Wolf’s discussions with MCVU senior leadership led to an agreement that, while the credit union had strong technical experience to keep their systems up and running, they also had an opportunity for additional staffing to better keep up with industry best practices and the latest regulatory requirements. Wolf also illustrated to leadership that they couldn’t ensure their technology environment would support the institution’s overall strategic growth plans. MVCU needed a more formal plan to enhance their IT governance strategy to support the technology needs of their employees and members.
- MVCU was understaffed relative to their entity’s size.
- Industry best practices and regulatory requirements were outpacing current strategy.
- The current strategy couldn’t support MVCU’s growth plans.