Enhancing credit unions’ ability to measure, prioritize and manage organizational risk/opportunities in today’s economic environment.
- It maximizes value by setting strategies that balance return and risk considering its risk posture
- Effective risk management supports all activities from molding high-level strategy to running daily operations
- Risk management helps maximize returns to members and capital allocation by:
- Selecting opportunities with attractive risk/return profiles
- Avoiding excessive losses
- Balancing earnings uncertainty with earnings potential
- Preventing damaging publicity
- Allows you to see all organizational risks in a single snapshot and on a common scale
- Offers the potential to greatly improve your credit union’s ability to identify key risk exposures
- Develops a sustainable process
- Focuses efforts on the projects that will most efficiently address key exposures
- Provides ERM information to ALM positioning and strategic planning, to improve the bottom line
- Reduces your overall risk:
- However, we like to point out that a credit union makes its money by assuming risks. The ability to know what you are getting into really helps you improve your margins.
- Rochdale has a team of consultants with a tremendous amount of experience working with credit unions and other financial institutions on ERM and other consulting projects
- Our consultants have led operational, accounting and regulatory projects for some of the largest banks in the U.S. while working with the big 4 accounting firms
- They have led a great number of consulting projects including ERM reviews for some of the largest credit unions in the U.S.
- They have executive experience in large credit unions, the Federal Reserve and insurance companies
- In summary, they have just the kind of experience needed to understand the key challenges facing every area of a credit union while offering the independent perspective to use that information to improve a credit union’s risk management activities
For more information or a detailed proposal, contact:
Tony Ferris
The Rochdale Group, Inc.
8700 Indian Creek Parkway, Suite 120
Overland Park, KS, 66210
Phone: 1.800.424.4951, Ext. 8001
tferris@rochdalegroup.com
CLICK HERE to view a sample ERM Project "Dashboard"
CLICK HERE to view a powerpoint providing an overview of ERM
CLICK HERE to read Tony Ferris' "White Paper" entitled "Enterprise Risk Management Is Coming"
