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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How Cooperatives Cause Disruption In Any Industry

How Cooperatives Cause Disruption In Any Industry

As cooperatives, credit unions are well aware of the ways they benefit to members. The same can be said of the cooperatives that serve those same credit unions, says CUSO Magazine Supervising Editor Esteban Camargo.

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Credit Union Merger Voting Turnout Paints Ugly Picture

Credit Union Merger Voting Turnout Paints Ugly Picture

Are credit unions really democratic institutions when less than ten percent of the membership can vote away that institution’s existence? Chip Filson wonders whether credit union cooperative design has eroded of the years.

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Bankers Say NCUA Subordinated Debt Rule Undermines Credit Union Mission

Bankers Say NCUA Subordinated Debt Rule Undermines Credit Union Mission

David Baumann of the Washington CU Daily reports that the Independent Community Bankers of America and the American Bankers Association have criticized the National Credit Union Administration for a final rule allowing low-income, complex and new credit unions to issue subordinated debt.

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