Cooperatives, Credit Cards, and Wealth Redistribution

Cooperatives, Credit Cards, and Wealth Redistribution

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.

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Re-Imagining Federal Credit Unions’ Fields of Membership

Re-Imagining Federal Credit Unions’ Fields of Membership

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.

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Tech Layoffs and Lessons for Credit Unions

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.

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Who is NCUA’s Customer?

Who is NCUA’s Customer?

Chip Filson ponders who the NCUA serves: members, credit unions, the Treasury, or maybe something else.

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False Prophets and Chasing Idols

False Prophets and Chasing Idols

Chip Filson shares the wisdom of past leaders and urges today’s credit union leaders not to follow the call of false idols, but to follow their conscience in preserving the credit union difference.

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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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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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Asset Bubbles and Credit Unions

Asset Bubbles and Credit Unions

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.

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Randy Karnes Reflects on Twenty-Seven Years of the Cooperative Difference

Randy Karnes Reflects on Twenty-Seven Years of the Cooperative Difference

CU*Answers’ Randy Karnes sits down with CUSO Magazine to reflect on his time as CEO of the cooperative CUSO, what’s next for him, and his thoughts on what’s to come for the organization and credit union industry.

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A Critical Role for America’s Credit Union Museum

A Critical Role for America’s Credit Union Museum

America’s Credit Union Museum may never be more important to the industry than it is now, says Chip Filson. The industry must learn from its early history, or risk losing its critical place in society.

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