Is “Creative Destruction” the Future of Credit Unions?

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.

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Are Credit Unions Being Disrupted?

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.

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A Gen Z Story About Money Management in the Digital Era

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.

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Credit Union Leaders and Bravery: A Rare Combination

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.

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Staying In One’s Lane

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.

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Democratic Disruption at an Annual Meeting

Democratic Disruption at an Annual Meeting

Chip Filson shares the debate that occurred at SECU’s annual meeting and how it serves as a rare example of the often overlooked aspect of credit unions: coop democracy.

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Do Credit Union Names Matter?

Do Credit Union Names Matter?

Juliet believed that names had little bearing on how something is treated or viewed. Chip Filson believes differently, arguing that credit union names—and name changes—can say something about how the institution sees itself and its members.

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What Can Be Done About the Drought of New Credit Union Charters?

What Can Be Done About the Drought of New Credit Union Charters?

The credit union industry was founded based on need; those unable to secure financial services turning to their communities for help. Chip Filson argues that this founding nature is slipping away but can still return to its roots.

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An Initial Reaction to the NAFCU-CUNA Merger

An Initial Reaction to the NAFCU-CUNA Merger

After the recent announcement of CUNA and the NAFCU’s intended merger, Chip Filson discusses the possible ramifications such a move could have on the credit union industry.

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Digital and Branching Options

Digital and Branching Options

While digital strategies continue to be the hot topic within the credit union industry, Chip Filson says in-person is both sticking around and even growing among retailers, and some credit unions are paying attention.

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