Reporting Coop Success In the Glare of Live Market Updates
While required to complete monthly and quarterly financial reports, few credit unions will publicly share the results of said reports. Chip Filson takes issue with this decision, which he says undermines the rights of member-owners and limits transparency.
How a Black Barber in Little Rock, Arkansas Started a Credit Union
Chip Filson shares the story of Arlo Washington, an Arkansas barber who undertook the task of forming a credit union to support his local community.
Are Credit Unions Moving Beyond the NCUA?
Despite a lending capacity of nearly $20 billion, the Central Liquidity Facility has not issued a loan since 2009, leaving many such as Chip Filson wondering if the organization has outlasted its usefulness.
Credit Unions and the Evolution of “Buy Now Pay Later” Lending
Chip Filson dives into the history of buy now, pay later and how the practice—and those who use it—has changed over the decades.
The Wisdom of Elders
Chip Filson shares the perspective of retired credit union CEO John Tippets and how his change in positions has led to new appreciation for the industry as well as the unique ability to observe trends and changes with fresh eyes.
Is “Creative Destruction” the Future of Credit Unions?
Chip Filson discusses the concept of creative destruction, in which something new is built on the foundation of something old, and how mergers in the credit union industry fail to live up to the idea.
Are Credit Unions Being Disrupted?
Chip Filson debates the possibility of disruption within the credit union industry, from what competition said disruption might be originating, and what this may suggest for the industry.
A Gen Z Story About Money Management in the Digital Era
Marit Hoyem reflects on lessons learned in making and sticking to a budget when using primarily digital payment methods, which can make it difficult to grasp spending habits.
Credit Union Leaders and Bravery: A Rare Combination
All too often, credit union leaders fail to stand up for their members and instead choose to take the easier path, that of least resistance. However, there are examples of those who choose to go against the grain and stand up for what they believe is best for the credit union and members. Chip Filson tells the tale of two such CEOs.
Staying In One’s Lane
In an effort to grow, financial institutions are at risk of veering in directions that do not align with their foundations or their members’ best interests, argues Chip Filson, who urges credit unions to stay in their lane.
