Navigating the Choppy Seas of a Risky Business
Credit unions are in the risk business. If you don't take risk, you go out of business. It's as simple as that. However, take too much risk and you go out of business, too.
So modify that to credit unions and other financial institutions are in the risk mitigation business. Some do a better job of mitigating risk than others. Some are able to operate more profitably than others by better assessing risk. Some whither because they don't take enough risk. Particularly during this economic crisis, many companies and financial institutions sit paralyzed by fear of the risks rather than assessing and adapting to them.