One Click to Borrow?

February 25, 2021

“One Click to Borrow?” by Jeff Rendel, Certified Speaking Professional

Fifty Northwest credit union CEOs gathered last year, and the topic turned to Amazon Prime. Nearly all were members and enjoyed Amazon’s “One Click to Buy” feature. Convenient, cool, and a new normal most agreed. One CEO lightheartedly asked, “Could we ever see a day with ‘One Click to Borrow?’” All in the room favorably nodded.

Retail is retail. Consumers/members have expectations of their experiences in retail, regardless of product. What they receive through digital engagement, real-time status, and anytime access outside the credit union is exactly what they expect when engaging with the credit union. Review this list of consumer expectations of retail experiences and consider added ways that your credit union can enhance its commitment to members.

Simple. Apple refined the ease of navigating a computer in your hands and now members primarily engage with credit unions from their handheld devices. How many transactions can a member complete digitally? How many steps are necessary to conduct business? Could a member go “branch-free” and still deepen a relationship with your credit union?

Personal. For all the mobile-first and do-it-yourself habits of members, sometimes a face-to-face conversation is necessary. How advanced are your front-line leaders in their communications and consulting skills? If a member completed “Steps A through C” on her own, could your front-line leaders pick up at “Step D?” How skilled are your front-line leaders in empathy and interacting with diverse members?

Intuitive. “Readers like you also enjoyed…” is alongside every book we download. It’s a smart cross-sell because it’s linked to a single buyer’s potential interests. Do your member service systems have “Next Best or Likely Product” for recommendation? How tightly targeted are your marketing initiatives through your MCIF system? Have you shifted significant resources toward digital marketing?

Immediate. “Chat Now” features allow consumers to engage, with live professionals, on their terms and time. How many channels are available for members to engage with your credit union? Have you considered extended or weekend hours? How quickly can your credit union convert a “look-to-book” loan opportunity?  

Social. “Like, Follow, and Share” allow members to do more than see what your credit union is accomplishing; connecting through social media also allows members to be your brand ambassadors, influencers, and quality control analysts. How wide, active, and consistent is your credit union on social media? Can your members engage with you through social platforms? Are you open to receiving, and potentially acting on, social feedback from members?

The next time you find yourself wondering, “What’s next in member service or expectations?”, look no further than your own consumer habits. Every time you check, research, join, and buy; ask, “What about this experience might be helpful for members? What consumer liking is a part of this experience, and how might our members expect and enjoy the same?” Odds are good that what you believe and appreciate as a consumer mirror the same as your members.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

How a Board Can Help Its CEO During a Time of Crisis

December 31, 2020

“How a Board Can Help Its CEO During a Time of Crisis” by Jeff Rendel, Certified Speaking Professional

The crisis management team is in place. Communications and media plans are in motion. State and local government recommendations and orders are being monitored and implemented. The Business Continuity Plan is providing structure and guidance. The Board has convened and met with the CEO several times and, most likely, via video conference. Logistics are in order for running the credit union and adapting to what changes the next day may bring. The Board can be confident that a system is in place to serve members in a safe, sound, and secure manner.

Now, a Board can turn its attention to helping its CEO be the executive it needs to lead the credit union through this crisis and emerge ready to serve members in different phases of life and business. Below are questions a Board should regularly ask its CEO to determine how it can make sure the CEO is prepared, well-informed, and confident in making the best decisions for the credit union.

How is your health and state of mind? Odds are good that the CEO and executive team have not had a day off in weeks. While a normal working schedule is rarely part of a CEO’s day, crises can be wearing. One CEO, working from home (and often from the motor home) asks this same question of every colleague. This CEO needs his colleagues at their best; and, your Board needs its CEO at her or his best. Remind your CEO of the importance of mental and physical well-being. 

How is staff morale? Empty branches, skeleton crews, remote working arrangements, uneasy members, and concerns about employment are just a handful of the drastic changes staff members face each day. Frequent updates are necessary in this environment. Managers should be checking in with staff throughout the day. Staff should be comfortable asking questions about the future, even if the answers aren’t known yet. Communication is vital to morale; morale is essential to service.

How are members reacting? News of layoffs, furloughs, business closings, and economic contraction will affect members and their finances. What shifts are occurring in deposit flows? What slowdowns are taking place with loan payments? What assistance programs can we offer or develop? What changes might we see in delinquencies and charge-offs? How does marketing and business development fit in this environment? Can we still add to the business as we manage in a recession?

