Do you dread your ALCO meetings? Many say that they do, but why? A strong ALCO is one of the keys for a high-performing organization. ALCO discussions should be engaging and forward-looking, where the participants see opportunities and challenges from different angles. The result should lead to more ideas, agility, and better solutions for the credit union. Creating a shift to a more strategic ALCO that people are excited about takes time. Julie will be sharing stories of the journey that her credit union has been on to create this shift. Additionally, Rob will provide insights and lessons learned from experiences with hundreds of credit unions.
Among the many take-aways, there will be specific focus on:
Identifying key characteristics of a strategic ALCO
Ideas on how to break down silos in the organization so we better understand our interconnectedness
How to improve communication of potentially complicated numbers to help other decision-makers
Every decision has trade-offs, how do we make it so the trade-offs are better understood?
Shifting from historical presentations to forward-thinking, strategic discussions