I wish I thought of this tag line
“When we lose small, we lose big” This phrase is not about the continual decline of smaller credit unions via merger and the lack of new charters. Rather it is the advertising lead for Goldman [...]
Posts Tagged ‘Small Credit Unions’
The secret for small undesirable credit unions
We all know many small and mid-sized credit unions find it hard to stay ahead of the curve when it comes to facilitating tech. So, when it comes to talking branding and marketing strategy, quite [...]
Credit union leaders – open your eyes
The 2020 CUNA Governmental Affairs Conference (GAC) is in the books and for me, it was by far the best in recent memory. The presenters are always high caliber. The National Credit Union Foundation’s [...]
The CUInsight Experience podcast: Maria LaVelle – Empower others (#60)
Welcome to episode 60 of The CUInsight Experience podcast with your host Randy Smith, co-founder of CUInsight.com. This episode is brought to you by our friends at CO-OP Financial Services. CO-OP is your trusted [...]
The CUInsight Experience podcast: Lynette Smith – Willing to share (#26)
Welcome to episode 26 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. Today’s guest is Lynette Smith the president and CEO of TruEnergy FCU and serves on [...]
Small credit unions an endangered species?
A hot topic for 2018 has been the struggles of small credit unions compared to their larger peers. 2018 economic developments are broadly supportive of favorable credit union operating results and the first quarter was [...]
CEOs of small credit unions and their challenges
Not enough time in the day Rarely, do we wake up and feel confident of what our day looks like in “Credit Union World”, We start off every day with a routine of getting started [...]
How you can get IT assessments done with a zero dollar budget
No time? No money? For many small credit union CEO's, this is their tagline for their daily workload. Yet it doesn't excuse them from the necessity of having to deal with IT examiners. The NCUA [...]
CFPB should increase relief in ‘rural’ definition rule
The Consumer Financial Protection Bureau's (CFPB) proposal regarding rural and underserved areas is a positive step, but CUNA urged the agency to take further regulatory relief steps, in a comment letter filed Monday. The CFPB [...]
The big squeeze on small credit unions
They may be on the verge of extinction. On a hot, sunny morning last fall, 69-year-old retiree Pamela Chappell of Citrus Heights hit rock bottom. She was scraping by on Social Security checks and a [...]
Can small credit unions survive? CUNA white paper says collaboration is key
When Troy Stang shared his vision for the future of the Northwest Credit Union Association in October 2013, the organization's president and CEO stressed the need to maximize collective action to deliver real, tangible value [...]
CFPB chart maps QMs for small credit unions
The CFPB put out a reference chart to show small creditors, including credit unions, what types of mortgages will meet the bureau’s “qualified mortgage” standard that takes effect in January. “These charts offer an [...]
Are Small Credit Unions Ready for 2013?
Small credit unions in particular are having difficulty thriving in today’s market given hefty compliance burdens, shrinking margins, lack of marketing dollars, and increased competition. Small credit unions also face talent management issues. In [...]
Small Credit Unions Turn to Hosted Cores
BY ROBERT MCGARVEY The Rundown About 30% of CUs use a hosted core. Small credit unions particularly find many benefits besides cost savings. If CU regulators push for off-site cores, the rush will be on. [...]
Mergers Will Continue to Cull the Credit Union Herd
BY ROBERT MCGARVEY The Rundown By 2025, the United States will have around 4,500 credit unions. Many smaller credit unions don’t have the wherewithal to compete with banks. The cost of technology and [...]