4 ways credit unions can remain competitive, no matter what comes

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,David Underdale As Executive Vice President and Chief Marketing Officer, David leads the Marketing, Sales, and Field Support divisions. Dave has served as Executive Vice President since 2018 and Chief Marketing Officer … Web: https://www.alliedsolutions.net Details In a recent episode of The CUInsight Experience Podcast (see above), CUInsight’s co-founder Randy Smith interviewed Allied Solutions’ CEO & President Pete Hilger to hear about his 30+ years working with credit unions and learn how Allied has evolved from a small sales company to a large, successful distribution + technology company. The conversation kept coming back to this one point: Credit unions face a lot more challenges today than they did 40 years ago, and it has become a lot more challenging to remain competitive. Here are four ways Pete said credit unions can continue to grow and compete today:#1: Make data more meaningfulCredit unions that learn to harness their member data will be better equipped to remain competitive in a sustainable way. When asked what fundamental changes credit unions will need to make to stay relevant, Pete said “How do we make data meaningful?” He went on to say that credit unions have a ton of member data at their disposal; the difference-maker is knowing what to do with the data. The best leveraged member data can answer three questions for your credit union:1. How can I better serve my members?2. How can I better understand my members’ needs?3. How can I proactively deliver solutions to my members – even before they know they need it?Pete shared that digital transformation has become a primary strategic focus for Allied Solutions over the past couple of years, with technology being the fastest growing area of the business. As such, Pete understands the investment and work needed to evolve into a tech-savvy organization; but he also has experienced the lush fruits of these labors. Credit unions who are struggling to achieve their digital transformation goals can partner with one of the many Fintech partners out to help support your specific needs.#2: Consider ‘the human factor’ in all leadership decisionsWhether it be direct or indirect, all decisions have an impact on your members and employees, and that should be a leading attribute for any decision. The financial, logistical, or emotional results of a decision on members or employees should all be part of the conversation before a decision is made. Pete said that learning to consider ‘the human factor’ in all of his decisions – whether they be seen as positive or negative – has been a huge asset to him in becoming a strong and trusted leader within his role as CEO at Allied. A huge element of this is reaching out for input from other leaders whose teams would be impacted. Involving others you trust within your organization to offer advice and support will lead to smarter decisions, while also strengthening your organization’s culture.When asked about success, Pete responded with this anecdote: “If you are afraid to make hard decisions, you are not being honest and upfront to the people that count on you.”#3: Invest in culture to build a company of the futurePeople are the most valuable resources for any company. Investing in a culture that supports and uplifts employees will have a huge impact on a credit union’s ability to evolve and adapt. To do this successfully you’ll need to:Establish a strong, engaging work environmentCreate a culture of hearing, listening, and responding to your employeesUnderstand all employees’ values and interests – across all departments and locationsThings like compensation, monetary and non-monetary benefits like 401(k) and PTO, community service opportunities, and learning and development resources are all elements that should be considered.Pete recognizes first-hand the work, time, and costs that go into a cultural transformation. But, he said, he also knows from experience the value and ROI a strong employee culture can offer. Trusting in your people and giving them the opportunity to be successful, will lead to stronger succession plans, thereby allowing them to put their best foot forward in planning for the future success of the organization.  “Success or failure is dripped down from [every] person within the organization,” Pete shared. “And, it takes us all to perform at the highest level, so we can feel good that we did it for the entire organization, not just ourselves.”#4: Diversify to sustain growthDo you offer solutions that would provide a huge value to any untapped demographics or markets? Could you be missing out on opportunities to expand beyond your current membership? Pete talked about how Allied’s decision to expand their business was a hard and uncomfortable one for Allied’s leadership, but they knew it was the right decision to stay competitive. Allied continues to look for new business and market opportunities, in a way that strengthens the business, whilst not altering who they are and what they do. The result has been continued growth and enhanced relationships for Allied and their clients.  Credit unions have a lot of challenges and opportunities on the horizon. According to Pete, continuing to “protect your brand, invest in the tools and the partners that you have, keep your head up high, and make sure you are looking around the corner” will enable credit unions to overcome challenges and embrace opportunities head-on. In other words, take advantage of the resources you have – like your employees, technology, partners, and solutions – to continue competing and growing, no matter what comes next. Listen to the full podcast to hear lessons learned & advice offered by Allied Solutions CEO Pete Hilgerlast_img read more

