PHOENIX–The CEOs of two significant CUSOs yesterday outlined for their respective member credit unions what their roles are, where they are investing and what’s ahead.
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PHOENIX–Michael Phelps, the most decorated Olympian in history with 28 medals, didn’t arrive accidentally on all those podiums. He was fixated on goals, overcame a dark period in his life, and for anyone who ever doubted them, sought to jam their doubts “down their throats.” In all of that, he found some lessons for credit union execs as both leaders and as individuals.
LAKE FOREST, Ill.—Is it time for credit unions to be more concerned about checking competition from some big-name, big-budget brands that also own fintechs?
BURTON, Mich.—More low-income residents here will be driving to work this year instead of walking or taking the bus thanks to NCUA’s streamlined Community Development Financial Institutions (CDFI) certification process.
COLUMBUS, Ohio—Lee Butke is stepping down as president and CEO of Corporate One FCU, leaving the organization in sound financial shape. But what may be most notable about that accomplishment is that Corporate One is still around.
BOULDER, Colo.—Elevations CU grew its awareness in a highly competitive market dominated by big banks by 32% in one year thanks to a campaign that “proved” the credit union’s commitment to the markets it serves.
SAN JUAN, Puerto Rico—One lesson Hurricane Maria taught the people of Puerto Rico is that credit unions are more important than ever to the island’s economy and to the province’s future.
LANSING, Mich.—For a credit union to effectively serve the needs of low-income members, CASE CU says it must develop a dedicated line of products.
MADISON, Wis.—Costs related to data breaches could cost a credit union in the millions of dollars—a huge liability typically not covered under a CU’s general liability coverage.
LAKE FOREST, Ill.—Despite the strong economic performance, the American consumer continues to be disengaged from retail and much of the economy, and continues to build checking account balances to record levels, a new report reveals.