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CUToday's The Corner Interviews Brandi Stankovic

9/30/2015

15 Comments

 
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Q: What intangible of leadership is most difficult to convey or prepare for?

A: The most challenging leadership intangible is Emotional Intelligence in a world of digital communication.

I was sitting at a gala event last week with close colleagues and friends. My phone died (sigh), and thus I was forced to interact and converse solely in human form. But to my dismay, my colleagues were happily distracted with their devices and ongoing electronic and social media communications. I actually felt left-out and lonely, yet here I was less than 2 feet from them in the flesh.

Electronic digital media is not only an essential form of communication for a leader, in some cases, it is the only form. The challenge of leaders is twofold. First, how can we effectively articulate, manage, and express our thoughts, needs, desires, and demands through electronic channels? But also, how can we ensure that we are heard when the receiver is so desperately distracted?

Unfortunately, emojis aren’t enough.

Emotional intelligence in the future is going to require leaders to manage, sort, and apprehend emotions through digital cues and coding. Gone are the days that we rely on a puffy chest and clenched fist as cues someone is angry. Now we must translate responsiveness, diction, punctuation and hesitations. The opposite is also true. We are challenged as leaders to express our gratitude and appreciation of our teams, loved ones, and children in a genuine and authentic way….. via text.

The good news is we respond to electronic communication as the new norm. And depending on the sender, the  can leave me feeling…. Well, emoji-heart-eyed.

Q: Are you a fan of a management books? If not, why not. If so, which have resonated with you and why?

A: Absolutely. I am an avid reader and cannot pass an airport bookstore without purchasing the latest and greatest. It does, however, take a lot to impress me. In fact, I can be quite the critic in regards to management books. I think what is missing is a call to action. Many times a book will tell a beautiful story… ok, now what?

But here are a few all-time favorites:

The 8Th Habit by Covey: One of the most powerful books about making a difference. Turn thoughts and knowledge into action. To know and not to do, is really not to know. It is in the doing that knowledge is internalized.

A Light in the Attic (or anything) by Silverstein: Not only do I love to read to my beefcakes (ages 2 and 5) but I love the complexity in his poetry. My favorite poem is Moon Catchin Net… and it really sums up my leadership journey. “Made me a moon-catchin net and I’m goin huntin tonight. I’ll run along swingin it over my head and grab for that big ball of light…”

Blink by Gladwell: The power of thinking, intuition, and emotional contagion.

Owning Your Own Shadow by Johnson: Psyche, life balance, discovering yourself through darkness. Not a management book, but delicious in its exploration of personal accountability and development. 

Recent favorite, The Game by Strauss: There is nothing like learning about human dynamics from master pick up artists. Ha!

Q: Innovation: four syllables getting all the attention. Deservedly so? If so, can you really drive innovation? Or is it coming at the cost of implementation and delivery?

A: Innovation is in the eye of the beholder. I recently spent a weekend at Burning Man, renowned for its artistic liberation and bohemianism. Perfect place for bourgeoning innovative and expressive ideas to flourish. Although I enjoyed the self-expression and being unconnected to the digital, and um, lucid world…. I did observe the conformity in non-conformity. Long story short, the best innovations are usually freaky. And freaky doesn’t pay the bills. There are thousands of wrinkled shirted Harvard drop-outs that didn’t change the world with their social networking software. Not every freaky idea is a good idea. Innovation for the sake of innovating is a waste of time. 
On the contrary, the banking system need not be a grumpy old man in its approach to evolution. We must in fact, transform. We must collaborate and cooperate… work together to change the world. Focus on results. Instead of seeing what my credit union can do (in its existing form) to make a difference… Start with the results. What difference do we want to make? Then, build an innovative institution that will create those results. Continuously. Collaboratively. 

Q: If you could go back and talk to You On The First Day of Your Career, what advice do you share? 

A: When I started in credit union land it wasn’t “cool” to be young. Although I finished my MBA with a hefty-sized chip on my shoulder, it didn’t last long. My elder cohorts kicked my @ss. I spoke when was spoken to. I carried the weight. I shoveled the poop. I attended every meeting. I volunteered at every turn. I said yes to every request. There were no networks that solicited my voice or paths that secured my involvement. I had to earn it. And, I am indebted for every tongue-lashing, cold-shoulder and slap in the face I got. 

So, advice to young me? 

