Valuable lessons can be learned from Partner Colorado Credit Union and their CUSO subsidiary Safe Harbor Financial. Chip Filson shares what happened when Safe Harbor went public, and what credit unions might learn from the episode.
A study from the Federal Reserve shows how credit card rewards programs represent a transfer of wealth from the naïve to the informed, the poor to the wealthy, relates Chip Filson.
Chip Filson shares some history on how Ed Callahan helped shape the credit union industry by opening up new possibilities in credit union field of membership, seeking to repurpose it as a building block, not a regulatory hurdle.
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.
Chip Filson tells the tale of former FDIC Vice Chair Thomas Hoenig, the lone dissenting vote in a 2010 decision by the Fed to continue “quantitative easing.” As Americans brace for the impending consequences, Chip wonders whether credit unions are playing into a potential disaster.