Could shared services be the cure that puts a halt to the epidemic of mergers among credit unions?
Could shared services help credit unions increase their efficiencies and dramatically lower their costs so that they can better compete against big banks and fintechs?
On the show today are Vim Anand, CEO of Member Support Services (MSS), and an evangelist for shared support services at credit unions.
To spread this word Anand has brought in Gene Foley, former CEO of Harvard University Employees Credit Union, Kirk Kordeleski, former CEO of Bethpage Federal Credit Union, and Erin Coleman, SVP of Industry Impact at Callahan & Associates. They are the new MSS Advisory Board with the mission of providing strategic guidance.
Today Foley joins Anand on the show and they are here to explain how shared services can in fact enable credit union independence. That may sound per se self contradictory but it isn’t and on the show you’ll hear how shared services just may be the lifeline a lot of credit unions are looking to grasp.
For more on shared services and credit union independence there’s another show in the library with Anand.
To hear the show with Jim Blaine that Foley discusses, click here.
