Are fields of membership outdated? Or are they what keep credit unions focused on their communities and away from chasing members wherever they can be found? CUSO Magazine’s Esteban Camargo suggests it’s not FOMs holding us back, but how we serve.
As credit unions hyperfocus on growth and income, Denise Wymore wonders that if in our rush to beat the big banks and compete with neobanks, we have slowly transformed ourselves into them.
This week, the House has passed the Housing for the 21st Century Act, bringing with it a number of pro credit union admendments, including the Credit Union Board Modernization Act, Emily Claus reports.
As an industry that prizes itself on putting people before profit, should we not also priotitize creating opportunites for future generations within the credit union? Thanks to mergers, credit union leaders are pulling the ladder up behind them, preventing future generations from taking on roles that should have been theirs, Chip Filson argues.
In a banking world rife with banking options, from megabanks to trendy neo banks, credit unions can feel overwhelmed by the compeititon. Rick DeLisi explains how credit unions can take advantage of new technology to beat them at their own game.
