FOMO Business Decisions

FOMO Business Decisions

In the age where good things go quickly and buyers need to act fast to get what they want, Chip Filson cautions credit unions from falling into the habit of purchasing banks out of FOMO instead of member focus.

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A Fee that Credit Unions Should Review for Appropriateness

A Fee that Credit Unions Should Review for Appropriateness

Whereas some credit unions might see inactive accounts as a fee goldmine, Chip Filson argues that sneakily charging such accounts is potentially against credit unions’ founding principles and should be re-examined.

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The Credit Union Movement In Five Phases

The Credit Union Movement In Five Phases

Chip Filson applies Father Richard Rohr’s five stages of development to the evolution of the credit union industry.

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Jeanne D’Arc: A 110 Year Perspective on Sustaining Co-op Success

Jeanne D’Arc: A 110 Year Perspective on Sustaining Co-op Success

Chip Filson analyzes Jeanne D’Arc Credit Union’s 110 years of service and commitment to the community, along with lessons other credit unions can take away from its success.

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When the Most Important GAC Speaker Missed His Scheduled Appearance

When the Most Important GAC Speaker Missed His Scheduled Appearance

One schedule speaker was missing at GAC this year when he chose instead to help refugees at the Ukraine border; Chip Filson shares that speaker’s story and how he embodies the credit union creed of “people helping people.”

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Presidents and Credit Unions

Presidents and Credit Unions

Chip Filson shares when the credit union industry captured the attention of two very different U.S. Presidents.

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NCUA’s Merger Supervision is Failing Members

NCUA’s Merger Supervision is Failing Members

NCUA is responsible for monitoring mergers, but Chip Filson believes it has become a rubber stamping process for the regulator and the industry is suffering for it.

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The Uncertain, Risky Virtual Universe

The Uncertain, Risky Virtual Universe

Chip Filson shares some thoughts on whether credit unions should be investing time and resources in the emerging virtual realities, especially crypto options.

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Going Public: A Credit Union, Their CUSO, and a SPAC

Going Public: A Credit Union, Their CUSO, and a SPAC

What happens when a credit union-owned CUSO is sold? Chip Filson looks into the 2022 sale of Safe Harbor Financial to special purpose acquisition company North Lights Acquisition Corp.

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When Less Is More: NCUA Board’s Mid-Year Operating Budget Review

When Less Is More: NCUA Board’s Mid-Year Operating Budget Review

According to Chip Filson, the NCUA is guilty of consistent budget increases and out-of-control spending. But with a budget review on the horizon, will the board opt to change this?

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