OVERLAND PARK, Kan.-Too many credit unions focus on the rick and compliance pieces of enterprise risk management (ERM), and not on the opportunities the process can present.

In 2013, those CUs would be wise to recognize that and make changes, according to Tony Ferris, managing partner for Rochdale Group. Ferris told Credit Union Journal many people think of ERM only in terms of risk identification and regulatory compliance, and although it includes those features, he said the full scope of ERM "goes way beyond" those objectives.

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