ipl-logo

Swot Analysis For Summit Credit Union Regarding Training

796 Words4 Pages

HRM420 Course project draft 1 Jennifer Measheaw Business Management, DeVry University HRM420 Kristen Thomure March 18, 2023 Course Project Draft 1 A SWOT Analysis for Summit Credit Union Regarding Training The SWOT analysis would identify the Strengths, Weaknesses, Opportunities, and Threats that Summit Credit Union faces regarding its training program. The analysis would highlight the areas where Summit Credit Union is strong, and improvements could be made. Strengths • Summit Credit Union has a world-class learning function that is well-versed in developing customized training programs to meet the needs of its employees. • The learning staff has a wealth of experience and knowledge that they can draw on to develop …show more content…

• The training resources to cover all the topics in a training program must be increased. This means some areas, such as loan underwriting, must be better covered. Opportunities • Summit Credit Union's learning staff has a wealth of experience and knowledge they can draw to cultivate advanced and effective training programs. • The lending guidelines, underwriting, and sales skills courses are highly rated by borrowers who crave to participate at any time. • The organization focuses more on customer service, thus making it a fantastic place to learn about lending. Threats • The economic downturn experienced in the US has caused a decline in the demand for loans, thus putting pressure on Summit Credit Union's training budget. • As the lending industry becomes more structured in the US and worldwide, it is likely to affect credit unions, which would need to invest more in compliance training (Summit Credit Union, …show more content…

• Lack of formal training in certain areas. Discussion of the two gaps and explaining how they could be filled with employee and lender training 1. Lack of formal training in areas such as loan underwriting and sales skills could be filled with employee training covering how to assess a loan application and close a loan. 2. The credit union's dependence on online learning tools makes it vulnerable to cyber-attacks and denies it an opportunity to achieve compliance training objectives. The gap can be addressed by implementing cyber security measures such as firewalls and anti-virus software. Needs Assessment What two needs assessment methods would you utilize based on your gap analysis? The two needs assessment methods that could be used in this situation are interviews and focus groups. Interviews with employees help to identify areas where formal training is needed, and focus groups can provide insights into how informal learning can be improved. Whom would you involve in your needs assessment, and

Show More
Related
467 Words | 2 Pages

According to Constance Anderson and Associates Inc., Credit Union memberships have slowed tremendously, in 2005 sixty percent of credit unions had no membership growth and the industry average was around two percent (2005). With these dismal numbers, it is critical that Credit Unions carefully consider strategic ways to increase their membership. At this time, Sb1 finds itself struggling to gain new memberships therefore they are considering becoming a community charter. Below are some of the pros and cons for Sb1 Federal Credit Union to change their charter from SEG based to Community Charter are: 1.

Read More
442 Words | 2 Pages

This commercial structure is from State Farm 's "Get to a Better State" campaign that premiered in June 2011, with an increased spending budget. As a result, State Farm’s brand awareness and favorability has gone up considerably. This campaign focuses on making humor out of unfortunate problems that are commonly faced. These commercials then make light of the situation by demonstrating how easy it is to contact an agent and correct the problem that has occurred. 5.

Read More
1649 Words | 7 Pages

Thanks to weakened regulation in the Education department it made it easier for them to target students that would have otherwise not applied for these loans. This collapse of one of America’s largest for profit

Read More
662 Words | 3 Pages

There is no room for inconsistency (Thompson, S., n.d). There need to be measurable goals for each person to hold them accountable for their achievements and also to assess where they need to improve. If training or clarification is needed, management needs to work with the employee or team to establish a need for action. This will address the training is a haphazard issue. Employees might have transferred from other departments or come from other facilities.