How is the credit union financially? Your capital position gives you a picture of how the credit union can weather limited growth and earnings. Scenario planning allows your Board to view “What If?” projections and better understand decisions that may be necessary. Run multiple situations with significant changes in growth, interest margins, delinquencies, and losses. Observe the effect on earnings and capital. Preparation and awareness are key for, potentially, significant decisions.

How can the Board help? Here is where your Board can offer the CEO the greatest assistance. Your CEO may look to the Board for specific expertise, stakeholder communications, or support with priorities and focus. Your CEO will present a revised budget and will need your patience and backing. Your overall strategy may not change, but its execution will be placed on pause. Be open to what your CEO needs to ensure the viability and continuance of the credit union.

This is a demanding time for credit unions and their leadership. Business results, forecasts, and models have shifted overnight. Your credit union’s CEO is just as determined to lead the enterprise through this test as your Board is to see that members are served, and the credit union endures. As a Board, with one voice, complement your CEO’s leadership through your dependable attention, confidence, and commitment.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

Great Leaders Ask Great Questions

December 9, 2020

“Great Leaders Ask Great Questions” by Jeff Rendel, Certified Speaking Professional

As leaders – supervisory, managerial, and executive – we are tasked with delivering results. The outcomes we are responsible for depend upon the solutions we help others create. As quickly as operations change and strategy can pause or pivot, leaders need to communicate in more frequent, well-defined ways. Consider these questions to generate better discussions with your direct reports and obtain a clearer understanding of where you can help them deliver on their goals.

  1. Is the credit union headed in the right direction? As leaders, we often discuss our view of the credit union’s future. But does this fit with what our line managers see and address every day? It is possible that superb strategic refinements are, literally, just outside your office door.
  2. Where do, or should, you fit along our strategic path? Here is your chance to learn how a job, team, or department contributes to a larger objective. It is also an opportunity to listen for new ideas about how others might provide more toward growth and successful operations.
  3. What is working? Often, in our quest to improve, we overlook the need to recognize. It is important to ask others where they are creating and observing success. They can reveal recent accomplishments and you may learn more about how operations are flourishing every day.
  4. What might work better? Forget about what did not work. That is the past and is likely corrected. Rehashing rarely moves business forward. Ask for ideas and proposals. Move forward with the good suggestions. Act on others’ concepts and they will take ownership.
  5. How can I help? An up-and-coming executive recently shared that his most important goal was to use his position, influence, and resources to make his team better. “The commitment to now and the future increases the more they win.” Challenge yourself with this outlook.
  6. How can I be better for you? This question might not receive much response at first but keep asking. Professional feedback for improvement goes both ways. As those you lead realize your sincerity and ensuing actions, they will continue to help you grow just as you help them.

Read through most job descriptions for leadership positions and you will find plenty of bullet points that focus on how a potential leader should deliver answers. While leadership does involve results, it takes significant questions to determine the best conclusions. As you seek to improve your capacity to lead, equally enhance your power to learn by asking great questions of your team.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

The Case for an Agile Leadership Team

November 29, 2020

“The Case for an Agile Leadership Team” by Jeff Rendel, Certified Speaking Professional

“It’s been nearly three months. We have proven we can alter our delivery systems and ability to produce on a tight, demanding schedule in an externally influenced, adverse environment. We need that same dexterity from our own internal, positive force. It is time to discuss and plan for growth, whatever form it takes. We have the capital. We have the brand. We have the talent. We don’t have the time to waste.”

Those words – shared by a credit union CEO and sent to her leadership team – have been echoed by many credit union leaders in recent weeks. Perhaps, it is time to heed the words of that CEO and similar sentiments of others and begin discussing the case for growth through an agile leadership team. The lessons learned from being quick to act are just as valuable for new products, processes, markets, and models. Review these agile leadership essentials and incorporate them into the dynamics of your leadership team.

