--- title: Plansmith Blog | credit union planning (3) description: credit union planning | (3) --- [CALL TOLL-FREE 1-800-323-3281](https://www.plansmith.reachproductions.net/project/call-toll-free-1-800-323-3281/) [![Plansmith](https://blog.plansmith.com/hs-fs/hubfs/Plansmith-Logo.png?width=764&height=135&name=Plansmith-Logo.png "Plansmith")](https://www4.plansmith.com) - Solutions - [Budgeting](https://www4.plansmith.com/budgeting/) - [ALM](https://www4.plansmith.com/alm) - [ALM Advisory Services](https://www4.plansmith.com/alm/advisory-services/) - [CECL](https://www4.plansmith.com/cecl/) - [Strategy](https://www4.plansmith.com/strategy/) - [Market Intelligence](https://www4.plansmith.com/market-intelligence/) - Products - [StrategyGPS](https://www4.plansmith.com/strategygps/) - [Compass](https://www4.plansmith.com/compass/) - [BankersGPS](https://www4.plansmith.com/bankersgps/) - Resources - [Blog](https://blog.plansmith.com/) - [Videos](https://plansmith.wistia.com/projects/7qemazkqii) - [Compass Tutorials](https://info.plansmith.com/compass-tutorials) - [Lunch N’ Learn](https://info.plansmith.com/lunch-n-learns) - [Webinars](https://www4.plansmith.com/webinars/) - [About](https://www4.plansmith.com/about/) - [Schedule A Discovery Call](https://www4.plansmith.com/contact-us/) - [CALL TOLL-FREE 1-800-323-3281](tel:8003233281) # Plansmith Blog ## [Wayne Gretzky, the Barber Shop, and Your Contingency Funding Plan… What They Have In Common, and What You Should Be Doing NOW - Part I](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) Posted by [Dave Wicklund](https://blog.plansmith.com/author/dave-wicklund) on 3/24/20, 9:40 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/team-4529717_1920.jpg)](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) In perhaps the most overused sports quote of all time, hockey legend Wayne Gretzky said, “I skate to where the puck is going to be, not where it has been.” That piece of advice is usually used to inspire people to look ahead to emerging markets and business opportunities. Right now, however, I think that quote can serve as a guide for us to examine where this is all going, and how we should be planning for what’s coming next. We know where the puck has been; rates have dropped to historic lows, the stock market has plummeted, most of you have closed your lobbies to commercial traffic, and you’ve probably taken numerous other steps to try to limit the impact that this pandemic will have on you and your bank or credit union. [Read More](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) ## [Planning In Crisis Conditions](https://blog.plansmith.com/planning-in-crisis-conditions) Posted by [Sue West](https://blog.plansmith.com/author/sue-west) on 3/23/20, 8:42 AM - [Tweet](https://twitter.com/share) [![planning](https://blog.plansmith.com/hubfs/business-2846221_1920.jpg)](https://blog.plansmith.com/planning-in-crisis-conditions) The world is turned upside down and inside out as we confront the unexpected challenge of a pandemic. None of us has been here before and confusion is rampant. Yet, as business leaders expected to carry on for the survival of our companies, the World War II expression, *Keep Calm and Carry On*, seems applicable today. At Plansmith, we communicate with hundreds of financial institutions like yours across the country who are affected by this crisis. We understand that you face even greater challenges ahead as you try to adapt. We know you have to assess the financial impact of lost wages, increased unemployment, low interest rates and a fragile economy and we ask ourselves, “How can we help?” [Read More](https://blog.plansmith.com/planning-in-crisis-conditions) ## [How Will Rate Changes Impact Your Budget?](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 3/11/20, 9:48 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/stock-1863880_1920.jpg)](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Everyone probably has their budgets in place for 2020 by now. And now comes along the Coronavirus and messes everything up. The Fed has already lowered rates by half a point. So, now you’re scrambling to figure out how this will impact your 2020 plans? Seems like you have a few choices: [Read More](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) ## [Communicate Your Numbers Like a PRO!](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) Posted by [Jennifer Mello](https://blog.plansmith.com/author/jennifer-mello) on 3/4/20, 11:16 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/Picture1.png)](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) I know my numbers, but how do I communicate them to others within my organization? It’s a valid question that Plansmith fields regularly from our clients. We’ve got some answers for you. Everyone relates to numbers, no matter who you're talking to, but not everyone reads them in the same way. So, how do you make the most out of your conversations with everyone who needs to relate to the same numbers? [Read More](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) ## [Stop Budgeting and Start Planning](https://blog.plansmith.com/stop-budgeting-and-start-planning) Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 1/17/20, 9:16 AM - [Tweet](https://twitter.com/share) [![budgeting and planning](https://blog.plansmith.com/hubfs/accounting-761599_1920.jpg)](https://blog.plansmith.com/stop-budgeting-and-start-planning) Most of us have been building annual budgets forever. First on paper spreadsheets, then with electronic spreadsheet like Excel, and now with software