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CU Snapshot

 Apr '17Mar '17
# of CUs 5,926 5,953
Members
(millions)
111.2110.7
Total Assets
($ billions)
$1,381.2$1,374.7
Total Savings
($ billions)
$1,161.4$1,163.6
Net Cap.
Assets
10.4%10.4%
Loans to Savings79.3%78.2%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

How to Lead Change

Don't lose the hearts and minds of your staff.

When trying to lead change, figure out what your company does right and do more of it, Hewlett-Packard CEO Meg Whitman says in Stanford Business.

The former eBay CEO says she's learned several lessons while working to turn around a struggling technology company, including:

Win the middle. Some members of your management team will get on board with your new approaches and some won't. Swaying those in between will be key to accomplishing your agenda.

Focus on what you're doing well. If you just fixate on the negative, it'll be hard to win staff's hearts and minds.

Don't fake it. You can't be embarrassed to ask questions.

Realize that symbolism matters. Results can take time, but it's not hard to show off your values up front with strategic actions.

Align employees to strategy. People focus on what they're getting paid to do, Whitman says, especially when you align financial incentives with company goals.

(Via news.cuna.org)