- Business model development must be underpinned by a clear strategy, risk understanding and strong core foundations in credit unions
- Regulatory powers provide flexibility to facilitate those credit unions with the necessary strength and capabilities to develop new products and services
- Creation of new CEO forum to support business model development
Registrar of Credit Unions, Patrick Casey addresses today’s Credit Union Management Association Spring Conference on ‘Developing Business Models’ in Athlone.
In his comments to credit union CEOs and managers, Mr. Casey noted the commercial challenges facing the sector and highlighted the importance of credit unions having a clear strategy and understanding of risk appetite before undertaking business model transformation. He noted credit unions must take ownership of the development of their future business model, providing the products, services and delivery channels their members need and expect in the future, on a basis that is wit
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