  • Ask “How Can We?” — a lot This fast-forward approach is based on creating a solution or acting on an opportunity. It puts your team in a state of mind designed to generate ideas, unravel challenges, and deliver results. It creates a culture of action and momentum, always moving forward.
  • Attack one opportunity at a time. The normal business of banking must be balanced with the need to innovate. As you prioritize, insist that your team focus and finish as it embarks on new projects. One completed venture outdoes many piecemeal undertakings.
  • Bring diverse experts together for planning and execution. Your credit union serves members many departments at a time; various roles are part of members’ experiences. Creating new solutions for members should involve a range of professionals; a multidisciplinary approach is essential. All perspectives should be understood to sharpen the initiative through its development.
  • Set 30-, 60-, and 90-day sprints for implementation. Self-imposed deadlines create urgency and energy. They create entrepreneurial actions to get original ideas and remedies to market and members right away. Observe incremental project milestones along the way, too. Small celebrations consistently reenergize and add to a team’s level of commitment. 
  • Learn, remain flexible, and adapt. Odds are good that the initial ideas toward cracking a challenge will not be the final product. But the refinements to concepts along the way will produce a result that matters most. Objectives are constantly steady; approaches change to reflect the most valuable and practical ways to reach a target or destination.

“Necessity is the mother of invention,” reads the adage of folklore. The benefits of an agile leadership team are plentiful: faster delivery of solutions and services; improved responses to countless kinds of demands; and enhanced financial and operating results. One might argue that agility is an indispensable advantage in a competitive landscape, too. More important, agility provides the opportunity to release the capacity of your leadership team in an industry, environment, and economy that can change in a moment.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

Would You Hire this MSR?

October 8, 2020

I first noticed it last summer. After making a change to flight plans through the airline’s contact center, I remained on the line for a “short, one question survey.” The Net Promoter Score question was coming; I was ready to answer with an incredibly positive rating. Instead, the automated evaluator asked:

“Would you hire the last customer service representative you spoke with if you owned a customer service company?”

I heard it again yesterday (same scenario) and have many times since last summer. Is this question, possibly, a more telling gauge of member service; and, could it help in the ongoing design and effectiveness of your credit union’s member service training program? Consider these tips to help your front-line leaders provide the kind of service that any business would want for its service team.

  • Greet your member with enthusiasm. Your member called, stopped by, texted, emailed, or started a chat for a reason: he needs your assistance. Thank the member for connecting; value the relationship (he chose your credit union, after all); and, consider him the Most Valuable Member (MVM). His business is important to him; mirror the same significance.
  • Reference something personal about the member. You may know the member individually, but you certainly know a lot from her on-screen information. Reference her membership tenure, birthday (that day, just passed, coming up), status in your loyalty program (small or large), etc. Let her know how much you value her business.
  • Take care of the member’s request. Ask questions, actively listen, make recommendations, be efficient, and impress your member with your commitment to the moment. The MVM is at your station or on the line; through your actions, carry out what your member needs. You are the CEO of the moment, an extension of your credit union’s brand and image.
  • Look for an opportunity to deepen the relationship. This takes some touch, feel, and timing. Not every moment is appropriate for business development; however, you may learn of needs in your active listening. When the moment is right and your recommendation is beneficial, extend a professional suggestion. When the moment is amiss, you can still deepen a relationship with observant service.
  • Ask if more assistance is needed and thank, thank, thank. Once you settle the original request, check for any more required assistance. If more is desired, repeat the above. If not: thank your member with enthusiasm, make your farewell individual, and give your member a reason to return. Even more, ensure he or she would consider you the kind of person they would hire.

The most customer-centric companies in the world recognize that service is the principal driver of customer growth, retention, and lifetime value. Their business models are built around customers’ success; and, their customer performance indices validate their standing. To create the most loyal sets of members, utilize these concepts to refine your credit union’s service model and create a service team that should be hired away (but guard this team as a strategic asset). When your members succeed first, your credit union succeeds always.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

Sales, Service, or Success?

June 15, 2020

“Sales, Service, or Success?” by Jeff Rendel, Certified Speaking Professional

“We need to establish a sales culture…We don’t sell, we educate…Our outstanding service will lead to sales.” All are common phrases expressed through credit unions describing the retail delivery of products and services. All are correct, in their own manner. All can be questioned, in their own perspective, too. As credit unions connect the gap between service and sales, one aspect remains constant and undeniable: when the member succeeds, the credit union succeeds.

Perhaps a “Success Culture” provides the necessary balance.

Focusing on success for the member, through sales and service, introduces a trading of value. For the most part, the credit union trades a set of well-priced products and, over time, the member exchanges value through increases in product use and purchases.

Success can certainly come through sales – new loans, additional deposits, insurance purchases, etc. But, too much focus on sales can create a “pushy” experience where members hear a pitch at the smallest hint of opportunity.

Success can undeniably happen through service – fast transactions, technological options, error resolution, etc. But, too much focus on service can make it easy to overlook growth prospects in the quest for an experience that doesn’t feel overly ambitious to the member.

