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 Erik Payne | Feb. 8, 2021

When the pandemic hit, San Mateo Credit Union moved quickly to stand up a non-profit fund and move much-needed assistance into the communities it serves.

By E.C. Harrison | Jan. 25, 2021

Backed by a changing FOM and new BOD, One Detroit Credit Union targets programs to bring hope to Detroit’s abandoned neighborhoods.

By E.C. Harrison | Jan. 18, 2021

The Vermont cooperative relies on a little-known state statute to make direct investments in cooperatives to bolster local economies and create a better world.

 

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By Marc Rapport | Nov. 23, 2020

Ent, Genisys, and Corning credit unions have each taken different approaches to offer much-needed support to area establishments.

By Marc Rapport | Nov. 16, 2020

Columbus United FCU joins forces with a national nonprofit to champion housing availability in rural Nebraska.

By Marc Rapport | Aug. 31, 2020

Leaders at cooperatives across the country share how core principles are driving strategic thinking in their shops.

By E.C. Harrison | March 31, 2020

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.

By E.C. Harrison | Feb. 12, 2020

Unprecedented earthquake activity on the south coast of the Caribbean island has impacted thousands of residents. Now, credit unions are helping with the recovery.

By Callahan & Associates, Inc. | Jan. 30, 2020

Join Callahan & Associates and Hauser for a discussion about how Altra launched its annual day of service.

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.