The 5th Cooperative Principle

The 5th Cooperative Principle

CUES Credit Union ManagementCredit unions all over the world were founded on the Seven Cooperative Principles that are still very relevant today. These principles provide a framework for your credit union to put its values into practice. The Seven Cooperative Principles are nicely outlined on the International Co-operative Alliance website. In this article, I’ll concentrate on Principle 5: Education, Training and Information and provide some practical tips for your credit union.

Teaching Money Skills

Teaching Money Skills

CUES Credit Union Management—Engaging over-confident, over-stimulated young adults in financial education. Simply stated, Gen Y faces financial pressures that will jeopardize and limit their economic opportunities. This, combined with a lack of financial aptitude and overconfidence in financial matters, can be a recipe for a grim financial future for the largest generation since the baby boomers. Here’s what your credit union can do to help.

The Sharing Economy

The Sharing Economy

CUES Credit Union Management—Where do credit unions fit into this new economic and cultural paradigm, and what will tomorrow's members be looking for? A new economic model has arrived. Named by TIME as one of the “10 Ideas That Will Change the World,” collaborative consumption describes the shift in consumer values from ownership to access. 

Embrace the Moat

Embrace the Moat

CUES Credit Union Management—Regulation has protected CUs from market disruptors. How else can the 'burden' of compliance be used beneficially? In a 2011 Wall Street Journal opt-ed piece, famous technologist and venture capitalist Mark Andreessen opined about “Why Software is Eating the World."