Madison, Wis.-based consulting firm 6th Story said it is looking for a few credit unions ready to go beyond the talk of collaboration among cooperatives, and take part in a joint strategic planning session this September in Austin, Texas.
"The sixth cooperative principle insists that credit unions most effectively serve their members and the cooperative movement by working together with other cooperatives," said Matt Davis, 6th Story president. "Right now we have 6,800 credit unions approaching strategic planning as individual entities. Cooperation among cooperatives can improve the quality of outcomes, while driving down the cost."
He added that while it's easier for larger credit unions to absorb the costs of facilitators or subject matter experts, the majority of credit unions usually go without.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
