IRS 990 Filings Should Be Required for All Credit Unions
Should federally-chartered credit unions be required to file IRS form 990? Chip Filson makes the argument that the data included in the form are important for credit union transparency and cooperative design.
Two Credit Union Initiatives Challenged by Current Events
In an era where credit unions want to jump in on the latest trends and capitalize on new markets, Chip Filson reminds credit unions of the wisdom in knowing when to say no to products, services, and leadership decisions that don’t align with the mission of the credit union.
A Startup Story: The Decatur-Wabash Credit Union
Chip Filson shares the account of one credit union’s beginnings, its rise to one of the biggest credit union lenders in the country, and wonders what became of it.
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.
