A gig economy is an environment in which people work on-demand for single projects and tasks, often through a digital marketplace. The U.S. workforce is shifting toward a gig economy. By 2020, 40% of American workers are predicted to be independent contractors. What does this mean for credit unions and how can they help?
Read: "Trends In Technology (Part 4: The Gig Life)."
Credit unions in the NCUA’s Western Region outperformed credit unions nationwide in all major measures. For example, the industry reported 12-month loan growth of 10.5% at year-end 2017. By comparison, western credit unions reported 13.5%. What’s more, these credit unions reported the lowest total delinquency and net charge-offs of all the NCUA regions — 0.50% and 0.40%, respectively. Learn more about these credit unions.
Read: "Regional Performance Report: Western Credit Unions."
Every credit union has something it calls a strategy, but is yours really strategic? Is it based on a vision of what your credit union can become over the next 10 or 20 years? Does it inspire BHAGs (big, hairy, audacious goals) and serve as a guide when you assess a threat, evaluate an opportunity, or consider a major investment? In the fall, strategic focus is about looking backward to think ahead. But what about in the spring?
Read: "Spring Is Strategy Season."
Callahan analyst Samantha Cristobal recently volunteered with Junior Achievement of Greater Washington, a financial literacy organization that works to bridge what students learn in the classroom with what they learn in their lives. Specifically, she spent time with the JA Finance Park, a program that uses a classroom-style 14-lesson curriculum to teach financial literacy to middle school students. What did she learn? What can credit unions?
Read: "What I Learned From Volunteering With A Financial Literacy Organization."
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