Whitepaper takes a strategic look at common budgeting pitfalls and how to build smarter budgets
FARMINGTON HILLS, Mich.–(BUSINESS WIRE)–MDT, a CUSO that helps credit unions navigate complex financial technology ecosystems, today released a new whitepaper, Overcoming Budgeting Pain Points for Credit Unions, which explores today’s most pressing budgeting pain points, highlights common missteps to avoid and offers practical insights from MDT’s team of experts.
For many credit unions, budgeting season is a challenge and is often not executed as strategically as necessary. Disconnected planning, limited visibility, and shifting priorities often leave credit unions reacting to change rather than driving it. Budgeting, when done right, connects vision to action, aligns stakeholders, and empowers credit unions to lead with confidence. The whitepaper outlines ways to align budgeting with strategic goals, improve collaboration and leverage the right tools and guidance in order to positively impact an institution’s financial future.
“In today’s evolving and fast-paced environment, budgeting is more important than ever,” said Tracie Loudermilk, VP of Project & Consulting Solutions at MDT. “However, many credit unions still struggle with outdated practices, siloed processes, and underestimated costs. As credit unions face growing technology demands and tighter margins, MDT strives to help leaders align their budgets with solutions that deliver meaningful impact by guiding clients through the fintech ecosystem and turning budgeting from a financial exercise into a platform for achieving strategic goals.”
Topics the whitepaper examines include:
- Budgeting as a Strategic Driver
- Budgeting Pain Points: What Credit Unions Are Telling Us
- Common Budgeting Mistakes and What to do Instead
- Technology Tools and Indirect Costs
- AI and Automation in Budgeting
- Regulatory and Compliance Considerations
- Bringing Strategy and Execution Together
To learn more, download the full report, Overcoming Budgeting Pain Points for Credit Unions.
About MDT
MDT helps credit unions navigate complex financial technology ecosystems, ensuring they remain institutions of choice for members. In addition to hosting the Symitar core processing system from Jack Henry™, MDT provides credit unions with the tools and technology needed to compete and grow. Committed to partnership, security, and compliance, MDT takes a collaborative approach to service—leveraging deep industry expertise to understand each institution’s unique needs and foster long-term success. MDT supports over 100 credit unions with cloud-based solutions, expert consulting, and digital transformation strategies. With MDT, credit unions across the country can more effectively implement technology, boost efficiencies, and enhance member service. Visit mdtmi.com or follow @memberdriven for more information.
Contacts
Cristi Murray
678-781-7217
[email protected]
