Search
 
Commentary

Keeping the Focus on Innovation

Credit unions that fail to innovate risk losing ground to competitors, losing key staff or operating inefficiently.

By Samantha Paxson | Updated on April 26, 2016
Next week – May 3 to 6 – a sold-out crowd of more than 700 attendees from across the U.S. will convene in the San Diego area for the CO-OP-sponsored THINK 16 conference. With a speaker lineup that includes Upworthy’s Sara Critchfield and Fast Company’s Polly LaBarre, THINK 16 will once again challenge our industry to innovate beyond previous boundaries.

Why do we at CO-OP believe innovation is so critical? Put negatively, those that fail to innovate run the risk of losing ground to competitors,. Put positively, innovation can be the key differentiator between market leaders and their rivals. Innovation can also help you discover what opportunities exist now or are likely to emerge in the future. Successful businesses not only respond to their current needs, but innovation enables them to anticipate future trends and meet those trends rapidly and effectively.

For credit unions in particular, as smaller financial institutions, they must work smarter, on top of everything else.

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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

Why Your CU Needs a Chief Data Officer

Why Your CU Needs a Chief Data Officer

Henry C. Meier, Esq. |

There are too many data-related questions to answer and legal issues hanging around to not have a data chief at the helm.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.