HENDERSON, Nev.–A wide variety of topics, issues and presenters were all part of the latest “Underground Collision of the Minds: Shift Happens” meeting, organized and hosted by Mitchell, Stankovic & Associates.
The event, held virtually, included thought-leaders on topics ranging from “Inspiring Hope for a Global Community” to warp-speed technology to cannabis banking and more.
“If ever there were a year for credit unions to go Underground and issues bubble up to the surface to spark Ideas into Action, it’s now,” said MSA CEO Sue Mitchell, founder of the Underground Community. “Every single person has experienced life disruption, from health to finances to job security. Some have lost their homes, critical nourishment – body and soul – and, unfortunately, their loved ones.”
Action Items
The Ideas into Action items from the Collision included:
- Ensure your credit union’s operating budget is appropriately aligned for technological investment and establish a culture that supports a mindset toward digital transformation
- Development of solutions must be diverse and inclusive to ensure the outcome is an actual solution. Be curious and learn from others different from yourself with intentional DEI efforts and a global perspective. DEI is critical at all levels. Seek out your own bias, allow yourself to be educated. Evolve employee resource groups into business resource groups. Join and support #CUPride via Facebook Group.
- Provide holistic financial coaching and remove stigma of financial shame. End generational poverty, one person at a time.
- Measure goodwill to ensure credit unions’ federal tax exemption and to better communicate the value of a cooperative. Metrics are important to show economic and social impact.
- Study serving cannabis businesses and their employees to keep communities safe and illicit proceeds out of the banking system. Increase income by serving others.
The Goal
The goal of the Underground Collisions is to select critical topics, drive authentic conversations and ignite passion and action in credit unions to thrive forward, according to Mitchell.
“When ‘shift happens,’ most people step away, but not credit union people,” Mitchell concluded. “We step in! Credit unions are dedicated to financial democracy and are fighting for all of us!”
The Underground Collision is made possible by the sponsorship of credit union business partners, including CO-OP Financial Solutions, CUNA Mutual Group, PSCU, Ser Tech, Alkami, BALANCE and the World Council.
A recording of the event can be watched here.