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.
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.
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.
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.
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.
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.
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.
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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