Read More
693 Words | 3 Pages

Due to the fact that state funding for public colleges and state universities have remained below historic levels since the Great Recession of 2008, states have been forced to raise tuition and reduce academic opportunities as well as student services. The only way most college students can keep up with this continuing rise of tution in schools is to take out more student loans which is causing

Read More
969 Words | 4 Pages

Likewise the suppliers and lenders need the practical skills required to do their job well, which include good communication skills, good interactions with all internal and external individuals and to feel respected and valued. External stakeholder needs include information to promote sales and publicity and to generate sponsorship, announcing upcoming events, products and services, to support all branding of the company. Communicating in a business environment is important and always has its purpose. This could

Read More
1406 Words | 6 Pages

Introduction Initially known as I.V. Tech, Ivy Tech Community College was founded in Indiana in 1963 as Indiana Vocational College. Initial purpose of Ivy Tech was to provide technical and vocational education services to various Industries. In 2005, I.V Tech’s name was modified to Ivy Tech State College. Ivy Tech Community college system currently has 30 campuses in 14 regions and provides various educational services to 200,000 annual students.

Read More
931 Words | 4 Pages

For purposes of this paper I will be the Vice President of Learning for McCormick & Company and will be focusing upon three critical areas: training and development initiatives, metrics, and employees who are not training or learning experts. Historically training and development have played a strategic role in this organization. As such, learning has been driven by the company strategy. Per the website, McCormick & Company’s main business strategies have included growing sales, fostering innovation, managing the cost base, and planning for succession. Training and Development Initiatives

Read More
948 Words | 4 Pages

The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

Read More
525 Words | 3 Pages

A resident assistant is supposed to provide a safe, welcoming environment where residents feel free to communicate and express themselves. My biggest strength that relates to the roles of the RA position is being able to Communicate effectively. I am a Communication major, and I have learned to speak in public, and speak in a manner that is both understandable and clear. I have been told many times before that I have a great sense of humor and extremely creative. Being creative is a key strength in the role of an RA as well as a sense of humor because these are the traits that will bring a community of students, students who probably don't know each other well, together as well as conduct fun educational programs that will engage each resident.

Read More
423 Words | 2 Pages

SWOT Analysis, 1-10. Zarestky, J., & Cole, C. S. (2017). Strengths, opportunities, aspirations, and results: An emerging approach to organization development. New Horizons in Adult Education & Human Resource Development, 29(1),

Read More
1153 Words | 5 Pages

Strategic planning for retention of nursing staff using SWOT analysis. Strengths and weaknesses are often internal to organization, while opportunities and threats generally relate to external factors. For this reason, SWOT is sometimes called Internal-External Analysis and the SWOT Matrix is sometimes called an IE Matrix. The first step in SWOT is strength of the organization for retention of nursing staff. To develop a retention strategy is identifying the factors that motivate nurses to stay.

Read More
1107 Words | 5 Pages

What kinds of recommendations would you propose to the Training Director to ensure that the errors you identified are eliminated? Training need assessment Alvin should start with conducting the organisation analysis, task analysis and the person analysis. He should find out what are the croupiers’ strengths and weaknesses, the right training content that benefits the company’s goals and objectives and if the croupiers have the skills to perform the tasks. He, first, needs to take in the company’s strategic direction into consideration and he must get the support from the managers, peers, and employees and the training resources.

Read More
1415 Words | 6 Pages

6.0 Marketing Strategies There are different marketing strategies which can be applied for each component depending on organizational objectives or goals. Skillshare need to accomplish the precise equilibrium of the marketing mix to achieve its goals. Figure 1: The 4 Ps of Marketing Mix Marketing mix is an arrangement of four choices which should be taken before propelling any new product or service on the market. These variables are otherwise called the 4 P's of marketing. These four variables help the firm in settling on vital choices essential for the smooth running of any product / organization.

Read More
500 Words | 2 Pages

Strengths: As a student one of my strengths is organization. I can say I can keep my school materials and notebooks organized in a way that I and others can comprehend. The reason I can say I am organized is because, I have hardly ever had in the past or present any issues with trying to find homework or assignments because I always kept my materials for each class organized and in a place I could easily find. Another strength I have is social skills. I can believe that I communicate with others well in a group.

Read More

More about Swot Analysis For Summit Credit Union Regarding Training

Related Topics

Open Document