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CU Snapshot

 Aug '17Jul '17
# of CUs5,708 5,893
Members
(millions)
112.7112.2
Total Assets
($ billions)
$1,372.1$1,383.7
Total Savings
($ billions)
$1,158.6$1,165
Net Cap.
Assets
10.8%10.7%
Loans to Savings82.3%81.5%
Loan Delinq.0.8%0.7%

         Credit Union Indicators

Rock Your CU's Service Culture

CUs need rock stars—not lip syncers—to amp up the brand, culture champion says.

Jim Knight is on a mission to change the service culture in this country.

The former head of training and development for Hard Rock International closed out the CUNA Technology Council and Operations, Sales & Service Council conferences in Orlando with a high-energy, "rockin'" presentation.

Knight called on credit union leaders to create truly differentiated service for their members. If successful, members will keep coming back, take on additional services, and talk enthusiastically about the organization within their social networks.

To achieve this, your staff must operate like the massively popular rock band U2. Even though two members—lead singer Bono and lead guitarist The Edge—command the attention while bandmates Larry Mullen Jr. and Adam Clayton work somewhat anonymously, they're all "singing off the same sheet of music."

Knight said this chemistry only emerges through the creation and embodiment of a member-obsessed purpose, where the credit union communicates clearly and with urgency to its members, "I will do anything for you."

In his wide-ranging talk, Knight drew on examples from the diverse worlds of business and music to illustrate outstanding customer-oriented experiences.

Paragons of service include the fast-food franchise Chick-fil-A, which puts every new employee through a full two-day training program before they start learning their positions, and shows them an emotionally resonant video underscoring that "every person has a story."

Credit unions can learn valuable lessons from organizations as varied as Zappos, the online shoe retailer, to Pike's Place Fish Market in Seattle.

Like these other service organizations, credit unions are in the "memory-making business." Memories equal "raving fans," which translates into long-term loyalty.

Above all, said Knight, credit unions need rock stars—not "lip syncers"—to "amp up the brand" and move the organization forward by creating a loyalty-based, member-obsessed internal culture.

(Via news.cuna.org)