A Member’s Question
In response to a member’s observation, Chip Filson discusses the shift in credit union politics from a member-lead democracy to a board-run authoritarian regime.
Affinity Plus Federal Credit Union to Merge with Albert Lea’s City & County Employees Federal Credit Union (CCEFCU)
Affinity Plus Federal Credit Union (Affinity Plus) and City & County Employees Federal Credit Union of Albert Lea, Minn. have announced a merger, following a majority vote from CCEFCU members and approval from the CCEFCU Board of Directors and National Credit Union Administration.
Taxation is Not a Systemic Threat to Credit Unions
As the industry celebrates the recent tax-exemption win, Chip Filson issues a stark reminder that taxation is not the biggest threat the industry faces. Instead, the real danger is coming from inside the industry and the erosion of the member-owner role.
The Art of the Steal
Chip Filson shares the consequences of regulation without enforcement: unchecked mergers doling out hundreds of thousands to executives while paying credit union owners less than they’re due.
Post Bank Mergers Open Doors to Seamless Mortgage Operations
When credit unions purchase banks, integrating the data can be a challenge, but it is possible. Joey McDuffee shares his thoughts on how credit unions can improve the member experience for those bank customers becoming credit union members.
Top 10 CUSO Magazine Articles of 2024
As we move into 2025, the CUSO Magazine team took a moment to reflect on 2024 by sharing the most widely read articles of the year.
What to Do When Credit Unions Go Rogue: Part One
Chip Filson analyzes the merging habits of Credit Union 1 in Illinois, the businesses decisions and bonuses the follow these mergers, and the outcome for members and employees involved in part one of two.
Credit Unions Need Mergers and Acquisitions to Grow and Technology to Sustain It
In a desire to expand, credit unions have been acquiring community banks and growing their reach. Alex Jimenez explains why these institutions will then need the technological capabilities to back those mergers and acquisitions up and maintain their members.
Double-digit Billion Dollar Credit Unions Announce Intentions to Merge
CUSO Magazine’s Esteban Camargo reports on the announcements of $11.9B Digital Federal Credit Union and $16.7B First Tech Federal Credit Union and their intentions to merge in 2025.
Wisdom for Life from Children’s Stories
Chip Filson views recent mergers and bank acquisitions through the lens of children’s stories to ask the industry: when is it time to say enough?
