How to Begin to Collaborate – Video
This is a 5:06 minute presentation on how credit unions can begin the process of collaboration and using CUSOs.
Generating Net Income – Video
This is a 5:29 minute presentation on how CUSOs can help generate more net income for credit unions through additional revenue sources and reduction of operational costs. Generating Net Income from Messick & Lauer on Vimeo.
Expanding CUSO Ownership – Video
This is a 6:36 minute presentation on the process of adding new owners for your CUSO to meet your objectives. Expanding CUSO Ownership from Messick & Lauer on Vimeo.
We Have Met the Enemy and It Is Us
The title character in the Pogo comic strip once uttered the now famous line, “We have met the enemy and it is us.” He could have been talking about credit unions. There are many external threats to the industry (e.g., threat of taxation, diminishing margin spreads, excessive regulation) but the real threat is our inability […]
The Evolution of the Credit Union Model – Why Collaboration is Necessary
Sometimes things are so clear that they are almost self-evident. For credit unions it is clear that the credit union business model is transforming in front of our eyes. For most of the 20th Century consumer financial services were offered on a local scale by community banks and credit unions. There was a simple set […]
Cooperative CUSOs – Relationship Advice for Credit Unions Interested in Dating, Getting Married and Getting Divorced
There is a lot of interest in cooperative CUSOs these days, CUSOs that are owned by multiple credit unions. Most of these CUSOs provide operational services which can significantly reduce operating costs while increasing operational efficiencies. Some cooperative CUSOs provide non-traditional financial services which drive alternative revenue streams and offer valuable services to members. The […]
The Risk of Doing Nothing
We are at a critical juncture in the history of credit unions. Negative events seem to be piling up on us. There is enough denial, over-reaction, semi-panic, and name calling to fill our days. It is time for all of us to take a deep breath, reflect and consider where our behavior is leading credit […]
Collaboration 3.0 – The Integrated Network CUSO – The Next Generation of CUSOs
Collaborations, through CUSOs and otherwise, hold the promise of earning non-interest income from non-traditional financial products and of significantly reducing operating costs. Both opportunities are welcomed in an industry where the average net interest income is less than the costs of running a credit union. If collaborations are not extensively used by credit unions, the […]