What’s the biggest threat to credit unions today? The answer might surprise because it’s not regulatory in nature. Or legislative. It’s not even financial or economic.

The biggest threat to credit unions is irrelevancy. As credit unions go head-to-head against larger financial institutions and emerging disruptors, they risk losing touch with what sets the cooperative model apart. As member-owned financial institutions, credit unions work toward a greater good. To remain an FI of choice — and win out over the banks next door and apps with no one at home — credit unions must improve the lives of the members and communities they serve.

This Callahan Collection brings together strategies and stories from across the industry that demonstrate how credit unions are making a positive impact and proving they matter.

Callahan Collections

Community Impact

By Sharon Simpson | March 21, 2022

By turning March 25 into "325 Day," the credit union helped launch a civic celebration that has become an annual event.

By E.C. Harrison | Jan. 10, 2022

From lending off the grid to feeding appetites and wallets — and much more in between — VSECU supports quality of life for members, business, and communities across the state of Vermont.

By E.C. Harrison | Jan. 10, 2022

Member-directed giving, values-based programs, and the cooperative spirit all guide VSECU’s efforts to leave a positive impact on its community.

 

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By Rebecca Wessler | Jan. 10, 2022

Three ways credit unions are delivering on a promise to support members, neighborhoods, communities, and more.

By Marc Rapport | Nov. 22, 2021

Five cooperatives provide the final piece of public-private funding needed to launch a 277-unit project in suburban King County.

By E.C. Harrison | Nov. 1, 2021

The Michigan cooperative is going against the grain of other FIs by serving moderate to low-income members, opening new branches, and tapping CDFI funds to lend to people in need.

Credit unions make an impact every day on their employees, members, and communities, yet too few are showcasing their efforts. Why? Where to start?

By Erik Payne | Sept. 6, 2021

A scholarship program in North Carolina provides more than $1 million annually to statewide community colleges for continuing education and career planning.

By Erik Payne | Aug. 17, 2021

The Virginia cooperative leverages a government-guaranteed loans program to help local business owners make an environmental difference.

By Marc Rapport | July 12, 2021

Afena FCU partners with a local foundation to take on payday lenders with long-term, low-rate loans with a savings component and financial counseling.