Strategic plans need to be tailored to the credit union’s individual financial circumstances and capabilities, as well as common bond dynamics, while addressing operational and commercial challenges. Strategic plans should demonstrate sound and prudent risk-focused strategy formulation, business planning and implementation, aimed at the sustainable delivery of member products and services. Post restructuring development The sector has undergone significant restructuring in recent years.
Restructuring provides strategic transfer solutions for weaker credit unions, enabling affected members to retain access 5/7  BIS central bankers' speeches  to credit union services and indeed gain access to a wider range of services provided by stronger, larger credit unions. Restructuring also offers opportunities for other credit unions to build scale and reach by coming together voluntarily.