How does a success culture balance the short-term need to serve with the long-term need to grow revenue? It begins with an outlook that ensures members are getting the most from their current set of products; continues with information introduced to illustrate how members can experience more success with the credit union; and, concludes with an attitude of action that guarantees all opportunities for success are fulfilled (i.e., moving the look-to-book ratio forward).

Front line leaders in a success culture need to see every member interaction as an opportunity to extend the long-term nature of a business relationship. This occurs with a twofold commitment: first, to serving the immediate need at hand; and second, to continuously showing members the tangible value they are receiving and how they might receive more. It’s as simple as remembering that the credit union does not succeed until the member succeeds. So, focus on member success. And maintain that each member understands that success, in the near- and long-term, is the goal.

Measuring a success culture is as balanced as its execution. Growth and performance measures might include new members, member retention, new loans, and cross-sales. Service measures such as Net Promoter Score, Member Effort Score, and post-transaction feedback provide insights into relationships where revenues will be achieved gradually over time. Incentives and rewards should be just as balanced, with perhaps 25 percent dependent upon revenue initiatives and 75 percent supported by service-focused measures.

As front line leaders earn trust, members will invite them to participate in more in-depth conversations. This gives front line leaders insights for recommending a path to value, regardless of whether that course includes added revenue right away. Looking out for the member is the focus. This kind of attention allows front line leaders to explain more about value to their members, creating a positive impression that results in the member driving more business to the credit union. The outcome is a win for the credit union, with success seen on the balance sheet and income statement.

As long as the member succeeds first.

© 2019 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

Selling to the C-Level: Sharpening the Saw When Times Feel Dull

April 14, 2020

“Sharpening the Saw When Times Feel Dull” by Jeff Rendel, Certified Speaking Professional

It’s been one month since states began declaring “shelter in place” and “stay at home” instructions for all but essential businesses. While we sell to financial institutions (essential businesses); odds are good that if your product or service doesn’t deal with IT security or office sanitation, you’re not doing much prospecting, presenting, follow up, or closing. Do not take it personally. C-Level executives have not had a day off since mid-March and are just now beginning to think a bit longer term. But, for the time being, every day brings a new test and areas of focus are extremely operational.

So, what’s a sales professional to do when a phone call or email might be overlooked or ignored? What’s a sales leader to do when your call goals for the week (and month) are not feasible, if even appropriate. Spend the month sharpening your saw – on the industry, for your institutions, and as an individual.

Sharpen your industry saw. Read, read, and read. Invest one hour each day reading, not scanning, daily industry email news feeds. Learn how institutions are adjusting and operating. Learn about best practices. Learn about the industry outside of your expertise. If your product is focused on loans, learn about deposits. If your service addresses deposits, discover more about loans. The more you prepare to position yourself as an expert in the industry, the more value you will create as a resource for future business discussions and decisions.

Sharpen your institutional saw. Take your client list and invest one hour in better understanding each client’s operations and results. Visit their websites and mobile apps. Read how operations have changed and how they continue to serve members. Read of new products. Download financial reports from their regulatory agencies but understand that quarter by quarter results will be vastly different. Get a sense of where they stand financially. This allows you to better recognize their stresses, helping you to better present opportunities when the time is more suitable.

Sharpen your individual saw. It’s tough not being able work your sales pipeline. That aspect is on pause, but only temporarily. Take this time to get better as a professional and person. Invest one hour per day building a better you. Brush up on your writing skills. Learn the latest in communications competencies. Read a book on resilience. Take a walk and crank out 20 burpees. Connect with colleagues who help you and create ways to better serve clients when the doors are reopened. Be a better version of you in preparation for getting back to business.

For those of you who have been a part of the “Selling to the C-Level” system, you recall the daily habits that set you apart from others serving financial institutions. Add these sharpening routines to your tool chest. When you focus on clients and a day in their lives, you better understand where you add value. More important, you are recognized as a partner who wants the client to succeed first. When they succeed, you succeed.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

Becoming a Digital Credit Union is a Two-Way Street

April 2, 2020

“Becoming a Digital Credit Union is a Two-Way Street” by Jeff Rendel, Certified Speaking Professional

Many credit union strategic planning sessions close with an objective or central idea that reads, somewhere along the lines of, “Expand our digital reach to members,” or “Design a credit union-wide digital experience,” or “Increase members’ digital engagement with our credit union.” Add findings from current research that displays growth in omni-digital members (all phone, tablet, and laptop) is outpacing omni-channel members (they’re digital, but stop by a branch or call from time to time), and it’s evident that digital engagement with members is a strategic inevitability.