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FDA claims progress on food protection plan

first_imgJul 2, 2008 (CIDRAP News) – The US Food and Drug Administration (FDA) today released a 6-month status report on its progress in implementing a food safety plan launched in November in response to high-profile contamination incidents involving domestic and imported foods over the past few years. The agency has conducted “incident command system” training courses and has developed a farm investigation course, which was held in February, for federal, state, and international investigators. FDA food protection plan 6-month summary See also: “Implementing the strategic approaches outlined in the plan is essential if we are to enhance our ability to respond and intervene in foodborne outbreaks,” said FDA Commissioner Andrew von Eschenbach, MD, in a press release today. “But there is much more that needs to be done. We are hopeful that Congress will support these efforts by providing the proposed new authorities that we requested in the Food Protection Plan.” Also, the FDA is seeking feedback on a variety of food safety proposals, including outreach activities and pet-food labeling and safety standards. Other prevention areas the FDA plans to address include modifying food safety guidelines for leafy greens and melons, updating Good Agricultural Practices, issuing a final rule on Salmonella enteritidis contamination of shell eggs, and modernizing Good Manufacturing Practices for human food. In 2007, the FDA launched a Tomato Safety Initiative to explore problems associated with Salmonella contamination in tomatoes. The agency said it has completed its review of growing areas in Virginia and central Florida and is now analyzing the information so that it can report its findings. The agency plans to hire and train at least 161 new full-time food inspectors. Also, it is seeking feedback on a plan to allow third-party certification programs to ensure that imported food meets FDA requirements. Nov 6, 2007, CIDRAP News story “US food safety plan calls for mandatory recall power” The agency said it has made progress with China and Vietnam on food and import safety issues and has also reached out to India and Jordan. It has also met with a host of other countries on rapid response and other food safety issues. Among technical accomplishments, the FDA said it has developed an assay to gauge the stability of two bioterrorism agents in high-risk foods and has published a study on the microbiological load of bagged, ready-to-eat produce. Intervention initiativesThe FDA said it has beefed up inspections at a facility that produces low-acid canned foods (LACF), because of concerns about botulism. The measure resulted in a recall after inspectors found viable Clostridium botulinum spores. In view of the findings, the agency said it is considering targeting more LACF facilities.. Also, the FDA has asked states to apply for funding to establish rapid response teams. Six states will receive cooperative agreements for this purpose in 2008, and three more will receive them in the 2009 fiscal year.center_img The 8-page report, available on the FDA’s Web site, covers a wide range of action items, from efforts to solicit stakeholder comments to research on how to assess produce contamination risks. Progress assessments are grouped under prevention, intervention, and response sections. In each category the FDA also lists steps it plans in the future. Jul 2 FDA press release Yesterday during the FDA’s update on the Salmonella outbreak investigation, David Acheson, MD, associate commissioner for foods, said many producers and distributors still use paper records, which have slowed the trace-back investigation. He told reporters that electronic records would enhance traceability. Some lawmakers have charged that the FDA has been too slow in implementing the food safety plan. For their part, FDA officials have said Congress has failed to grant the FDA authorities it has requested in the plan, such as the ability to require food recalls. Based on President Bush’s proposed 2009 budget, the FDA said it would conduct 327 more state contract food inspections than were completed this year and that its regulatory affairs office will conduct an additional 20,000 food import field exams. The status report comes as the FDA is fielding criticism over its handling of the investigation of a massive Salmonella outbreak thought to be linked to fresh tomatoes or some other ingredient commonly served in combination with tomatoes. When the FDA released its food protection plan in November, it emphasized that the strategy reflects a risk-based approach to improving safety. The new report says the FDA has established a risk-based steering committee to ensure that the plan adheres to that approach. Ramping up response capacityAcknowledging that better trace-back capabilities are needed to speed responses to foodborne illness outbreaks, the FDA said it has initiated discussions with industry and other stakeholders on current traceability models and how to identify beset practices for the process. “There have been changes in both the food industry and in the science of food safety that indicate a need for modernization,” the report says. Prevention plans move forwardThe FDA said it is working with state and local partners to develop a strategy for implementing the food safety plan and that a 50-state meeting will be held in St Louis from Aug 12 to 14 to collaborate and plan future food safety initiatives. On the technical front, the FDA said it has developed a rapid detection system, using flow cytometry, to identify Escherichia coli and Salmonella in food and that the system is already being used in poultry processing facilities. FDA microbiologists trained at the Centers for Disease Control and Prevention’s Salmonella reference laboratory on a new molecular method, purchased for many of the FDA’s labs, for rapidly identifying Salmonella strains. Jul 1 CIDRAP News story “FDA requests backup in hunt for Salmonella source”last_img read more

