--- title: "Enterprise Risk Management: A strategic approach to “What could go wrong?”" description: The foundations of enterprise risk management are to prevent incidents that could impact credit union operations. Now how do you prevent that? image: https://content.americascreditunions.org/hubfs/Imported%20sitepage%20images/1701988566399.jpg --- [![AmericasCUs_Logo](https://content.americascreditunions.org/hs-fs/hubfs/AmericasCUs_Logo.webp?width=200&height=47&name=AmericasCUs_Logo.webp)AmericasCUs\_Logo](https://www.americascreditunions.org) Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. - Menu Item - Sub Menu - Sub Menu - Sub Menu ![5 KPIs of Successful ERP Implementation](https://www.manobyte.com/hubfs/chub_backup/5%20KPIs%20of%20Successful%20ERP%20Implementation.jpg) #### Section Header Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. [![AmericasCUs_Logo](https://content.americascreditunions.org/hs-fs/hubfs/AmericasCUs_Logo.webp?width=200&height=47&name=AmericasCUs_Logo.webp)](https://www.americascreditunions.org) Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu - Menu Item - Sub Menu - Sub Menu - Sub Menu [Blog Search](https://content.americascreditunions.org/en/topics-of-interest) > [Compliance, Risk, & Regulations](https://content.americascreditunions.org/en/topics-of-interest/tag/compliance-risk-regulations), [Credit Union Operations](https://content.americascreditunions.org/en/topics-of-interest/tag/credit-union-operations) # Enterprise Risk Management: A strategic approach to “What could go wrong?” By [America's Credit Unions](https://content.americascreditunions.org/en/topics-of-interest/author/americas-credit-unions) / February 21, 2024 at 3:37 PM [Return to Blog](https://content.americascreditunions.org/en/topics-of-interest) ![Enterprise Risk Management: A strategic approach to “What could go wrong?”](https://content.americascreditunions.org/hubfs/Imported%20sitepage%20images/1701988566399.jpg) Having a plan for the worst can mean it won’t actually be the worst. Enterprise Risk Management (ERM) is a strategic methodology that helps your credit union identify and plan for future dangers, disasters, and other unpleasantries. ERM is not a set-and-forget system, especially when it comes to being prepared for numerous unexpected situations. If your credit union has ERM in place for various scenarios, when were they last updated? Technology growth and changes in regulations can alter your risk and plans. For example, if you use AI in loan review and decision-making, how you account for and manage those decisions changes with the technology. Economic predictions from one year to another require frequent reviews of plans and preparing for various shifts. Scenarios to have a plan for could include: - Natural disasters - Cyberattacks - Fraud - Federal, state, and local regulations - Economic forecasts and predictions While we would all like to focus on optimistic possibilities, this is a vital need to ensure future success. If this is inspiring you to take a deeper look at what your credit union is prepared for, and where you need to do some work, a good place to start is with [Enterprise Risk Management Certification School](https://hubs.li/Q02lSK0T0), May 7-9 in San Antonio. Especially helpful for those new to ERM, this is an opportunity to understand areas of risk and engage with colleagues facing similar challenges and opportunities. If you are a credit union CEO, CFO, or have “Risk” in your title, attending Enterprise Risk Management Certification School provides an opportunity for you to earn [CUERME (Credit Union Enterprise Risk Management Expert) certification](https://hubs.li/Q02lSK8X0). You will be able to expand your understanding and deepen your knowledge of ERM ensuring your credit union is prepared, come what may.  ## Related Posts ![Horizontal](https://content.americascreditunions.org/hs-fs/hubfs/Horizontal.png?width=315&height=74&name=Horizontal.png) Contact our Member Experience Team [800-356-9655](tel:8003569655) or [hello@americascreditunions.org](mailto:hello@americascreditunions.org) [![Instagram](https://content.americascreditunions.org/hs-fs/hubfs/LinkedIn.png?width=32&height=32&name=LinkedIn.png)](https://www.linkedin.com/company/americascreditunions/)![LinkedIn](https://content.americascreditunions.org/hs-fs/hubfs/Instagram.png?width=32&height=32&name=Instagram.png)[![Twitter](https://content.americascreditunions.org/hs-fs/hubfs/Twitter.png?width=32&height=32&name=Twitter.png)](https://twitter.com/AmericasCUs)[![Facebook](https://content.americascreditunions.org/hs-fs/hubfs/Facebook.png?width=32&height=32&name=Facebook.png)](https://www.facebook.com/AmericasCreditUnions) © America's Credit Unions 2026,  All rights reserved. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "America's Credit Unions", "url" : "https://content.americascreditunions.org/en/topics-of-interest/author/americas-credit-unions" }, "dateModified" : "2024-04-01T20:36:13.963Z", "datePublished" : "2024-02-21T21:37:32.000Z", "headline" : "Enterprise Risk Management: A strategic approach to “What could go wrong?”", "image" : [ "https://content.americascreditunions.org/hubfs/Imported%20sitepage%20images/1701988566399.jpg" ], "mainEntityOfPage" : { "@id" : "https://content.americascreditunions.org/en/topics-of-interest/enterprise-risk-management-a-strategic-approach-to-what-go-wrong", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://content.americascreditunions.org/hubfs/Assets/Logos/Americas%20Credit%20Unions/ACU-3line-Purple-500x164.png" }, "name" : "Credit Union National Association" } } ```