As a community-based financial institution, your primary goal is to create better lives for your membership. Reducing stress and struggle with finances is the most effective way to do so. Thus, financial empowerment. This is part of a category of articles looking at ways your institution can empower members through…
Serving Underserved Small Businesses: Checking, Lending
Remember the “Great Recession of 2008”? While the economic pains it caused you may only be a sore memory, many feel the effects today. For example, there are 4.1 million minority-owned companies with little or no access to traditional business credit and financial tools. Even worse, following the recession, local…
Profit Sharing: What Your Credit Union NEEDS to Know
Your CU is leaving money on the table! Why do you offer a range of insurance products? In our discussions with clients over the years, these are the normal answers: Does this seem about right to you? In a classic situation, the insurance provider pays your CU a set fee…