Christian Riepe’s Post

📊 “The share of credit unions providing professional financial advice to members continued to grow, reaching 23.4% last year. That is almost double the prevalence of investment services in credit unions in 2011.” The growth in credit union investment management service offerings is a positive sign. However, there are still thousands of credit unions that can likely benefit from offering their members access to wealth management services. A properly designed fiduciary focused wealth management program can help credit unions further their mission. In addition, it can yield numerous benefits for the credit union and its membership such as : 📈 Improve Financial Outcomes for Members 🧭 Help members navigate financial complexities 👛 Gain Greater Member Wallet Share 💸 Diversify Revenue 📋 Discover cross selling opportunities Interested in offering a wealth management program to your membership or reviewing your current program? Please contact me at evan@partnerpf.com or visit Polaris Financial #creditunions #communitybanks #fintech #wealthmanagement #investments https://lnkd.in/gVdjgxe8

Is wealthtech the funnest and most cutting-edge offering in the credit union industry? The default answer is no. But if you understand the flight of deposits outward, the revenue opportunity inward, and the technology available to efficiently make a difference - it absolutely is the most-cutting edge area to focus on for the foreseeable future. From artificial intelligence to digital assets - wealthtech is the convergence of the latest and greatest in tech in an effort to help your members grow and thrive. That's my hard sell 😁 Very grateful for the opportunity to submit this article to CUSO Magazine. #creditunions #wealthtech #fintech

Does bigger always mean better? In terms of credit unions, there are benefits to both scales. Bigger can mean more resources and branches, which often results in more products and digital tools available for members. Whereas smaller credit unions harness their ability to connect to members and increase financial health. Read more to discover the lessons that lie within small credit unions. #PCSU/Coop

Credit unions pride themselves on member service, but can sometimes lack the product offering their members need. Joshua Herman encourages credit unions to look into wealth management products as a way to support members and generate income.https://https://lnkd.in/gkc9s4mQ

#EverydayActivist: Making a Difference, One Step at a Time Today I salute all employees of credit unions who each day help members achieve their financial goals. At a credit union, you are an owner, and all decisions are made on your behalf, not like banks, where the focus is making a profit for shareholders. Credit union members have lower financial stress, are more positive about their financial well-being, and are more financially resilient. https://lnkd.in/eFDtSaBd

Does bigger always mean better? In terms of credit unions, there are benefits to both scales. Bigger can mean more resources and branches, which often results in more products and digital tools available for members. Whereas smaller credit unions harness their ability to connect to members and increase financial health. Read more to discover the lessons that lie within small credit unions. #PCSU/Coop

Credit unions are co-ops. What does that mean? Credit unions are not banks. But we are financial institutions. When you open an account with a credit union you’re not just a customer—you’re an owner. That means when we profit, you profit. It means you have a say in how we operate, your money stays local, and we are accountable to you.

Celebrating Credit Unions: Your Friendly Financial Heroes At Cedar Financial, we’re proud to partner with credit unions—the unsung heroes of the financial world! Here’s why we believe in their mission and continue supporting their growth: Not-for-Profit & Member-Focused: Credit unions prioritize people over profit, ensuring members benefit from better rates and lower fees. Community Champions: They invest in local communities, fostering personal relationships and meaningful financial guidance. Tech Meets Trust: With evolving digital tools, credit unions now offer modern banking solutions with a personal touch. Loan Lifesavers: From car loans to mortgages, credit unions are there to lend responsibly—helping members build their dreams. Committed to Good: Many are leading the charge with ESG initiatives, making positive changes for both people and the planet. As a proud partner, Cedar Financial celebrates the impactful work credit unions do every day. Together, we are committed to helping them thrive and continue their mission of “People Helping People.” Here’s to a strong finish in 2024 and even greater success in the year ahead. #CreditUnions #CedarFinancial #PeopleHelpingPeople #FinancialPartnerships

Change can be scary, right? For credit unions, broadening their target beyond just consumer members to include business relationships can be intimidating, to say the least! Thankfully, credit unions have a secret weapon: Industry Intelligence. Credit union relationship managers and lenders can quickly and easily learn about a business to ensure they are tailoring financial solutions to best meet the business owner’s unique needs. Really, it's that easy: https://hubs.ly/Q02PpHxV0 #ReadinessWins #IndustryIntelligence #CreditUnions

Credit unions are uniquely positioned to provide a different experience for consumers. We outline the trends we believe will shape the rest of the year and beyond—and provide our perspective on how credit unions can set themselves up for long-term success in an evolving landscape. ✍ David Schiff | Brett Mastalli #CreditUnions #CreditUnionTrends