Student Project

Students develop a three-year strategic business plan for their own credit unions. This project is divided into sections for completion over a two-year period. The sections include (but are not limited to):

• Mission Statement
• Executive Summary
• History of the Credit Union
• Bonus Opportunities

Vision Statement

Core Values, Code of Ethics, Governance, etc.

Project Differentiation

• Strengths, Challenges, Opportunities, Threats (SCOT List formerly referred to as SWOP or SWOT)
• External/Environmental Analysis
• Strategic Initiatives (SIs – formerly referred to as Key Result Areas) - minimum of 5 - one of which must be Financial Management. Includes an outline of the SIs. For each SI, students must have a minimum of:

o        A Brief Internal Analysis

o        One Three-Year Objective (make sure this is measurable)

o        Two Strategies per Objective

o       One Tactical Action Plan per Strategy

o        A Cost-Benefit Analysis with Each Action Plan

• Oral Presentation
• Project Honors
  • Each year one Award of Excellence is presented to the years top project.
  • Additionally, each year a number of Honor Graduates are also recognized for project excellence.