Finotta’s Post

Navigating the Intersection of Profit and Purpose: A Perspective on Credit Union Competitiveness! Explore the strategic decisions behind balancing profit-driven initiatives with cooperative values in credit unions. Join Chad Miller as he shares insights on sustaining growth while staying true to Southwest Louisiana Credit Union's mission of 'people helping people.' Ready to find harmony in competition? Let's follow Chad's lead! (Link in comments to full blog) #Community #CreditUnions #MissionDriven #StrategicDecisions #Fintech

Credit unions are invaluable to their communities and are presented with new opportunities daily. So, why compete when you can collaborate? Chad Miller, President and CEO of Southwest Louisiana Credit Union, explores the importance of competition with a collaborative twist in the latest edition of the #FinottaFinfluencers. The competitive landscape for credit unions is evolving rapidly, but so are the opportunities. Learn why focusing on community impact and innovation is the winning strategy for credit unions in today's market. #CreditUnions #FinancialInstitutions #CommunityImpact #Finotta

Why should we care about helping grow credit unions worldwide? Mike Reuter, CFRE, CUDE, Worldwide Foundation for Credit Unions' President, tackles this vital question in a new CUInsight.com article co-authored with Brad Miller, President of the American Association of Credit Union Leagues. Together, they delve into how leveraging a global perspective can amplify credit unions' impact and drive meaningful change worldwide. Check out the full article here: https://lnkd.in/dUJ9N5Yy

This month is all about heightening clarity throughout your community financial institution...and the party continues with my latest Credit Union Times article, "5 Areas Where Your Credit Union Needs Clarity." Read about the details here: https://lnkd.in/gvR-6GJZ #creditunions #clarity #strategy #leadership #branding

Curtis Lowe, Director of Supervision & Regulation, details the criteria for 'independent' directors in credit unions, emphasising the need for strong governance and appropriate leadership in these key financial institutions. #FSCBarbados #FinancialJourney #NonBankFinance #Transparency #PublicAccountability #Integrity #Excellence Watch the full video to learn more: https://lnkd.in/e5TtcUsA

Time to bust some Credit Union myths! Don’t believe everything you hear.👂 💬 Let’s separate fact from fiction with our own DEI Program Leader, Jennifer Jeffries, and other experts. #FIGFCU #CreditUnion #CreditUnionMyths #CreditUnionStrong #MemberOwned #CreditUnionLife #PersonalFinance #FinancialWellness #CreditUnionBenefits #CreditUnionProud #MemberServices #CreditUnionNation

Even in 2024, billions of people around the world still lack basic access to banking, savings, and credit facilities. Credit unions are uniquely positioned to bridge this financial inclusion gap—but many face challenges when it comes to growth, modernization, reaching underserved populations, and empowering diverse leadership. That's where we come in. By funding digitalization, crisis response, and leadership development, we help #BridgeTheGap for individuals and families worldwide. Learn more about what we do: https://bit.ly/3SlSjWl

This article speaks volumes on Judy!

Defining DEI: A Strategic Imperative To ensure that DEI remains a cornerstone of your credit union's mission, it is imperative to define the term in your own words. By taking ownership of the narrative, credit unions can proactively activate the fundamental principles of their mission and avoid being swayed by external influences. By defining DEI in a manner that aligns with your credit union's values and goals, you can cultivate a more inclusive and equitable environment for your members and employees.

Two new features/perspectives that I hope you'll find worth your time: * With the future of overdrafts in question, including potentially disappearing at some point, credit unions should be opening their strategic playbooks now and looking at their options, says one expert, who adds that CUSO partnerships need to be near the top of the list. Story here: https://lnkd.in/e_5nFTRu * The African-American Credit Union Coalition (AACUC) has entered into the second phase of its Future Fund campaign, and the organization says that in addition to driving programs that address the racial wealth gap, the effort will also support small credit unions in an area critical to their ongoing success—succession planning. Story here: https://lnkd.in/eyQgD5Um