Board of Directors
CUSOs for sustainability and economies of scale.
Like most financial institutions, credit unions face challenges in staying relevant in a rapidly evolving financial landscape. Many credit unions have turned to Credit Union Service Organizations (CUSOs) to help them leverage their collective resources and expertise. CUSOs are separate legal entities formed by credit unions to provide specific services to their members. CUSOs have…
Read MoreCooperation Among Cooperatives – The credit union Superpower.
While credit unions operate independently, their superpower is their ability to collaborate and cooperate. You will never see a community bank joining its competitor. But credit unions are financial cooperatives; the sixth principle of a cooperative is “Cooperation Among Cooperatives.” By collaborating credit unions will enhance their collective strength and effectiveness in the following ways:…
Read MoreDEIB must be done correctly!
Diversity, Equity, Inclusion, and Belonging (DEIB) has become a buzzword in the corporate world, with many organizations attempting to implement DEIB strategies. However, a feeble attempt at a DEIB strategy can be dangerous for the company and the individuals it aims to support. The first danger of a feeble attempt at a DEIB strategy is…
Read MoreAvoiding bad decisions
Decision-making is essential for any leader, but bad decisions can undermine your influence. One of the causes of poor decisions is cognitive biases. Cognitive biases are thinking patterns that lead people to make irrational or incorrect decisions. They can influence our judgment, perception, and interpretation of information, often without awareness. Cognitive biases can be dangerous…
Read MoreBefore you jump into that leadership role, read this
Starting a new job as an executive is exciting and overwhelming. You are entering a new role or organization, and making a solid first impression is essential. There is a tendency to “jump right in” and make big decisions thinking you need to prove they made the right decision picking you. That would be a…
Read MoreThe Pathway to an effective hybrid workforce
Out of necessity, the concept of a hybrid workforce has gained immense popularity due to the pandemic. However, out of urgency, most companies transitioned to a remote or hybrid workforce “on the fly.” Now companies are trying to build a sustainable hybrid model that balances the flexibility of remote work and the benefits of in-person…
Read MoreImposter Syndrome is a real thing…
Imposter Syndrome is a psychological pattern in which individuals doubt their accomplishments and fear being exposed as a fraud. It is a common experience that affects people of all ages, genders, and professional backgrounds. Imposter Syndrome leads to feelings of inadequacy, low self-esteem, and anxiety, ultimately limiting an individual’s potential. Imposter Syndrome at work is…
Read MoreLeaders are required to be decisive, but how?
As a leader, you are called upon to make decisions daily. Whether it’s a small decision that affects only a few people or a significant decision that impacts an entire organization, your ability to be decisive is critical to your success as a leader. Decisiveness is the ability to make a decision quickly and confidently.…
Read MoreFinancial Literacy vs Financial Wellness – a Consumer’s View
Credit unions and banks across the country have financial literacy on their to-do list, but what consumers need/want is a roadmap to financial wellness, not just financial literacy. Well, what’s the difference? Financial literacy is about understanding money basics. Typically the curriculum includes topics like “how to balance your checkbook,” “what is a savings account,”…
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