In episode No. 621, Callahan industry analyst Stephanie Clark talks with Mike Lawson to discuss why credit unions with less than $50 million in assets need new technology to survive in the marketplace.
It’s time for credit unions to build on the momentum gained during the economic downturn and make long-term plans for the future.
Star One Credit Union has a number of high-tech and wide-traveling SEGs, including Lockheed Martin, Yahoo! and Lam Research. The credit union wants to deliver member convenience, improve operational efficiency and increase member retention no matter where their members live, work or play.
Common barriers and common sense solutions to help credit unions get ahead of the competition and get past those barriers to achieve the results they want.
Second quarter data shows industry real estate loan growth is strong, but lenders should take portfolio quality and state-level trends into consideration.
Patriot Federal Credit Union has replaced annual reviews with quarterly coaching sessions that focus on value and values.
As strategic planning season rolls in, consider what metrics will showcase the credit union to members, the board, and the community.
Eastman Credit Union’s focus on continuous coaching and development allows employees to take charge of their own career.
This week, CreditUnions.com shows how some credit unions conduct annual reviews — and one credit union that doesn’t.
Northwest Community Credit Union uses a collaborative approach to staff reviews rather than traditional performance evaluations.
Alltru FCU stopped treating education as the end goal. Now, financial empowerment guides product design, access, and risk decisions.
More than 50 million U.S. households earn less than the minimum average income needed to cover basic costs of living.
Automatic enrollment and community partnerships help the credit union foundation expand access to early savings for underserved families.
Studies show credit card debt and Buy Now, Pay Later usage continue to rise. Bigger increases could be around the corner.
The credit union completed a three acre headquarters campus in 2021 that offers 52% more space while consuming a fraction of the resources. It’s a model of how cooperatives can lead on sustainability without sacrificing performance.
CDFI credit unions might be fewer in number, but their impact reaches millions of members, and their footprint highlights how targeted mission can translate into broad, measurable reach.
Preventable fraud losses quietly erode credit union margins. The difference between a 25% and 6% loss rate isn’t risk. It’s execution.
Holy Rosary Credit Union has embedded itself into a local high school’s career and technical education program, offering scholarships, internships, and courses eligible for college credit.
Credit union leaders want to know where peers are placing their focus. These six priorities reflect how leadership teams are responding to change with intention and clarity.
As margin support begins to fade, earnings performance is becoming more sensitive to revenue mix and harder to interpret through public reporting alone.