How are you managing the rapid changes in government policies and executive orders? What strategies are you using to stay agile and compliant?

From a talent perspective, policy changes have a noticeable impact, particularly in terms of talent availability, hiring, and retention. 

We are facing a changing environment both domestically and internationally. For Canadians, the threat of tariffs looms large, and we are trying to understand their implications for our organization and IT contracts. Additionally, federal-level changes are impacting enrollments and financial sustainability. Our focus is on moving away from reactive responses and taking the time to thoughtfully address these rapid announcements. A considered response is crucial given the pace and volume of changes.

In Europe, we are particularly concerned about the potential impact of policy changes, especially since we rely heavily on American cloud and AI solutions. We lack sovereign alternatives, so remaining compliant with any new legislation that might restrict our use of these technologies poses a significant challenge. It's difficult to predict how these discussions will unfold, making it a complex situation to navigate.

In the credit union space, we are regulated by the NCUA, and there are executive orders and regulations like those from the CFPB that we must follow closely. Our approach is to monitor these developments carefully without making knee-jerk reactions. Given that we are still in the early stages of the new administration, many changes are unfolding. Our strategy is to remain vigilant and prepared to react appropriately as needed, rather than making hasty decisions.