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.
Is Life-Stage Tracking Worth It?
In the age of limitless data possibilities and shifting lifestyles, are the traditional, clear-cut life stages an effective tool for determining member needs? Or should credit unions try alternative approaches that, while less defined, are more accurate? Emily Claus argues the latter.
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.
NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations
NCUA proposed a big increase to its operating budget in 2023, and many have come out in opposition. Esteban Camargo provides a little detail on the budget proposal, responses to it, and why the NCUA should reconsider its plans.
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.
An Engineer, a Designer, and a Business Manager Walk into a Bar…
When it comes to balancing engineering with design and business management, the best approach may be the most challenging: cooperation. Esteban Camargo describes the varying perspectives of the development process and why no one viewpoint should stand above the rest.
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.
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.”
Presidents and Credit Unions
Chip Filson shares when the credit union industry captured the attention of two very different U.S. Presidents.
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.
