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MDDCCUA The Road to Credit Union Excellence 6.14

Date post: 06-May-2015
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Keynote for MDDCCUA annual meeting in Ocean City 6.05.14
27
The Road to Credit Union Excellence
Transcript
Page 1: MDDCCUA The Road to Credit Union Excellence 6.14

The Road to Credit Union Excellence

Page 2: MDDCCUA The Road to Credit Union Excellence 6.14
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For those who are prepared…For those who are prepared…

…chaos brings opportunity

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• The willingness… even enthusiasm… to change

EVERYTHING combined with the wisdom to understand what

must NEVER be changed.

Page 9: MDDCCUA The Road to Credit Union Excellence 6.14

The Key To Success in the New Normal…

•Nimbleocity•Nim-bo-licous

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The Pattern of Business Success

Page 13: MDDCCUA The Road to Credit Union Excellence 6.14

(T + C + EMF) x DE = Success

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Talent

Talent + Culture

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The level of highly satisfied and engaged EMPLOYEES in your Credit Union.

The number one factor in increasing the level of highly satisfied and engaged Members in your Credit Union is…

Page 16: MDDCCUA The Road to Credit Union Excellence 6.14

1,300,000 interviews: Basic 4 + 1

Goal Setting

TrustAccountability

Communications

RECOGNITION

1- 10

Orange Revolution and All In – Gostick and Elton

Page 17: MDDCCUA The Road to Credit Union Excellence 6.14

10 Elements of a Winning Culture

1. People enjoy the work they do and the people they work with.2. People take pride in the work they do and the company they work for. 3. There are high levels of engagement, connection, camaraderie and a community of caring.4. There is a culture of fairness, respect, trust, inclusiveness and teamwork.5. The leaders walk the talk, live the values and communicate a clear vision and strategy for growth.6. Lots of open, honest, robust and transparent communication across the entire organization.7. The company invests back in employees; there is a commitment to learning, coaching and development.8. There is a bias for action, employees have an ownership mentality and always strive to give their personal best.9. There is high accountability and a strong focus on delivering the desired results.10. There is ample recognition and rewards and mediocrity is not tolerated.

Page 18: MDDCCUA The Road to Credit Union Excellence 6.14

Accountability 1. 100% Clarity + Authority

2. 100% Agreement

3. Track & Post

4. Coach, mentor, train

5. Reward / Punishment

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Extreme Member Focus

Page 20: MDDCCUA The Road to Credit Union Excellence 6.14

Web of Value: VOM + MOT + WOM

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Extreme Member Focus

VOM

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Moments Of Truth

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WOM = Your BEST form of advertising!

78.9%23.4%

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43% - 74% of purchasing decision = WOM/T

Page 25: MDDCCUA The Road to Credit Union Excellence 6.14

You MUST have a WOM Referral System

Know Like Trust Try Buy RepeatIdentify

Ideal Member

ReferIdeal

Member

From John Jantsch: The Referral Engine

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K

N

L

SOT DWYSYWD FWYS S P/T GALMTTE

The keys to building powerful WOM

Page 27: MDDCCUA The Road to Credit Union Excellence 6.14

THANK YOU

If you have any questions at all please do not hesitate to send a note or call. My email address is: [email protected]

PLEASE connect with me on LinkedInAlso, you might find value in the ideas I share in my blog. You can sign up for it at:

www.blog.johnspence.com

Lastly, these slides have already been uploaded to:

www.SlideShare.net/johnspencewww.slideshare.net/johnspence


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