How credit unions can ‘think big’ and ‘act small’

by: Anca Voinea

In order to thrive and be relevant, small and medium sized credit unions will have to find new ways to pull resources where they can.

Speaking at the World Credit Union Conference in Denver, Mollie Bell, chief engagement officer at the Filene Research Institute looked at the state of credit union collaboration in the US. The session also explored the “Network” credit union concept model.

Filene has conducted a series of research studies that examined the notion of collaboration, not only among credit unions, but also between credit unions and the wider co-operative sector.

One of the key challenges facing credit unions is embracing new technologies. By pulling resources, credit unions can achieve more. Ms. Bell explained how technological collaboration was easier than 20 years ago.

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