I am delighted and honoured on behalf of Ballaghaderreen & District Credit Union Limited to present our updated Strategic Plan for 2017- 2018. The Credit Union has travelled a long way since its inception in December 1983, in that period of 34 years we have played an influential role for families and men and women of all ages in the community.
In order to accommodate continued growth and to ensure that we do not stand still, it was vital that we conducted a full and comprehensive review to put structures in place to ensure that we continue to thrive. We acknowledge all those who played such an important role to get us to where we are and now we must look forward and be ambitious.
This plan has been compiled following consultations with our staff, board members, and volunteers. We have taken recommendations on board to build this strategic plan to help us reach our potential over the next two years.
Our challenges are very different now than what they were almost four decades ago due to the rapid change in the economy. We need to continue to support and guide our members through the challenges they face. One of the greatest challenges we face will be to maintain the friendly and hassle free philosophy in the face of an ever-increasing regulatory framework. Therefore, we need to ensure the Credit Union can cater for these challenges by implementing a framework that will enhance our offering to our members.
This plan focuses on six key areas, Structures and Administration, Member Services and Support, Financial Performance, Board & Staff Training and Development, Communication, Marketing & Education and finally Planning & Development/ New Model Development theme that will allow us to develop a new operating model for the future of the Credit Union. Each theme outlines the key projects and timelines associated to allow us to meet our objectives.
I would like to thank the committed staff, Board members, Board Oversight, committees and all the volunteers all who have been an integral part of getting the Credit Union to where it is today. It has been a pleasure to work with such a committed group and now we have this plan as a roadmap to assist us to serve our members with outstanding service into the future.
I hope that you will find this plan challenging and ambitious, yet rewarding in implementing its initiatives to enable our Credit Union reaches its potential over the next three years. Exciting and challenging times lie ahead for us.
Bill Golden Manager Ballaghaderreen and District Credit Union Limited.
To Read the full Strategic Plan please click here >>