X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The 10-year plan has been whittled down to a five-year plan. Since 2020, that five-year plan was knocked down to a three-year vision and, in many cases, credit unions aren’t looking out much more than one year; even then, that’s just a short-term outlook in a pandemic-filled fog.

Many credit unions had some grand plans for the future before our world became covered in COVID.

For instance, Bill Partin, president/CEO of Sharonview Federal Credit Union in Indian Land, S.C. ($1.7 billion in assets, 99,630 members) had some big ideas for his credit union’s new 180,000-square-foot headquarters. As Partin put it, “We had built a gym. We had a lake with a trail around it. We created an oasis room with a ping-pong table, Dave & Buster shuffleboard, pool table, foosball, a couple of big flat-screen TVs and some couches. We built a state-of-the-art training facility – back when we thought in-person training was the gold standard.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Michael Ogden

Editor-in-Chief for CU Times.

More from this author

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.