Getting down to the ERM basics

first_imgERM helps credit unions mitigate those risks to provide reasonable assurance to the board of directors and management related to achieving their strategic objectives.ERM programs help executive management make better decisions on how risk should be managed and builds confidence with your board and auditors. Having an enhanced risk identification strategy allows your credit union to implement preemptive and proactive practices. Most people in the credit union community likely have a basic understanding of Enterprise Risk Management (ERM). But why is it important to the success of your credit union? And more importantly, how do you get started?Top three things to know about Enterprise Risk Management:ERM helps credit unions develop strategies to identify the risks and opportunities impacting their strategic objectives.ERM enhances risk response decisions and reduces operational losses by identifying potential risks ahead of time. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrcenter_img continue reading »last_img

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