Cutting Expenses During a Pandemic

On-Demand Webinar Available Until July 16, 2021

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“We need to reduce expenses by 10 percent across the board,” is what we are hearing a number of credit union senior management teams say. 

The objective of containing or even reducing operating expenses can be appropriate in light of tremendous uncertainty.  However, the end result must be a stronger, more competitive organization with a compelling value proposition. 

It is very likely that traditional approaches to quality member acquisition, cross-selling, and delivery of financial services has forever changed.  Hunkering down and cutting expenses without the desired strategic outcomes top of mind is a huge mistake that is entirely avoidable. 

This webinar offers a process that participants can readily put into action, helping leadership drive dual objectives of containing expenses and remaining highly competitive in today’s whirlwind of ambiguity.

Key Takeaways

  • Review four key business model questions that are tough to answer, yet still need to be addressed
  • Understand why it is essential to reach clarity and prioritize financial measures of success
  • Discuss why the timing of pulling key financial levers is so important for senior management and the board to understand
  • Learn a proven process that uses data, and strategic financial and capital planning, to help leadership prioritize decisions, move into action, and have the flexibility to quickly adjust to continue driving strategic strength

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$295 Members | $395 Nonmembers
(Additional $50 for CD)
One registration gives your entire credit union access to the on-demand recording until July 16, 2021.
Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • Chief Executive Officers
  • Executive Vice Presidents
  • Chief Financial Officers

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Associate Director of Education, NAFCU
  • Learning Objectives: Review four key business model questions that are tough to answer, yet still need to be addressed. Understand why it is essential to reach clarity and prioritize financial measures of success. Discuss why the timing of pulling key financial levers is so important for senior management and the board to understand. Learn a proven process that uses data, and strategic financial and capital planning, to help leadership prioritize decisions, move into action, and have the flexibility to quickly adjust to continue driving strategic strength.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Business Management & Organization – Non-Technical
NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Presented By

Rob Johnson, President/Principal, C. MYERS CORPORATION
Rob Johnson

President/Principal, C. Myers Corporation

Brian McHenry, Senior Vice President/Principal, C. Myers Corporation
Brian McHenry

Senior Vice President/Principal, C. Myers Corporation