Advocating For Choice: Private Insurance
Per the Michigan Credit Union Act, all state-charted credit unions are required to use National Credit Union Share Insurance Fund (NCUSIF) as their deposit insurance provider. Julie Gessner argues this lack of choice only hurts members in the end and encourages legislative change.
Credit Union Ownership Education and Assuming the Obvious
In an effort to educate their members on all things financial wellness, credit unions are often in danger of skipping over how they can educate their members as owners. Emily Claus discusses the importance of ownership education and how credit unions can teach “the obvious.”
The Gaps in High School Financial Education Courses
Although mandatory financial education courses for high schoolers is growing, it is still only a requirement in a tiny portion of the United States. Chip Filson calls on credit unions to help bridge the gap as states add these courses to their curricula.
Missing the Forest for the Trees: Today’s Website Trends
Trends are constantly changing and adapting, and website trends are no different. Marketing Manager Peter Meyers discusses some of the latest website design crazes and how you can best incorporate them into your site.
The Question of Board Compensation
Once unheard of, board compensation is becoming a more common practice. But often, the pay is not in line with the amount of work being done, and the methods fall outside the cooperative guidelines. Emily Claus examines the going rate for board members and the justifications credit unions use for these amounts.
Tech Layoffs and Lessons for Credit Unions
Chip Filson warns credit unions not to follow in the tech industry’s footsteps in the race to shrink workforces because others are, but to trust in staff and their impact on members.
Credit Unions’ Role in an Increasingly Cashless Society
As nations begin to transition to cashless societies, eschewing cash and coin for digital payments solutions, CUSO Magazine’s Esteban Camargo wonders what credit unions’ role should be to their communities.
What Do This Weekend’s Bank Failures Mean for Credit Unions?
Chip Filson recaps the recent failures of two mid-sized banks, the threat to the financial system, and what it means for credit unions in the near future.
Monthly Board Meetings: Necessary or Burdensome?
As legislation aims to reduce required board meetings from monthly to six times per year, Emily Claus discusses the potential benefits and ramifications of such a change, with input from two long-serving board members.
Dreams Can Be Dangerous
What dreams will credit unions foster: those of the members of those of the institution? Chip Filson warns that dreams can be dangerous when they fall out of line with our values.
