When it comes to building a new corporate headquarters credit unions need a little imagination.
"There is often a lack of imagination in the planning stage," said John Hyche, LEVEL5 senior vice president of strategic consulting/principal. "If I ask the head of accounting how many more people will you need in 10 years, they usually have trouble imagining the horizon beyond 24 months. With facilities you have to plan for a longer term future."
He added that if credit unions don't align their headquarter decisions with strategic goals it could lead to a potentially expensive mistake.
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