Believe it or not, risk management is fun for Kristen Scott, vice president of enterprise risk management at Telhio Credit Union.

If Scott had her way, every credit union would take the time to look at their vision and overall business strategy through the lens of enterprise risk management. Given her title some may say she's biased, but Scott has likened it to finding and matching the right puzzle pieces to see the big picture more clearly.

"I think every credit union is different with their own risk tolerance and the members they serve in a unique way, so I think it's hard to tell anyone how they should or shouldn't approach risk," said Scott. "That being said, I do like that enterprise risk management takes a systematic approach, which allows each credit union to look internally, better understand the aggregate risks to determine what they need across the entire organization instead of just on the lending side. It's a way credit unions can make more informed decisions."