Rock on. Work hard. Enjoy every moment. Listen to the universe. Keep traveling and learning. Celebrate accomplishments. Love unconditionally. Hug your friends and family extra tight. Let your creativity flow. Keep aiming up. Know that strength comes from scars. And, chill out. 

Q: My Keeps-Me-Up-At-Night concern is? Why? And My-Let’s-Me-Sleep-At-Night optimism is?

A: I was at a league meeting recently with a youngish executive friend. I mentioned a certain infamous retired CEO would be joining us for dinner. He said, who? My jaw hit the ground. This notorious CEO won every industry award, was the epitome of the CU philosophy, and lives in the hearts of so many people. She retired like 5 years ago. And he said, who?

So my keep-me-up-at-night? The leadership transition. Will the next level executive have the maturity and experience to rock this industry? Will the industry be able to withstand a major transition? 

Another example, there are a few CEOs in Nevada that recently retired that have incredibly strong relationships with our regulators and private insurance companies. What happens when they leave? Where does that history go?

It is going to be the challenge of this C-Suite virgin to be a catalyst to our industry momentum on all fronts. Not just innovative service channels and technology, but the regulatory environment, the financial asset liability management, the acquisition and consolidation front, and the real core philosophy that is our existence. People helping people. 

I believe in fresh energy and insights that new leaders bring. I also can be exhausted by the immaturity of nouveau riche. There is power in the legacy of those transitioning. I hope I am able to siphon from this experience and absorb all that they have to offer. 

And my let-me-sleep at night? Zzyquil. 
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15 Comments

MSA Brandi Stankovic Hosts Webinars: Cross Selling your Deposit Services & Cross Selling your Lending Services 

9/16/2015

12 Comments

 
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Cross Selling Your Deposit Services

Cross-selling is critical in today's business environment to increase wallet share, improve retention, and increase profit base. As many credit unions know, there is much research on the stickiness of a member with multiple products with the credit union. 

In this webinar Dr. Brandi Stankovic will discuss the following questions:
  • How do we increase deposits to offset attrition?
  • How do we maximize our existing memberships?
  • How do we manage our accounts in an environment of fee regulations and controls?
Click here to register 

Cross Selling Your Lending Services

Consultative member service and cross-selling of our lending products is a reality in today's lending environment. Many institutions are implementing cross-selling strategies, including auto-payments, product bundling, and pre-approvals.

This webinar will examine what credit unions are doing with their lending portfolio to maximize their membership as well as determine which cross-selling strategies are actually driving an increase in lending revenue.

Click here to register 

12 Comments

Mitchell, Stankovic and Associates Hosts: Women in Leadership Webinar Series 

9/15/2015

2 Comments

 
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Join us for our second Women in Leadership Webinar Series with the Filene Research Institute featuring Erin Mendez, President and CEO of Patelco Credit Union, as she shares her experience in not only becoming an influential leader, but also inspiring others around her to do the same. Mendez came to Patelco, one of the nation's oldest and largest credit unions, with over 35 years of experience in the financial services sector and was previously the Executive Vice President for Schools First Federal Credit Union. The interview will be conducted by Brandi Stankovic, Senior Partner of Mitchell Stankovic and Associates and will include key takeaways from her breakout session on this topic at the Leadership Forum in Denver, Colorado. We will wrap up the webinar with an update from the Global Women's Leadership Network and an overview of Filene's Vertex virtual coaching program. Register today for this free one hour webinar series on Tuesday, September 15 at 11:30am CST!
2 Comments

Community Choice Credit Union Thank MSA for their Work

9/12/2015

1 Comment

 
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Thank you to Mitchell Stankovic and Associates for your time and expertise!  I appreciate your assistance in guiding us through this monumental event in our history.  I am confident that you will assist us in making the right decision on a new CEO for our CUSO.  

With tremendous gratitude,

Rainy Thoen, CEO
Community Choice Credit Union
Search Committee, CU Prodigy

1 Comment

MSA helps CU Direct Meet Client Needs

9/11/2015

1 Comment

 
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"Thank you Mitchell Stankovic and Associates for your work on our Education and Client Support project, and for the strong presentation and documentation.  We are very pleased with the output, and I know this will help make us a better organization and a better partner for our clients."

-Paul Kirkbride, SVP, CU Solutions
CU Direct
1 Comment
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