Filene Research Institute’s Post

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

Verity Credit Union April Recap  🎉 Aw, April! It may have seemed quiet but it was certainly a full month! Take a look at our quick, monthly recap: 🧡 This month was filled with an abundance of meaningful observations as we celebrated Diversity Month. At Verity, we firmly believe in honoring and celebrating the unique qualities that define each of us. Diversity isn't merely an acknowledgment for us; it's a cherished value that we honor every single day.  🧡 Have you checked out our Employee Spotlights? It's a fantastic opportunity to shine a spotlight on our Verity employees, giving you the chance to get to know them better. Go back and review! 🧡 We're sure you didn't miss Tax Day on April 15! But if it did, don't hesitate to connect with a financial advisor for guidance on filing late! 🧡 And we can't forget about Earth Day. Verity’s commitment to socially responsible banking includes making choices that have a positive impact on our #environment year-round. Be sure to follow our social media accounts to stay tuned for what May has to offer! Verity Credit Union | Your Future. Your Partner. 🧡 #VerityCreditUnion #CashlessConvenience #SecureTransactions  Financial Times Seattle Business magazine City of Seattle Seattle University SCORE Greater Seattle Credit Union National Association ForbesBLK

Competition in the financial sector is fierce, but credit unions have a unique advantage. Chad Miller, President & CEO of Southwest Louisiana Credit Union, shares insights on why competition is essential and how collaboration can amplify impact. Explore the power of collaboration, community focus, and innovation in driving credit unions forward. #CreditUnions #Collaboration #CommunityFocus #Innovation

Focusing on the needs of small credit unions!

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

Financial literacy has to start in school. And with the rise of AI, we should be bridging the gap by creating more access to financial education. 🙌 And that's exactly what we're doing with Eye and Seek AI. 🤖 👍 #financialeducation #ai #financialliteracy #empowerment

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

On June 26, we commemorate the 90th anniversary of a landmark moment in American history: President Franklin D. Roosevelt's signing of the Federal Credit Union Act of 1934. Born out of the desperation of the Great Depression, this Act revolutionized the financial landscape by establishing federal credit unions. Explore the profound legacy and future of credit unions in this CUInsight.com article.

Embarking on the Next Chapter: Holmes & ILCU’s Rollout Phase 3 🎉 Following a fantastic response from our recent webinar with the Irish League of Credit Unions, we’re thrilled to announce over 80 Credit Unions have shown an interest in HOLMES’ MARKETPLACE ANALYTICS by RW Pierce. 📅 We’re delighted to confirm the next step: a regional meeting for the ILCU Rollout Phase 3, set to take place at Rochestown Park Hotel, Cork City, next Monday, 22nd April 2024, at 11 am. This event is a great opportunity for credit unions in Cork and Kerry to explore the next stage of credit union evolution. 🤝 It’s an opportunity to delve deeper into what Holmes can do for you - operational efficiency, targeted member service, and growth strategies tailored to your Credit Union’s unique landscape. 📣 There’s still a window of opportunity for your Credit Union to be a part of this journey. If you haven’t yet, we warmly invite you to fill out an expression of interest form. Whether you’re looking to learn, grow, or collaborate, this event is where you need to be. ➡️ Express your interest here: ⬇️ https://lnkd.in/ef3PGC97 #HolmesSoftware #CreditUnions #ILCU #Innovation #CorkCity #KerryCreditUnion #CommunityGrowth #FinancialServices

National Small Business Week shines a spotlight on the backbone of our economy. For credit unions, it's a prime opportunity to reassess how we can better serve and support these vital members. From providing tailored financial products to offering personalized advice, there's much we can do to bolster small business growth and, by extension, our communities. How will you be celebrating National Small Business Week? #SmallBusinessWeek #CreditUnionServices #IMSIIntegration