Cooperatives are uniquely positioned to respond well to crises thanks to their ownership structure and mission. But responding well takes more than just that. Chip Filson details what credit unions and their leaders need to do in those situations.
If the Federal Home Loan Bank (FHLB) and Central Liquidity Facility (CLF) are both “lenders of last resort” why is the CLF deemed so unappealing? How is the FHLB system so much more relevant for credit unions than their own liquidity backstop? Chip Filson might know why.
Credit unions facing an economic downturn need to avoid being swayed by the doomsayers, says Chip Filson. The most important thing for credit unions is in how they respond.
As we celebrate the 75th anniversary of VE-Day, Chip Filson reflects on other contributions made by the Greatest Generation that helped shape the future of America.
Contrary to the cliché that size is equal to success, Chip Filson argues that various credit union sizes serve to make the industry stronger. Relating credit unions to the co-op method of community supported agriculture, he reminds us that scale is no substitute for community.
In the midst of the coronavirus crisis, everything around us is closing and canceling. During this time, Chip Filson conveys how essential it is for credit unions to keep learning and working thorough the crisis to continue serving their members until the world around us returns to normal.
Covering three recent examples of various losses and corruptions within the credit union industry, Chip Filson argues that while the NCUA is focusing on “correcting” mistakes, there is a distinct lack of needed discussion and learning taking place.