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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.
Leaders at cooperatives across the country share how core principles are driving strategic thinking in their shops.
Executives at the National Credit Union Foundation and Interra Credit Union share why empathic leadership is important and discuss how credit unions and communities can positively impact lives amid a pandemic.
Unprecedented earthquake activity on the south coast of the Caribbean island has impacted thousands of residents. Now, credit unions are helping with the recovery.
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Join Callahan & Associates and Hauser for a discussion about how Altra launched its annual day of service.
Locating call centers across its North Carolina footprint maximizes building space for SECU and provides jobs in high unemployment areas.
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.
St. Louis Community Credit Union strives to be a positive force, and it has the impact report to prove it.
Credit unions are experimenting with employee-sponsored small-dollar loan programs at the urging of Filene and the FINRA Foundation.
A small Ohio credit union includes income replacement in a loan package aimed at spurring personal and community economic development.
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.