Open Lending’s Post

A core challenge we see credit union leadership "managing through" when attempting to execute against a CUSO growth strategy, is the Board. Actually, what should occur is that they get the Board 'onboard' with the plan ahead of time...with proper planning and adherence to the established (up front) guidance and 'sandbox', the rest will fall into place. Capstone Strategic #CUSOs #ExternalGrowth #CreditUnions #CreditUnionsRock #Acquistions #Strategy

Credit union board members are tasked with a lot of responsibility. We understand that. You make decisions that determine the strength, stability, and direction of the credit union. More importantly, those decisions affect every credit union member. Credit Union Board Members and Oak Tree: A Winning Combination. https://ow.ly/AnZX50Rv8kF #creditunions #creditunion #creditunionlife #fintech #leadership #strategy #efficiency #solutions #branding #marketing

It’s essential to review your credit union's specific bylaws for detailed eligibility information in becoming a credit union board member. https://ow.ly/LhwR50SGiv5 #creditunions #creditunion #creditunionlife #fintech #leadership #strategy #efficiency #solutions #branding #marketing

Our SVP - Chief Information Officer, Sridhar Kondapalli, was featured alongside other credit union leaders in a recent Callahan & Associates, Inc. article discussing the importance of strategic financial technology partnerships and their impact on innovation and member service.   Check out the full article to learn more about how Greater Texas Credit Union is navigating the fintech landscape! Read here: https://lnkd.in/g_4RF28G    #CreditUnions #Fintech #Innovation #Leadership #GreaterTexasCreditUnion

"What economic downturn?" 📊 James Turner, Founder & CEO of 5th Line, and Troy Zander, Partner at Barnes & Thornburg LLP, sit down to discuss the state of venture lending and the current market. Watch the full video here: https://hubs.ly/Q02w_q7Q0 #growthcapital #startupfunding #venturecapital

How did James Caan CBE build his billion pound empire? When he launched his first recruitment business, James didn’t have a roadmap, venture capital, or even secured bank lending. Instead, he leveraged a creative solution: pulling together £30,000 from three different credit cards. With no office windows and only a broom cupboard to call his own, James set his sights on humble goals. His journey from a one-man operation to managing 5,000 employees shows that success isn’t about giant leaps—it’s about taking “baby steps” and continuously setting achievable milestones. https://lnkd.in/gRgW2JnB

The week that was... “Agreements are put in place in the good times for the bad times.” Loans, prenup, employment, shareholder, and, and, and.. The bad times arrived this week. And go figure, even though we had tried to get them done, the agreements had just been too slow from legal, and sadly a bit too late. So we had a few: - He said… - She said… - They said… - But we never agreed… - We said we wouldn’t… Take the learnings, this is why you shouldn’t start your journey without the agreements having all the i’s dotted and the t’s crossed. Amongst a few others, it helps to: 📄 Establish clear guidelines to prevent disputes. 📄 Protect minority shareholders in major decisions. 📄 Outline the limits of authority and who can approve what. 📄 Provide direction and establishing where, who, and by when. 📄 Ensure regulatory and compliance non-negotiables are understood by all. 📄 Define the roles and responsibilities being clear and all obligations communicated. 📄 Detail specific financial arrangements, and the terms thereof, and have all in agreement. Helping founders build something special and being a first mover is a personal passion. But when the foundation is not solid, the cracks appear. Makes delivery exceptionally difficult. Slows things down. Rear view mirror stuff. How are your agreements with your partners, your board, your employees, your agencies? Find me and let’s get you in front of experienced fractional leaders who can jump in and sort before the bad times potentially arrive. Please share ♻️ this with your network if you know of someone who needs the help and activate the 🔔 on my profile to not miss other shares. #learngrowteachrepeat #fractionalexec #coo #ceo #fcoo #fceo #leadership #founders #board #shareholders #fractionation #gralen #agreements #theweekthatwas

Congrats to Randell Leach of Beneficial State Bank, David Reiling of Sunrise Banks and Kenneth LaRoe of Climate First Bank as leaders of mission-driven, purpose-led financial institutions using the power of banking to drive social and environmental impact. We need more courageous business leaders to adopt a model of stewardship capitalism to help address many of the difficult challenges we face. #responsiblebanking #sustainabilityleadership #climatefinance #corporatesocialresponsibility #stewardship #ethicalleadership

In an ever-evolving financial landscape, staying ahead means being proactive. How prepared is your credit union for the next big shift in banking and finance? At PARC Street Partners, we specialize in helping credit unions navigate through these changes with strategic executive compensation and succession planning. Future-Proof Strategies: We offer tailored solutions that prepare your leadership and operations for future challenges. Adapt and Thrive: Learn how to turn potential disruptions into opportunities for growth and member engagement. If you’re looking to strengthen your credit union’s readiness for future challenges, let’s connect. I'm here to help guide your strategy for enduring success. #CreditUnions #StrategicPlanning #ExecutiveCompensation

Had a productive exchange with Robert Cashman, President and CEO of Metro Credit Union. Robert is a dynamic and visionary leader and a staunch supporter of the global credit union movement. His vision and foresight continue to drive Metro's ambitious member impact and growth agendas. We discussed innovative approaches to lending, member engagement, and value-added services that are setting new benchmarks in the industry. It’s inspiring to see how Metro Credit Union is evolving to meet the needs of its members while staying true to the cooperative principles. #CreditUnionLeadership #GlobalCreditUnion #MemberGrowth #CooperativeMovement #FinancialInnovation #MetroCreditUnion #CreditUnionImpact #VisionaryLeadership #MemberEngagement #StrategicGrowth #CooperativePrinciples #FinancialInclusion #DynamicLeadership #CreditUnionSuccess #IndustryInnovation