INDIANA CREDIT UNION LEAGUE BEST PRACTICES AWARDS
Credit unions in Indiana are taking on a number of projects and initiatives that benefit their members, and that are worthy of recognition. To showcase these efforts, while allowing other credit unions to learn more about them, and possibly adapt them for their own use, the League has developed the Best Practices Awards.
The top entries will be featured at the Chairman’s Awards Banquet during the League Convention.
The Best Practice Awards are aimed at recognizing achievements across the entire credit union enterprise. There are four categories:
· Finance and Human Resources/Training
· Marketing/Business Development
· Operations and Technology
Entries are encouraged from all of these areas. We hope credit unions will share their successes regarding member service, loan promotions, expense reductions, deployment of staff, facilities, branch strategies, training, board programs, etc. In short, if your credit union has done something you believe deserves recognition and which other CUs could learn from, please enter it so that others will know about it!
There are three asset sizes:
· Less than $100 million
· $100-$500 million and
· $500 million+
Initiatives that have been deployed since May 1, 2015, are eligible.
Describe your results (financial, account growth, time savings, etc.) and how this best practice was of benefit to your credit union’s members or employees.
Note: Benefit to the community at large is NOT a criterion of this awards program. If your credit union has done a noteworthy community service project, consider entering it in the Dora Maxwell Awards program.
In addition to recognizing the top best practices from each category during the League Convention, we will feature all entries on the League website for others to learn from.
Entries should consist of a video (maximum length: 90 seconds) or slide deck that can be presented in 90 seconds or less—suitable for sharing at the League Convention—that showcases your credit union’s best practice along with 400 words or fewer describing the strategy, execution, results and flexibility of the best practice.
About the presentation at Convention:
The top projects will be showcased at the Chairman’s Awards Banquet. Videos will be shown as presented. For those winning credit unions that submit slide presentations, the League will work with the credit union to record audio for them.
Judging will be done by the League’s Awards Committee. Best practices entries will be judged and scored on the following criteria:
Strategy: 20 points. Is there an identifiable, worthwhile strategy behind this practice? What problem or issue does this best practice address at the credit union?
Execution: 20 points. How effective was the execution of the strategy? Did it support the strategy?
Results: 20 points. What results were achieved? How do these results compare to expectations? Are the results appropriate for the size and scope of the project? Include as many tangible measures as appropriate, including ROI.
Flexibility: 20 points. How flexible is this initiative for use at other credit unions? Could another credit union in Indiana or elsewhere adapt this initiative to its operations?
Presentation: 20 points. Is the video or slide deck provided professional, appropriate in length, easy to understand and a good representation of the project overall?
2014 Best Practices
Click on the project title below to view the video submission.
FINANCE/HUMAN RESOURCES/TRAINING CATEGORY:
Financial Health FCU
MARKETING/BUSINESS DEVELOPMENT CATEGORY:
Financial Center FCU
OPERATIONS AND TECHNOLOGY CATEGORY:
Three Rivers FCU