What is the biggest risk?
Written by Anthony Demangone, Powered by NAFCU
Hello from Denver, Colorado. I'm at NAFCU's Risk Management Seminar, and I had to share this nugget.
A panel of risk experts was asked this question: What is the biggest risk you see looming for credit unions.
One of the panelists turned the question around and asked the audience this question.
What is the biggest risk facing your credit union?
- Compliance risk?
- Interest rate risk?
- Liquidity risk?
- Credit risk?
- An inability to hire the right people for the right positions?
More than 90 percent of the room picked #5.
That got us thinking. What about you?
About the Author
Anthony Demangone, Executive Vice President and COO, NAFCU
Anthony Demangone, NCCO is Executive Vice President and Chief Operating Officer at NAFCU, where he oversees day-to-day operations and manages the association's education, marketing, membership, human resources, building facilities, finance and information technology functions. He also authors NAFCU's executive blog, Musings from the CU Suite and co-authored "Managing and Leading Well," a book for credit union leaders, with NAFCU President and CEO Dan Berger.