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 | Aug. 26, 2019

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

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.

 

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 | 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 E.C. Harrison | June 3, 2019

This Vermont cooperative is making life-changing auto loans to rescue borrowers who are underwater or burdened with high-interest debt of all kinds.

By Sharon Simpson | May 20, 2019

A salary advance program at one of the nation’s largest credit unions helps members stop running in place and start saving for the future.

By Sharon Simpson | April 30, 2019

Air Academy FCU’s biannual events engage employees and give community members something to smile about.

By Marc Rapport | April 11, 2019

Credit union volunteers encounter refund shock from some as the new withholding regime presents an opportunity to rethink how cooperatives can help at tax time and year round.

By Erik Payne | April 1, 2019

Community giveback is one of Michigan State University Federal Credit Union’s strategic initiatives. How much did it give across 2018? How did that help the credit union grow?

By Marc Rapport | March 25, 2019

How three very different credit unions are collaborating with their communities for better business development.