Is the race to merge folly? Chip Filson believes that by discarding member focus and legacy for the sake of growth we undermine the public’s faith in cooperative design. And that might spell disaster for credit unions in the long run.
Michigan Legacy Credit Union CEO Carma Peters strives to break down the double standards between credit unions deemed too small to survive and those too big to fail along with discrediting the idea that any credit union under $250 million is doomed to merge or disappear.
Renewing credit union membership with younger generations is important, but so is renewing leadership with young entrepreneurs. Chip Filson discusses the need for more encouragement of young leaders and for the NCUA to loosen the barriers to new credit unions.
Are today’s credit union thought leaders helping or hurting the industry they hope to inspire? Randy Karnes addresses the risk of piling on expectations and best practices on credit unions, and the anxiety it might be creating.