How Credit Unions Can Partner With Fintech Companies and Stay Competitive

When we think about what draws members to your credit unions, we generally point out the low rates, accessibility, convenience, and trust as compared to your bank counterparts. However, when we consider that financial technology (fintech) companies such as PayPal and Square are coming onto the scene more rapidly and picking up more of the […]

Is Your CU Sub-Debt Approved?

Overlooking secondary capital in the subordinated debt (sub-debt) market could put your credit union behind when planned and unplanned investment opportunities arise. Jeff Cardone, Partner/Attorney at Luse Gorman, shares why your credit union may consider getting pre-approved for sub-debt sooner rather than later. Stream the Episode  What Subordinated Debt Is and How Credit Unions […]

Split-Dollar Versus 457(f) Plans and What Credit Unions Should Evaluate

When building an executive benefits package that seeks to recruit and retain top talent, the question arises: with multiple options, which benefits should we include? Popular choices that uniquely benefit credit unions are the collateral assignment split-dollar (CASD) and 457(f) plans. Both are retention tools that provide retirement benefits to executives—but which is better? As […]

Can—and Should—Your Credit Union Serve Cannabis-Related Businesses?

With the legalization of medical and adult-use, i.e., recreational marijuana spreading across the country, you may be considering how your credit union can begin providing services to cannabis-related businesses. Perhaps you don’t know where to start or if you even should. With more research demonstrating the positive benefits of medical marijuana, many credit unions view […]

When to Take Strategic Risk in Your Credit Union—Your ACTion Point

As a credit union executive, should you consider your personal financial success before the direction of your credit union? Yes and no. The reality of your position challenges you to lead your organization boldly into new initiatives, technology, and markets; however, every major decision you make comes with risk. Whether it will pose a financial […]

How Strategic CEO Succession Planning Can Position Internal Executives for Success

Planning to exit your organization as a credit union CEO ideally occurs years before your anticipated retirement date. Strategic credit union leaders understand the logistical and emotional process ahead of them. As a result, succession planning is an essential component to ensure the credit union’s success in the future, and the confidence of the credit […]

How Credit Unions May Overcome Income Challenges with a Charitable Donation Account

Credit unions across the country are currently facing a common challenge—how to create more yield and income. They traditionally rely on reinvesting money from lending products as one form of income. However, due to the increase in government stimulus payments and record-low loan growth, credit unions have had to find alternative income-generating sources to offset […]