P1FCU’s Post

And with a flight home from Helena, Montana, that marks the end of our Spring conference season. Our schedule wasn’t light, including stops to Orlando, Minnesota, Columbus, Nashville, Sioux Falls, Maine, and Montana. Over the course of four speaking slots and hundreds of conversations, we relentlessly answered one core question: how can credit unions and community financial institutions win the next generation of members? While many credit unions and community FI’s stop after winning a young person’s mindshare, that’s simply not enough. On the back of that earned trust, our generation needs to be handheld to the next best product in your ecosystem. Credit unions who can do this, both with a personalized and digital touch, will reap the benefits of engaged, multi-product members. I did re-familiarize with the importance of being ready in the moment. When our CEO had to head home due to a family emergency hours before our keynote presentation, I thoroughly enjoyed getting on the big stage and speaking to an audience of over 150 executives from across the country. Needless to say, none of this would have been possible without our League partners. Special shouts outs to Kristopher Jacobsen Kyle AlfordKaren Meyer, CUDE George McDonald Jordan Inkley, Ranel Smith, and many more. It’s hard not to be proud of the credit union movement, and all they do to change lives, every single day. Here’s to ensuring their sustainability by helping them grow younger. If you’re debating joining a credit union, do it. There’s truly no catch ;)

#FinancialFridays! 🎓💳 Navigating credit cards for college student can be challenging, but here's a tip! We are grateful to our presenting sponsor, Bank of America, for supporting this event and helping KR Scholars as we empower the next generation of HBCU leaders with essential financial knowledge. #MoneyMasters #FinancialEducation #financialliteracy Andrée Taylor Mariska Warren Valarie Hughes Pilar Mena ✅

At the end of the game it all goes back in the box... A great reminder from LCBC Church this past weekend Essentially, life is like a big game of Monopoly; We win the game by acquiring as many properties (stuff) as possible But at the end of the game, we don't keep what we have acquired It all goes back in the box The money, houses, cars, etc. is all temporary Don't get caught up in the trap of acquiring "stuff" Be a good steward of your money: --> Give generously --> Use it as a tool rather than the final product --> Use it to craft a legacy --> Instill these values in the next generation ------------------------------------------------------------------------------- P.S. If you want to learn how to be a good steward of your finances, we can help. Let's grow together.

Reading is fundamental and Bernie's brings books to areas in need. Books can open up new worlds for children and exercise can open new worlds. Let's combine the two and get moving. #Walkasonechicago #fleetfeetchicago #fleetfeetsports

Our CXO Portia Powell and MCUL CEO Patty Corkery have some great advice for young professionals in this latest podcast episode 🎙️ Give it a listen!

🧠 Ready to enhance your financial knowledge? Catch Hope Credit Union's Financial Friday Tips on Gulf Coast Athletic Conference (GCAC) channel 02 only on HBCU + highlighting strategies for financial success. We're thrilled to have Felicia Lyles, Senior Vice President of Retail Operations at Hope Credit Union, in this episode. Watch and learn more about HOPE's products and services. Whether you're a seasoned member or new to our financial community, this episode is your guide to understanding and maximizing the offerings within our credit union. Watch here: https://lnkd.in/gdYSQZKt #BrighterFuturesBeginwithHOPE #GCAC #FinancialEmpowerment

As a former college softball pitcher 🥎, I've learned a thing or two about strategic moves and staying ahead of the game. Just like anticipating the next pitch, credit unions are now able to leverage data insights 📊 to predict members' future financial needs and offer tailored solutions – even before they know they need them! 💡 Here’s an example: Meet Sarah, a busy mom of two 👩👧👦 who relies on her credit union for financial guidance. With the power of predictive analytics, Sarah's credit union not only understands her current financial habits 💳 but also anticipates her future goals and challenges. From saving for her kids' college funds 🎓 to planning for retirement, Sarah receives personalized recommendations tailored to her unique situation. It's like having a financial coach who's always one step ahead, empowering Sarah to make informed decisions and secure her family's future with confidence. 💪 After working in the financial services industry for 15 years this is why I’ve joined Strum Platform. 🏦 We’re here to equip credit unions with the tools they need to harness the full potential of their data. By creating hyper-targeted marketing campaigns, credit unions can engage members on a whole new level, building stronger relationships and driving meaningful outcomes. Credit unions, are you ready to take your member experiences to the next level? Let's join forces and unlock the power of data-driven insights together. Drop a comment below or shoot me a message to learn more about how Strum Platform can elevate your credit union's game. 📈 #DataDrivenDecisions #CreditUnions #MemberExperience #Innovation #StrumPlatform

Today ULC's Aaron Miripol joined BRIC's LaDawn Sullivan to talk about the BRIC Fund, which explicitly provides financial resources and support to Black-led and -serving organizations in Colorado. In 2021, ULC worked with BRIC to also establish the BRIC Loan Fund to help these same organizations gain access to low-interest loans. Hear more from LaDawn and Aaron in this interview, and dive deeper at bricfund.org.

Celebrating Homeownership this Black History Month! Our History The nation was mired in the Great Depression in 1933 when Jesse Mitchell and his friends and business associates came together to do what only a few black entrepreneurs before them had done: establish a new bank to serve their community. Their ambitious plan required an act of Congress, but by the end of the year, the federal government had approved the group’s plan to sell $50,000 in stock to finance the Bank. By April 1, 1934, more than 95 percent of the stock had been sold. The new bank – to be called Industrial Bank of Washington-received its certificate of incorporation from the US Treasury Department on August 13, 1934. The Bank opened on August 20, 1934, with 6 employees and $192,000 in assets. Jesse Mitchell served as President until his passing in 1955. When Benson Doyle Mitchell assumed the presidency in December 1954, it had become the largest black-owned bank in the country. With assets totaling $7 million, Industrial remained the only black bank in the nation’s capital. Doyle was always proud that he did not just step into his father’s business at the top. After a year of graduate studies at the University of Pennsylvania’s Wharton School of Business, Doyle joined his father full time at Industrial. He took great pride in the fact that, even as the heir apparent, he started in an entry-level bookkeeping position and worked his way up. Under Doyle’s steady leadership, Industrial grew significantly and continued to expand its customer base. Part of the bank’s growth included partnering with other minority banks to provide “participation loans” to major corporations, such as Walt Disney, which had pledged a certain amount of its business to minority-owned financial institutions. Continuing the legacy his grandfather and father laid before him, B. Doyle Mitchell Jr., had been educated at private, public, and parochial schools and had spent summers in various departments of the bank since he was 16. But the larger lessons had come from watching his father-his integrity, his humility, and his compassion. After his father’s passing in 1993, B. Doyle Mitchell, Jr., 30 years old and then vice president of commercial lending, was enthusiastically appointed by the board as president. Through his leadership, Industrial Bank now has over half billion in assets, over 140 employees, branches in Washington, DC, Prince Georges County, MD Newark, NJ, Harlem, NY, and an Innovation Campus in Largo MD. Three generations of leadership, perseverance, humility, gratitude, and an unwavering commitment to the community. #blackhistorymonth #blackexcellence #homebuying #industrialbank

Connect with ICI at the event and learn how our team can assist your bank with the next core vendor evaluation and core renewal project.  Follow ICI on LinkedIn for future updates: https://lnkd.in/gGVHJ3ss.   #coreconsulting #corevendorevaluation #bankconsulting #technologyconsultant #consulting #bank #bankers