What Cooperative Owners Should Know When Their CEO Buys a Bank
When credit unions buy banks, using their members’ cash as the means of sale, credit unions have a responsibility and obligation to disclose information to their member-owners, says Chip Filson.
NCUA Turns to Exit Stage Right in Examinations
Chip Filson reacts to the NCUA’s change in examination rules and the potential fallout that may arise as a result of less oversight and supervision from the organization may have on the movement.
Credit Union Members on Housing’s Margins
With foreclosures and evictions on the rise, Chip Filson asks credit unions an important question: if credit unions don’t help members of their community on the margins, who will?
Which Members to Serve In a Bifurcated Economy?
In a bifurcated economy, Chip Filson asks how credit unions are meant to prioritize member needs when some are thriving and others are drowning.
Would Members Say This About Your AI Chat Service?
In the age of AI everything, Chip Filson issues a reminder to credit unions’ distinguishing factor is strong member service provided through genuine human connection.
The Power of Tradition: The Lesson of Longevity
Chip Filson compares the success and longevity of traditional, family-run businesses in comparison to often short life of modern ones, and asks if credit unions fall into the former or the latter.
Public Hearings to Correct the Merger Free-for-All
Amidst a wave of mergers and little-to-no-information provided to members, Chip Filson calls for the creation of public hearings as a part of the merger approval process, to both enhance accountability and transparency by the credit union and encourage member participation.
A Past and Present Story to Make Every Credit Union Member Proud
Continuing Credit Union History Month, Chip Filson reflects back on Latino Community Credit Union’s example on how credit unions should lead with a passion for cooperative movement at heart.
A Conversation About the Times
Chip Filson shares the outcome of a long conversation with a credit union CEO on the industry shift from member-focused organizations to growth-driven ones, and how the industry can start shifting back toward its cooperative foundation.
A Member’s Question
In response to a member’s observation, Chip Filson discusses the shift in credit union politics from a member-lead democracy to a board-run authoritarian regime.
