Welcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week.
*International Credit Union Day resources here.
“Inspiring hope for a global community” as our international movement grows
by GREG NEUMANN, WORLD COUNCIL OF CREDIT UNIONS
As we prepare to celebrate International Credit Union Day for the 72nd consecutive year on Thursday, October 15—it is important to recognize that this might indeed be the most important ICU Day celebration ever. While our movement has never been stronger, credit union members in every corner of the globe have also never needed our support and inspiration more than they do right now. (read more)
In turbulent times like these, credit provides the financial support members need
by BETH PHILLIPS, CO-OP FINANCIAL SERVICES
It’s hard to believe that we’re almost eight months into the COVID-19 pandemic. The last several months have given us a roller coaster of an economy that has left many consumers financially-vulnerable and uncertain about their long-term financial outlook. Looking at the data from thousands of credit unions within the CO-OP Credit and Debit portfolio, we’ve seen member spending levels climb back over the last few weeks; however, with many Americans still unemployed and the next government stimulus package potentially in limbo, we can still expect some bumps in the road to recovery ahead. (read more)
4 Tips for Effective Virtual Collaboration
by ELIZABETH GRACE SAUNDERS, HBR
Team collaboration done right is a powerful force to align a group of individuals to accomplish a common goal in the most effective way possible. But even the best collaborations, filled with smart, capable, and experienced team members, can be a struggle. Done wrong, collaborative projects can feel like a waste of time where individuals spend more time talking about doing things than actually getting things done. (read more)