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La Liga: Battle of the strugglers as Alaves welcome Leganes to Mendizorroza

first_imgBoth side are struggling at the wrong end of the La Liga table. (PHOTO/COURTESY)Deportivo Alaves vs LeganesEstadio de Mendizorroza, Vitoria-GasteizFriday, 13-12-2019 @11pmRef: Cesar SatoAlaves posted consecutive wins and clean sheets against Valladolid (3-0) and Eibar (0-2) in November to lift themselves into mid-table, but they’ve been shuffled back to 15th over the past fortnight following defeats to Real Madrid (1-2) and Granada (3-0). While their narrow home reverse to Los Blancos can be easily excused (especially considering their fine effort in the game overall), last weekend’s beating against Granada at Los Carmenes was pretty woeful stuff from Babazorros.Asier Garitano’s side are still five points clear of the drop zone, but they will view this Friday’s fixture against second-bottom Leganes as a must-win affair, considering they face Barcelona at Camp Nou in the final match before Christmas.Defeat in both upcoming games could well see Alaves sucked into the relegation dogfight but their home form this season suggests they can hit back on Matchday 17. Babazorros have only lost to Real and Sevilla at Mendizorroza, where they have won four from eight this term, also picking up a decent 1-1 draw against Atletico Madrid on Matchday 11.It’s been a miserable campaign overall for Leganes but they managed to register their second win of the season last weekend after a run of one draw and four defeats from five. An Oscar Rodriguez double salvo spearheaded a much-needed 3-2 success for Los Pepineros against Celta Vigo at Butarque, and the result finally lifted Javier Aguirre’s side off bottom spot.Lega still remains five points adrift of the safety line, though, in 19th and their away record this term doesn’t bode well for them going into this Friday’s game. Los Pepineros have picked up just two points from seven outings on their travels and have failed to score in four of their last five away matches.Their form on the road is the key reason Lega are still stuck in such a bad position and punters should be wary until there’s some kind of turnaround. Lega will hope to land their first away win of the campaign on Matchday 17, but this venue hasn’t been kind to them in the recent past, as they have failed to triumph at Mendizorroza in their last eight visits.Alaves are 15th in La Liga but have a fair home record this term, winning four and drawing two from eight games at Mendizorroza. Their two defeats came against Real Madrid and Sevilla. Leganes head into this Friday’s clash on the back of a 3-2 home win against Celta Vigo last week; however, they have toiled on the road this season with two draws and five defeats posted from seven outings. Alaves have not lost to Leganes in their last eight encounters against Los Pepineros at Mendizorroza.The other La Liga fixtures this weekendSaturday, 14-12-2019-Granada vs Levante @3pm-Real Sociedad vs Barcelona @6pm-Athletic Bilbao vs Eibar @8:30pm-Atletico Madrid vs OsasunaSunday, 15-12-2019-Getafe vs Real Valladolid @2pm-Celta Vigo vs Real Mallorca @4pm-Espanyol vs Real Betis @6pm-Sevilla vs Villarreal @8:30pm-Valencia vs Real Madrid @11pmComments Tags: Deportivo AlavesLeganesSpanish La Ligalast_img read more

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