How are credit unions adjusting their business models to meet the trends shaping their members’ expectations and credit unions’ abilities to serve members? Responses from several dozen credit unions (of all sizes) indicate that “going digital” in credit unions is a two-way street: how a credit union engages with its members and how members engage with their credit union. Let’s explore common themes and practical methods from more than 40 credit unions nationwide.

Engaging with Members

Digital marketing visibly led the way as the most effective approach to market to members. Email marketing, customer relationship management (CRM), marketing customer information files (MCIF), digital advertising, Big Data analytics, and artificial intelligence carried credit unions’ messages into the tailored and preferred space of members. Digital marketing proved more successful than conventional marketing due to its pinpoint accuracy, economic advantages, and comparative ease of execution.

Digital service brought branch deployment and design, and credit union professionals, into the digital space, as well. Interactive teller machines, video-centered interactions with offsite tellers, and lobby-based, tablet-powered service brought assistance from “behind the counter” and into relationship-focused consultations that increased members’ ease and convenience (a chief predictor of repeat and increased business). In many cases, walk-in traffic was most often served digitally: members benefitted from the simplicity and credit unions gained from the efficiencies.

Digital onboarding and feedback kept credit unions in touch with their members and aware of service dependability and variations. Digital onboarding helped engage members soon and long after account opening; and, assisted members, new and long-term, in benefitting from all features of their relationships. Digital feedback, especially immediately following transactions, was instrumental in championing successes in service and – equally important – ensuring a consistent and branded experience across all member-facing platforms.

Engaging with Your Credit Union

Digital access proved much more than checking balances and paying bills. Omni-digital members had zero interest in banking from the branch. Account opening, applying for loans, text updates, funding (even new deposit account funding), and finalizing documents via digital means was “business as usual” for credit unions’ members. While most members could tend to finances via a credit union’s app or mobile website, a human connection was needed from time to time. These credit unions met members’ needs through extended or 24/7 call center availability or secure chat features once inside the mobile or online portal.

Digital ease helped credit unions acknowledge that members may love their credit union, but they will be brutal about its app and mobile website. Single sign-on systems, remote deposit capture, P2P payments, picture pay products, card controls, and loan shopping tools (VIN scan, mobile loan approvals, comparison tools) all added ease and control to the member and her or his experience. With ease being the driver of experience, these credit unions committed to creating digital simplicity and refinement in the, often, multifaceted world of financial services.

Digital education put the strength of understanding at members’ fingertips – literally. Credit unions built their knowledge centers to focus on education, recommendations (analytics helped a lot here), and decisions (“Next Step” opportunities to keep the buying process moving). Knowledge centers were combinations of video tutorials (none longer than two minutes), “What If?” scenarios, and even games (which always ended with a message about the value of the credit union). Of most interest was the acceptance and utilization of digital education by all demographics; it wasn’t just a Millennial thing.

Research has revealed that mobile/digital members: have higher retention rates; use more products and services; generate more revenue; and, are less costly to administer. And, digital-first members are only growing in number. Consider the guidance from this national set of credit unions as you look to digitally engage with your members. It’s a two-way street that produces financial and experiential value for your members and, as a result, enterprise value for your credit union.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in leadership, sales, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.

How to Hold a Great Virtual Meeting

March 24, 2020

“How to Hold a Great Virtual Meeting” by Jeff Rendel, Certified Speaking Professional

Face-to-face, in-person meetings carry a lot of value – teamwork, networking, and catching up – but, sometimes, virtual meetings are timelier and more convenient, if not downright necessary. Like a live meeting, virtual meetings take just as much preparation – and a little more patience – to ensure success. Here are ten tips to help assure your next virtual meeting (Slack, WebEx, Zoom, etc.) is as productive as having the entire team onsite.

