How credit unions define their mission, and the actions they take to deliver on it, creates member value as well as a distinct competitive advantage for the movement.
Whether inflation swells or holds steady in the coming year relies on two variables.
Huge new reserves for the NCUSIF appear as if from nowhere while credit unions get peanuts from the corporate credit union bailout.
Credit unions need to redefine the debate to clarify the difference between for-profit banks and member-owned financial cooperatives.
If members don’t think their credit union is relevant, sooner or later, it won’t be.
Whether a credit union’s staff and leadership is comfortable going off script to solve member problems is a matter of culture.
The NCUA board touts its payback to credit unions, but soaring reserves hide a different story.
Credit unions don’t want to lose their tax exemption, but does the movement take the time to explain member-ownership? And why it matters?
What market drivers could also impact the credit union investment portfolio?
Get relevant or crash to the ground. Choose wisely.
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.
The Difference Is In The Mission