Credit Unions Buying Banks: Good, Bad, or Plain Ugly?
Eight times so far this year a credit union has bought a bank, according to Credit Union Times’ count. Some deals are small – Verve, for instance, paid $43 million to buy South Central Bank in Chicago. Some are bigger such as Arizona Federal Credit Union’s buy of Pinnacle Bank in Scottsdale with its $236 […]
Credit Union 2.0 Podcast 44: Wendell “Bucky” Sebastian – a Credit Union Life
Welcome to episode 44 of the CU 2.0 Podcast. In this podcast, you’ll hear what killed off savings and loans and why credit unions escaped their fate, why community banks may be next to expire (and what may keep them alive), and the big advantage credit union CEOs have over their peers at banks. A […]
Credit Union 2.0 Podcast 43: Caroline Willard Cornerstone League
Welcome to episode 43 of the CU 2.0 Podcast. Today is all about what credit unions need to do to survive and what leagues need to do. Cannabis banking. Data breaches. Taxation of credit unions. The disappearance of small credit unions. The rise of $10 billion+ credit union behemoths. Welcome to the world of Caroline […]
The NYC Taxi Medallion Mess: Who Do You Trust?
New York City Mayor Bill de Blasio has released a report that skewers the NCUA for failing to work with taxi medallion borrowers who owe much more on their medallion loan than the medallion is worth. And stressed drivers, a few at least, are committing suicide in despair. The report did not pull its punch: “credit […]
CU 2.0 Podcast 42: Walt Laskos, CCUA, on Credit Unions Fighting Elder Fraud
Welcome to episode 42 of the CU 2.0 Podcast. Today is all about fraud for credit unions. Elder fraud is big business. The FBI calculates last year’s losses at over $700 million and involving two million seniors. That’s a lot of pain.
CU 2.0 Podcast 41: Sherri Davidoff on Cyber Insecurities and You
Welcome to episode 41 of the CU 2.0 Podcast. Today is all about cybersecurity for credit unions. Put phishing emails in front of credit union employees and how many will fall for them and cough up sensitive info? 20 to 60% will get conned. And that can be costly to a credit union, both in […]
CU 2.0 Podcast 40: The Jim Blaine Marathon
Welcome to episode 40 of the CU 2.0 Podcast. Today is all about the future of Credit Unions. At 30 he took over as CEO of State Employees’ Credit Union (SECU) in North Carolina. That was 1979. Come 2016 and he retired. SECU had grown to $33 billion – and it had 256 branches and […]
CU 2.0 Podcast 39: Futurist Chris Skinner
Welcome to episode 39 of the CU 2.0 Podcast. Today is all about the future of Credit Union digital banking. Consumers don’t want a digital bank. They want digital banking. That’s a building block belief of futurist-blogger Chris Skinner who has become a regular on the conference speaking circuit.
CU 2.0 Podcast 38: Futurist Thomas Frey on Credit Unions Tomorrow
Welcome to episode 38 of the CU 2.0 Podcast. Today is all about the future of banking and Credit Unions. Will your credit union be in business in 2029? The question is not academic and it’s exactly the kind of question futurist Thomas Frey chews on. We first heard him at Co-Op’s Think ’18 (video here) […]
CU 2.0 Podcast 37: Cliff Rosenthal on CDFIs
Welcome to episode 37 of the CU 2.0 Podcast. Today is all about community development financial institutions. Do you want to know about community development financial institutions? Cliff Rosenthal is the man you want to talk to. He literally wrote the book on CDFIs and also the longstanding credit union initiative to serve the unbanked: […]