  • Assign a facilitator. If kept unchecked, virtual meetings can get a little out of hand (distance, buffering, over-talking, etc.). Task the facilitator with keeping the meeting on track and managing appropriate involvement (and, respect your request of the facilitator, too).
  • Work from an agenda. Send an agenda to all – well-ahead of time – and work from it. Expect that participants come prepared with comments or questions for dialogue.
  • Come prepared to contribute. This requires all to pre-read, conduct due diligence, and plan to participate. This helps create strong ideas and solutions during the meeting, rather than a lot of “Let me get back to you” remarks.
  • Use a call-in number. Voice Over Internet Protocol (VoIP) is contemporary; but, occasionally Internet audio lacks good quality. A dial-in number is dedicated to audio; but, be mindful of too many speaking at the same time (mobile call-ins tend to cut other lines off).
  • Turn the video feature “On.” It’s a fantastic way to make everyone feel that they are in the same room. Plus, being on camera compels engagement (which is what you need from any meeting).
  • Eliminate distractions. Sign off email, close your web browser, shut your door, and put the cat in another room (seriously; email me if you want to hear the story). Any distraction lessens your attention and diminishes your focus for the meeting.
  • Involve everyone. While not all will equally contribute, hearing from each is vital. As facilitator, go “around the room” several times to make sure everyone can take part.
  • Use the “Raise Hand” feature. In person facilitation is straightforward; one can manage the flow of conversation by being present. When many are part of the discussion, raise your virtual hand so the facilitator knows you have some feedback.
  • Use visuals. While it’s good to see everyone on screen, it’s equally nice to see the highlights of the conversation. Use the notetaking and screen sharing features of your video conferencing platform.
  • Keep meetings to one hour. Attention spans begin to wane, and effectiveness can dip: more reason for a good agenda. If extra time is needed, take a 30-minute break to think about solutions offered and return with a focus on results.

Virtual meeting technology allows communication between teams at a distance to be more routine. Success during these meetings asks that we respect time and to be present. Commitment to both helps organizations and professionals meet and move forward, regardless of location.

© 2020 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.



Advocacy is the Key to Sales

February 26, 2020

“Advocacy is the Key to Sales” by Jeff Rendel, Certified Speaking Professional

Six years ago, a now $16 billion bank began to acquire nearly 75 branches in the Western USA from one of the nation’s largest banks. Initially, there was a lot of deposit runoff (25 percent), which was accounted for in the purchase price. Once the transaction dust settled, nearly one-half of the acquired accounts were gone, but deposits were up 25 percent. The bank’s CEO and his team concluded that the lost accounts were zero or low balance accounts, part of a past culture that compensated bank employees on the number of accounts opened.

Recently, the bank’s CEO opined on this dynamic in The Wall Street Journal. “Our philosophy is to do what is best for the client. If they need a new account, then open it; but, if they have too many accounts, it’s OK to close them and get to the mix of services the customer desires.” Doing what’s best for the customer – or member – and what he desires as a governing principle for a business model. Sound familiar?

Sales is a fascinating phenomenon in credit unions. We want members to buy, but we don’t want to pressure the sale. We want to deepen relationships (measured by added products), but we don’t want to overwhelm members with a never-ending cross-sell. We want to pull members to a better deal, but not push so much that they leave. So, what’s a credit union to do? Advocate for the member.

Credit union leaders are always the greatest sources of practical wisdom for articles. Reach out to several dozen on any given topic and a “Top Ten” list will emerge. Except for this time. Forty-plus leaders added their thoughts, with one theme common amongst all – advocacy for members. Until the member wins, the credit union doesn’t win. Make certain the member is succeeding – with or without a sale – and the credit union will reap the benefit of a long, lasting relationship.

One CEO expressed advocacy in its clearest sense: “We want our members to earn more, save more, and experience more.” Products, services, and technology offer all three; but, not without a culture and set of systems that seek to ensure members are in the best position possible. Growth, and the sales that drive it, requires a long-term approach to relationships and their business value. Some members are ready to buy now – sell to them. Some members will buy later – keep them informed and be ready to act when their time is right. Do what’s best for the member.

Decades ago, Jim Cathcart, a fellow professional speaker, declared, “The highest level of business is an act of friendship.” Not revenue, profitability segment, or propensity to buy. Friendship. Advocacy for a member with your credit union’s success a product of that investment. As you continue to develop, expand, and refine your credit union’s sales and business development programs, consider the importance of being an advocate for your members and their opportunities to “earn more, save more, and experience more.” Odds are good the same kinds of business outcomes will benefit your credit union as a result. Your members deserve the success their credit union is able to provide.


© 2019 by Jeff Rendel.  All rights reserved.

Jeff Rendel, Certified Speaking Professional and President of Rising Above Enterprises, works with credit unions that want entrepreneurial results in sales, service, and strategy.  Each year, he addresses and facilitates for more than 100 credit unions and their business partners.

Contact:;; 951.340.3770.