budgeting tools that amount to little more than more convenient spreadsheets. But a budget is typically all numeric built with trending and last year’s information. Usually the CEO provides a growth and earnings expectation and we build the budget to make the math work. If you have a system that can also provide rate risk analysis and draw detailed data from your core system, you really have a great system. So, what’s the problem? [Read More](https://blog.plansmith.com/stop-budgeting-and-start-planning) ## [Turn Your Budget into Action](https://blog.plansmith.com/turn-your-budget-into-action) Posted by [Bill Smith](https://blog.plansmith.com/author/bill-smith) on 1/9/20, 11:05 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/youtuber-2838945_1920.jpg)](https://blog.plansmith.com/turn-your-budget-into-action) A budget without a Playbook is just numbers on a page. You know what your targets are but you also need to define how you will get there.  A Playbook defines the actions needed for success, and the people who will manage the process. But many managers say they just don’t have the time or resources. Plansmith’s *Playbook* is a simple online platform to help you create clearly defined initiatives, track progress, and reach your targets by creating an action plan for your budget. [Read More](https://blog.plansmith.com/turn-your-budget-into-action) ## [Plansmith: Budgeting, Asset Liability Management, CECL & Strategy](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 12/12/19, 11:33 AM - [Tweet](https://twitter.com/share) [![paper-3309829\_1920](https://blog.plansmith.com/hubfs/paper-3309829_1920.jpg)](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) For almost 50 years, Plansmith has helped financial institutions remove the stress from budgeting and interest rate risk. As customer preferences and regulatory challenges progress, we create new solutions to complement our core in-house budgeting and IRR solutions. Are you familiar with all of the ways Plansmith helps financial institutions like yours? [Read More](https://blog.plansmith.com/plansmith-budgeting-asset-liability-management-cecl-strategy) ## [Compass 2-Day Event: What to Expect if You Attend!](https://blog.plansmith.com/compass-2-day-event-details) Posted by [Jennifer Mello](https://blog.plansmith.com/author/jennifer-mello) on 12/2/19, 8:43 AM - [Tweet](https://twitter.com/share) [![achievement-3658088\_1920](https://blog.plansmith.com/hubfs/achievement-3658088_1920.jpg)](https://blog.plansmith.com/compass-2-day-event-details) Technology is a beautiful thing. It allows people to seamlessly engage in business interactions from thousands of miles away. It helps strangers grow real, meaningful relationships. It bolsters professionalism and deepens client/company relations. However, we find it can leave you feeling like something’s missing. [Read More](https://blog.plansmith.com/compass-2-day-event-details) ## [The Real Reasons to Outsource Your IRR](https://blog.plansmith.com/real-reasons-to-outsource-your-irr) Posted by [Dave Wicklund](https://blog.plansmith.com/author/dave-wicklund) on 10/15/19, 11:01 AM - [Tweet](https://twitter.com/share) [![IRRVideo](https://blog.plansmith.com/hubfs/IRRVideo.png)](https://blog.plansmith.com/real-reasons-to-outsource-your-irr) As you grow, your organization has more and more things to manage. - Strategically, you’re working to find the right markets to penetrate with the ideal products and services. - Financially, you’re making sure your earnings are meeting or exceeding targets. - And organizationally, you’re looking for the right talent to expand and grow. One thing you can’t ignore is the role Interest Rate Risk plays in the banking industry today. [Read More](https://blog.plansmith.com/real-reasons-to-outsource-your-irr) ## [One Less Thing to Worry About](https://blog.plansmith.com/one-less-thing-to-worry-about) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 10/9/19, 4:59 PM - [Tweet](https://twitter.com/share) [![money-2724235\_1920](https://blog.plansmith.com/hubfs/money-2724235_1920.jpg)](https://blog.plansmith.com/one-less-thing-to-worry-about) After almost 50 years in the biz, we've learned a thing or two about banking. And since most of our employees have spent time in the industry, we know the heavy hitters that keep bankers up at night. That's why we designed our business around one specific goal: giving our clients one less thing to worry about. [Read More](https://blog.plansmith.com/one-less-thing-to-worry-about) [Previous](https://blog.plansmith.com/topic/credit-union-planning/page/2) [All posts](https://blog.plansmith.com/all) [Next](https://blog.plansmith.com/topic/credit-union-planning/page/4) ### Subscribe Now! ### Posts by Tag - [community bank planning (55)](https://blog.plansmith.com/topic/community-bank-planning) - [community bank strategy (52)](https://blog.plansmith.com/topic/community-bank-strategy) - [community bank (49)](https://blog.plansmith.com/topic/community-bank) - [credit union planning (47)](https://blog.plansmith.com/topic/credit-union-planning) - [community bank budget software (45)](https://blog.plansmith.com/topic/community-bank-budget-software) - [budgeting (42)](https://blog.plansmith.com/topic/budgeting) - [community bank budgeting (42)](https://blog.plansmith.com/topic/community-bank-budgeting) - [interest rate risk (35)](https://blog.plansmith.com/topic/interest-rate-risk) - [community bank interest rate risk (33)](https://blog.plansmith.com/topic/community-bank-interest-rate-risk) - 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