The Power of Community
In the race to grow, credit unions might be losing out on an important aspect of what makes them so impactful: their local effect. Chip Filson shares how credit unions parallel local press in that way, and reinforces the importance of community.
Data to Consider Before Jumping Into Two New Financial Services
Chip Filson shares information on product penetration for Buy Now, Pay Later and cryptocurrency products among American households; data he feels may shape whether credit unions should feel an immediate need to implement at their own institutions.
How Members Turned A Credit Union Around
As a reminder that past is often prologue, Chip Filson recalls how State Department Federal Credit Union turned itself around back in the eighties after years of misused funds and lack of member transparency.
The Ultimate Cooperative Advantage
In a financial business, the temptation to prove success through dollar signs and numbers is pervasive. Chip Filson reminds credit unions that their greatest success is demonstrated in their relationships with members and the impact on their communities.
Do Americans Want or Need More Credit Union Charters?
Chip Filson shares stories of the keh and the tanda, two kinds of financial institutions benefiting small communities in America, what credit unions can learn from them, and the opportunities these cooperatives signal.
The Need for a Level Playing Field
Chip Filson points out one major area of difference between federally- and state-chartered credit unions: compensation transparency. Chip asks the question, why should FCUs be exempt from this basic level of accountability to their members?
Why the CLF Has No Interest
The Central Liquidity Facility exists to provide credit unions with liquidity lending, and yet it hasn’t had activity in years. Not only that, but they’re struggling to manage their assets and Chip Filson is wondering whether credit unions still need it.
The Next NCUA Chair: Someone Who Cares About Us
With a new President incoming and NCUA Chair Todd Harper’s term ending in August 2025, Chip Filson is asking who credit unions would like to see appointed to the role, and what attributes that person will have.
Diversity in Credit Union Charter Options Matters
Credit unions have a number of different designations available to them that can help them better align with their members. Chip Filson details some of the designations and why they are a boon to credit unions as they seek to differentiate themselves.
Getting Back to Work: A Member with a 536 FICO Score
Chip Filson shares one member’s story to remind credit unions why they’re here: to provide members with little financial miracles every day.
