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 Marc Rapport | Nov. 25, 2019

Locating call centers across its North Carolina footprint maximizes building space for SECU and provides jobs in high unemployment areas.

By Sharon Simpson | Oct. 14, 2019

A history with nonprofits and actively listening to community partners helps Heather McKissick lead her to team to excel in three high-impact areas at University FCU.

By Marc Rapport | Aug. 26, 2019

St. Louis Community Credit Union strives to be a positive force, and it has the impact report to prove it.

 

Is Your Inbox Missing Out?

Sign up for the CreditUnions.com free newsletter and be the first to read our newest coverage of credit union strategies and insights.

sign up today

 

 

By Marc Rapport | Aug. 19, 2019

Credit unions are experimenting with employee-sponsored small-dollar loan programs at the urging of Filene and the FINRA Foundation.

By Marc Rapport | July 1, 2019

A small Ohio credit union includes income replacement in a loan package aimed at spurring personal and community economic development.

By Marc Rapport | June 10, 2019

It’s all a matter of timing as ELGA joins in on the revitalization of a once-moribund main street in one of America’s iconic industrial cities.

By Marc Rapport | March 18, 2019

Twenty-five years in, the Treasury Department program’s roster is dominated by member-owned cooperative financial institutions, who find a precise mission fit.

By Erik Payne | Oct. 29, 2018

How Redwood Credit Union pushed more than $30 million to communities impacted by the most destructive wildfire in California state history.

By Sharon Simpson | Aug. 6, 2018

A loan doesn’t have to be massive to be mighty. These high-impact programs have an outsize effect on members and communities.

By Erik Payne | May 21, 2018

Silver State Schools’ savings program has helped students in low-income schools tuck away more than $250,000 in five years.