June 27, 2017 About | Subscribe | Contact | CUNA News [ Log in ]

Article Tools

CUNA Research Reports

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

HR's Strategic Role

Focused HR staff can keep your CU's vision on track.

A human resource (HR) department with a strategic focus can bridge disconnects and strengthen an organization's vision, according to a white paper from the CUNA HR & Organizational Development and CUNA CFO Councils.

If HR, training, and other organizational development professionals aren't included as strategic players, however, it can have lasting negative effects on an organization, the paper "Organizational and Development Metrics: Strengthening HR's Strategic Approach" argues.

Given that chief financial officers are always considered strategic players, the paper poses the question, "What if these two seemingly opposite disciplines worked together?"

Put another way, would strategic planning become more effective if you incorporated clear information on how HR issues affect the bottom line?

"The credit union industry should strive to be more leading-edge in all we do to stay competitive and viable in the financial world," says Julie Wigley, vice president of HR at $639 million asset University of Michigan Credit Union in Ann Arbor, Mich. "And HR is an integral piece to make that happen. The credit union with the best people will win."

Council members are eligible to receive a complimentary copy of this and hundreds of other white papers.

(Via news.cuna.org)