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If your CU is not prepared with a CEO succession plan, the transition will not go smoothly and it could take years for the CU to recover.
If mortgage refinancing is the vaccine for the economic crisis, are credit unions prepared to benefit?
Credit unions must be willing to invest, act with urgency and accept some risk.
Theres a strong attraction between CUSOs and fintechs, but they have fundamentally different motivators and beliefs.
The key to success in forming a CUSO is to find the right partner at the right time.
Consultant Kirk Kordeleski outlines credit unions' three consolidation options.
Credit unions can snag a significant market share from disruptors thanks to their price, service and trust advantages.