing discovery surveys and engaging in four one-day strategy sessions. These collaborative sessions will focus on key areas, including environmental risk assessments, business model strategy definition, strategic objective and key results setting, and strategic initiative development.
Customization and Relevance
How do you ensure the strategy is tailored to our credit union's unique needs and market conditions? Can you provide examples of successful strategies you've developed for similar credit unions?
Our approach ensures a customized strategy for your credit union. Throughout the process, your team retains ownership of all strategic decisions. We act as trusted advisors, offering perspectives and facilitating decision-making. This collaborative approach guarantees a strategy that reflects your credit union's specific needs and market conditions.
While each strategy is unique, past successes illustrate potential outcomes. These include new brand incubation, multi-segment business model launches, successful field of membership expansions, succession strategy and execution, and more.
Results and Impact
What kind of measurable results can we expect from implementing your strategy recommendations? How will the strategy improve our market relevance and competitive positioning?
Our collaborative process will produce a well-defined, actionable strategic plan tailored to your credit union. This plan will serve as a roadmap, outlining clear objectives, key results, and measurable metrics to track progress.
By working closely with your team, we will craft a strategy that is both ambitious and achievable, with a focus on practical execution. When implemented effectively, your strategic plan will enhance market relevance, strengthen your competitive position, and drive sustainable growth.
Cost and ROI
What is the cost of your strategy solution? How does it compare to other consulting firms? What is the expected return on investment?
Our comprehensive strategy development process involves a deeper level of engagement and expertise compared to a simple planning retreat. While we offer facilitation services for such events, our strategic planning process requires a more significant investment of time and resources.
As the specific investment will depend on factors such as meeting frequency and format, we encourage you to request a personalized proposal. Our typical project range is $10,000 to $20,000.
While this is a greater initial investment than a basic facilitated meeting, the resulting strategic plan will provide a clear roadmap for success, ultimately delivering a significant return on investment.
Related Insights
While credit unions are often referred to as non-profits, they operate as not-for-profit cooperatives. This distinction is crucial because, like any business, credit unions need to generate profits to build capital and ensure long-term sustainability.
Successful companies deliver a unified experience regardless of location. While they may face occasional challenges, their consistent brand identity and unwavering commitment to their core purpose allow them to weather storms and outperform competitors.