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From one leader to the next: Election year learnings for successful succession planning

Oct 23, 2024 | cuinsight.com | Catie McDonald |FarWell Advisors

I don’t have to tell you that it’s election season. Commercials, signs—they are everywhere. If you’re tired of thinking about your candidate, then let me give you something else to ponder as your swamped with ads—what you are witnessing is succession planning on the most public stage and with incredibly high stakes. As we witness this succession plan in action, what lessons can we learn and apply in our credit union? First, our institutions were there before us and should be there after us.
Strategic planning season is upon us—are you ready? - CUInsight

Jul 22, 2024 | cuinsight.com | Catie McDonald |FarWell Advisors

Last month I had the opportunity to work with three credit unions, in three sessions, over three days in North Dakota. It’s a new model that FarWell created to bring strategic planning to credit unions of all sizes. It was an intense few days, but it was an amazing reminder of how important these strategic discussions are. Having frequent strategic dialogue with your board and engaging in good strategic planning is a key indicator of credit union health.
Catie McDonald: Simplifying Strategy

Apr 11, 2024 | dakcu.org | Catie McDonald |FarWell Advisors

Catie McDonald is a strategic partner and leader with a deep passion for the credit union movement. Throughout her career, she has worked closely with CEO’s, executive leadership teams, and various boards to clarify strategy and gain alignment with stakeholders to produce results. DakCU is thrilled to have Catie as one of our featured presenters at this year’s Summit.
Paradoxical commandments of leadership

Mar 25, 2024 | cuinsight.com | Anthony Hernandez |Tanya Van Court |Catie McDonald |FarWell Advisors

I recently spent some time with this year’s GAC crashers during DCUC’s annual crasher luncheon. I am always impressed with the diversity and talent each class brings from across the United States. What I love most about the Crasher program is it is a wonderful blend of cultures, experiences, and ambitions … exactly what the future of our industry requires.
Bridging the financial literacy gap: The crucial role of bank-fintech partnerships in wealth transfer readiness

Mar 25, 2024 | cuinsight.com | Tanya Van Court |Catie McDonald |FarWell Advisors |Kristen Jason

In the face of an imminent and historic wealth transfer from Baby Boomers to their descendants, the importance of equipping banking members with robust financial education has never been more pronounced. This transition represents a critical opportunity for individuals and families to not only preserve the wealth they inherit but also to lay the foundations for generational wealth in the future.
Simplifying strategy: Bringing sexy back to the workplace

Mar 25, 2024 | cuinsight.com | Catie McDonald |Lauren Culp |FarWell Advisors |Kristen Jason

A thousand (or less) years ago, when I started my first real job, I learned very quickly that “strategy is sexy.” How we’ve come to use the word implies that you’re smarter than the average bear, you’re on the executive track, you’re part of the illuminati and probably privileged to close-door conversations in smoke filled rooms. People want strategy as part of their job description and, far too often, I’ve seen co-workers feel slighted when told that they “only” do execution.
Nick Saban: Strategy G.O.A.T.

Jan 26, 2024 | cuinsight.com | Catie McDonald |Mark Leher |Dan Price |FarWell Advisors

This was not what I was planning on writing. I had a whole different article sketched out, but then the unthinkable happened. On January 10, 2024, Nick Saban* retired as the football coach of the University of Alabama. Two things are relevant to the rest of this article. One, I’m a graduate of the University of Alabama and because my family raised me right, a huge Alabama football fan.
Is your data telling you to make more bad loans?

Oct 30, 2023 | cuinsight.com | Kerala Taylor |Catie McDonald |FarWell Advisors

Like every credit union marketer, you’re likely on the hunt for better ways to use your data. You’re sitting on a metaphorical mountain of it, and there’s plenty of evidence to suggest the benefits of using it well. But if you’re facing the same challenges as respondents to CSI’s 2022 Banking Priorities Survey, you might doubt your ability to collect data effectively and use it strategically. Perhaps your credit union has the data you need, but it’s siloed across teams and difficult to access.
You may know the 4Ps of marketing, but do you know the 4Ps of planning?

Jul 25, 2023 | cuinsight.com | Catie McDonald |FarWell Advisors

Summer is many things. School break. Vacation time. Pool season. And for many of us – the beginning of our annual business and financial planning process. Okay, maybe planning doesn’t have the same ring to it, but with rethinking our old ways, we can put a bit of pep (and new perspective!) back in the process. We’ve all heard of the 4Ps of Marketing (Product, Price, Promotion, and Place), but have you heard of the 4Ps of Planning? Check it out:Participation.