How Credit Unions Can Use Fintech to Create a Digital-First Organization

On September 21, 2022, Posted by , In Fintech, By ,, , With No Comments

When you think of a digital-first organization, you may imagine the opposite of a personalized and thoughtful experience. However, “C.U. on the Show” guest Thomas Novak shares that’s exactly what his team is creating at Visions Federal Credit Union through strategic innovation and a buy, build, or partner approach to…

How Treasury Management Services Can Give Credit Unions a Competitive Advantage

From scalability to increased fee revenue to capturing more non-interest-bearing deposits, there are several reasons credit unions would want to expand their offerings to business members. However, until recently, big banks have generally cornered the business services area of the market. Many credit unions have lacked the resources, expertise, or…

How Fintech Can Help Credit Unions Stay Competitive

JPMorgan Chase currently invests $12 billion in technology annually, which is twice as much as the IT budget of credit unions nationwide—combined. For this reason, it’s becoming increasingly challenging for credit unions to keep pace with the technology, research, and development of larger financial institutions. To stay relevant and continue…

How Credit Unions Can Develop “Ready-Now” CEO Candidates

Executive succession planning and finding someone to step into a CEO position is a critical role of your credit union’s board. When done strategically, an active approach to succession planning can help organizations develop internal candidates into “ready-now” executives and position them for a CEO role years before a current…

Fortify Your Credit Union Exit

If you haven’t built a legacy plan, you could be missing unexpected opportunities and insight that could benefit your organization today, even before you leave. Maurice Smith, CEO of Local Government Federal Credit Union, shares the many lessons he learned from his legacy planning coaching and how he’s using his…

How Credit Unions Can Create Strategic Alignment

Amidst the challenges of the pandemic and an increasingly competitive talent market, credit unions are reevaluating their strategic game plans as they head into the future. However, what happens when executives and board members lack direction or aren’t on the same page? On “C.U. on the Show,” Doug welcomes guest…

What Is Direct Indexing and How Can It Benefit Credit Union Executives?

Wes Johnson, CERTIFIED FINANCIAL PLANNER™ practitioner and co-founder of ACT Advisors, joins Doug on “C.U. on the Show” to discuss direct indexing, a tax-focused investment strategy. The relatively new investment approach provides several benefits to investors, including tax opportunities, customization, and no-cost trading. Wes and Doug dive into the strategy…

When and How In-House Legal Counsel Can Add Value to Your Credit Union

Your credit union may manage various legal matters today, from reviewing and developing contracts to ensuring the organization is up to compliance standards. Perhaps you have some internal staff who fulfill these roles or consult with an outside attorney, but is there an appropriate time to establish an in-house team?…

How Credit Union Leaders Can Prepare to Serve On Boards

Serving on a board allows credit union leaders and those approaching retirement to continue advancing their mission-focused commitment, using their career experience, and making a difference in their community. However, finding and obtaining a board role, particularly a paid position, is not as simple as you may expect. Board members…

How Credit Unions Can Capture Revenue from the Growth of Online Gambling

The online gambling market is growing as its activity has become more mainstream, and more states have passed laws allowing it. Although it was relatively common for credit unions to enable and accept transactions made in casinos before the pandemic, the restrictions that followed changed gambling behavior, resulting in a…