Credit unions must collaborate in order to thrive and more of them are putting this belief into action.
Three Wisconsin credit unions decided to combine, each from a position of strength. Best Advantage Credit Union in Brillion, CitizensFirst Credit Union in Oshkosh, and Lakeview Credit Union in Neenah, all determined it was in the best interest of their credit unions to explore credit union 2.0 – a partnership that would be driven by extensive collaboration.
Each of the credit unions was mid-size or smaller: CitizensFirst had $400 million in assets, Lakeview had $107 million, and Best Advantage had $68 million. Each CEO had independently come to the conclusion that their credit union's long-term success depended on a future that looked different than the present.
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.
