Ever since OpenAI released its ChatGPT artificial intelligence (AI) chatbot in November 2022, there’s been growing buzz around the role AI could play in pretty much every aspect of life. Emotions around AI range from wonder and excitement to worry and fear,…Read more How Can Credit Unions Leverage AI Without Eroding Member Trust?
Most credit union employees are familiar with the cooperative principles, including Principle #6: Cooperation Among Cooperatives. Yet while credit unions have a proven track record of collaboration, it seems this principle has yet to be fully realized between credit unions and other cooperatives….Read more What Cooperation Among Cooperatives Looks Like in Practice
Credit unions are known for the emphasis they place on building authentic human relationships with their members. But at the same time, digital advances and other trends are transforming the financial industry, pushing credit unions to keep growing beyond the small size…Read more What Does it Mean to Bank on a Human Scale?
Florida Governor Ron DeSantis has ended nearly six decades of perks for Disney, stressing that he will not allow “a woke corporation based in California to run our state.” A Texas law bans municipalities from doing business with financial institutions that have…Read more How to Market Your Credit Union’s Social Impact in the Era of ESG Backlash
Credit unions have always been better cooperators than competitors. The joint investments of five Washington-based credit unions to the Evergreen Impact Housing Fund (EIHF) is a shining example of the “cooperation among cooperatives” principle in action. The greater Seattle area is one…Read more How Five Credit Unions Joined Forces to Tackle Affordable Housing
Credit unions, by their nature, are community oriented, but some are more intentional about their commitment to impact. Community Development Financial Institutions, or CDFIs, are a perfect case in point. Credit unions now represent a third of the CDFI industry, serving more…Read more What Does It Mean to Be a CDFI, and Why Do CDFIs Matter?
Is the financial industry committed to the common good? If you equate the financial industry with megabanks, the answer would likely be a resounding no. Though millions of Americans are megabank customers, it’s doubtful many of us believe that these banks have…Read more The 6 Principles of Values-Based Banking
Anyone who has tried to buy or rent housing in the last few years knows all too well that it’s expensive—really expensive. Research has found that housing price increases have outpaced inflation by 150% since 1970—which means the median home price isn’t the $177,788…Read more Beyond Competitive Rates — 3 Innovative Ways for Credit Unions to Make Housing More Affordable
Many credit unions differentiate from banks by pointing out that they are member-owned, but the average consumer doesn’t always understand what that means. Though our country tends to idolize entrepreneurs and CEOs, we are less likely to think too much about ownership…Read more How Co-ops Can Pave the Way to a Solidarity Economy